Bihar Gramin Bank Sariswa Bazar IFSC Code

Sariswa Bazar, a community located in the West Champaran district of Bihar, relies on its local bank branches for various financial services. When you need to transfer money electronically, such as through NEFT, RTGS, or IMPS, a specific code is vital. This code, known as the IFSC (Indian Financial System Code), acts like a unique address for each bank branch. It ensures that your funds reach the exact intended bank and branch safely and efficiently. Knowing the correct IFSC code is crucial for any successful online fund transfer.

Branch Details

Here are the important details for the Bihar Gramin Bank, Sariswa Bazar branch:

Bank Name	Bihar Gramin Bank
Branch Name	Sariswa Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100206
Branch Address	Sariswa Bazar, WEST CHAMPARAN, 845454, 9297954089
Contact Number	9297954089
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845454
State	Bihar

Merger Update

The Bihar Gramin Bank has an important history regarding its formation. Initially, there were two separate Regional Rural Banks (RRBs) in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks were merged into a single entity to form the present Bihar Gramin Bank. This consolidation streamlined operations and created a unified banking network across the state.

Following this merger, all branches of Bihar Gramin Bank, including the Sariswa Bazar branch, now operate under a single, unified IFSC code: PUNB0MBGB06. This new code is sponsored by Punjab National Bank, which is the parent public sector bank for Bihar Gramin Bank.

It is very important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are now revoked. These old codes are no longer valid for any financial transactions. To ensure your funds are transferred successfully, you must use only the new IFSC code, PUNB0MBGB06, for all electronic fund transfers to any Bihar Gramin Bank branch.

What is IFSC Code?

The Indian Financial System Code, or IFSC, is a unique 11-character alphanumeric code. It plays a critical role in identifying individual bank branches within the Indian banking system. This code is essential for all electronic fund transfers. Let’s break down its structure using PUNB0MBGB06 as an example:

• First four characters: These characters identify the bank. In our example, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• Fifth character: This character is always ‘0’ (zero). It is kept as a control character for future use within the system.
• Last six characters: These characters identify the specific branch. For the Sariswa Bazar branch, “MBGB06” is its unique branch identifier.

This systematic structure ensures that every transaction is directed to the exact bank and branch, minimizing errors in online money transfers.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making online fund transfers through services like NEFT, RTGS, or IMPS. Here’s a step-by-step guide:

1. Log In: Access your online banking portal or mobile banking application using your credentials.
2. Initiate Transfer: Navigate to the “Fund Transfer” or “Payments” section.
3. Select Transfer Type: Choose the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): This system processes transfers in batches during specific hours. It’s suitable for non-urgent transfers.
   • RTGS (Real Time Gross Settlement): Designed for large value transactions, typically above ₹2 lakh. Funds are processed individually in real-time.
   • IMPS (Immediate Payment Service): Offers instant, 24/7 fund transfers, even on holidays. It is ideal for urgent, smaller value transfers.
4. Add Beneficiary: If you are sending money to this account for the first time, you will need to add a new beneficiary. You will input the beneficiary’s name, their account number (and confirm it), the bank name (Bihar Gramin Bank), and the crucial IFSC code (PUNB0MBGB06).
5. Enter Details: Provide the amount you wish to transfer and, optionally, a remark or purpose for the transaction.
6. Confirm and Authorize: Review all the entered details carefully. Then, authorize the transaction using your chosen security method, such as an OTP (One Time Password) sent to your registered mobile number or a transaction password.

Always double-check the IFSC code and account number to prevent any misdirection of funds.

Benefits

Knowing and using the correct IFSC code offers several important benefits for banking customers:

• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and branch, greatly reducing the chances of funds being sent to the wrong account.
• Speeds Up Transfers: It facilitates quick and efficient electronic fund transfers, allowing money to move across banks much faster than traditional methods.
• Enhances Security: By standardizing the identification process, IFSC codes contribute to a more secure system for online transactions, reducing manual errors.
• Offers Convenience: Customers can perform banking transactions from anywhere and at any time, without needing to visit a physical bank branch.
• Supports Digital Banking: It is a fundamental component of India’s modern digital banking infrastructure, enabling services like net banking and mobile banking.

Contact Section

If you need to get in touch with Bihar Gramin Bank, here are the relevant contact details:

• Sariswa Bazar Branch Phone Number: 9297954089
• Sariswa Bazar Branch Address: Sariswa Bazar, WEST CHAMPARAN, 845454, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank Sariswa Bazar branch and its IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank, Sariswa Bazar branch?
A1: The IFSC code for the Bihar Gramin Bank, Sariswa Bazar branch is PUNB0MBGB06.

Q2: Is the Sariswa Bazar branch still part of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?
A2: No, the Sariswa Bazar branch is now part of Bihar Gramin Bank, which was formed by the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank.

Q3: Can I still use old UBGB or DBGB IFSC codes for transactions?
A3: No, all old IFSC codes belonging to UBGB or DBGB are revoked and no longer valid. You must use the new unified IFSC code, PUNB0MBGB06, for all electronic transactions.

Q4: What is the main purpose of an IFSC code?
A4: The main purpose of an IFSC code is to uniquely identify each bank branch participating in the Indian banking system. This ensures that electronic fund transfers like NEFT, RTGS, and IMPS are routed to the correct destination bank and branch.

Q5: What types of transactions require an IFSC code?
A5: An IFSC code is required for all major electronic fund transfer methods in India, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).