Bihar Gramin Bank SARMERA IFSC Code

If you’re looking for details about the Bihar Gramin Bank branch in SARMERA, Nalanda, Bihar, you’ve come to the right place. Understanding the Indian Financial System Code (IFSC) is crucial for any electronic money transfer. This unique code acts like a digital address, making sure your funds reach the correct bank and branch when you use services like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service). It ensures your transactions are both quick and secure.

Branch Details Table

Here are the specific details for the Bihar Gramin Bank SARMERA branch:

Bank Name	Bihar Gramin Bank
Branch Name	SARMERA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6986
Branch Address	SARMERA, Nalanda, 811104, 7070196986
Contact Number	7070196986
City	Nalanda
District	Nalanda
Reason (for MICR, etc.)	BIHARSHARIF
Pincode	811104
State	Bihar

Merger Update for Bihar Gramin Bank

The SARMERA branch, while commonly referred to as Bihar Gramin Bank, actually falls under Madhya Bihar Gramin Bank (MBGB). This bank was formed as a result of a significant merger in 2006, bringing together three Regional Rural Banks: Uttar Bihar Gramin Bank (UBGB), Dakshin Bihar Gramin Bank (DBGB), and Bihar Kshetriya Gramin Bank.

This merger standardized operations and branding under Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. As part of this consolidation, a unified IFSC code system was introduced. This means that older IFSC codes previously used by UBGB or DBGB are no longer valid for transactions. For any electronic fund transfers to or from the SARMERA branch (or any other branch of Madhya Bihar Gramin Bank), you must use the current, unified IFSC code: PUNB0MBGB06. Using an old or incorrect code will cause your transaction to fail.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India that participates in electronic fund transfers. Think of it as a specific address for a bank branch. The structure of the IFSC code is quite logical:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This is a control character reserved for future use and helps distinguish between various bank branches.
• The last six characters represent the specific branch code. In our example, “MBGB06” identifies the particular branch within Madhya Bihar Gramin Bank.

This systematic structure ensures that every transaction is routed to the correct destination, minimizing errors in the complex financial system.

How to Use an IFSC Code

Using the IFSC code is a straightforward process when you’re making an electronic fund transfer. Here’s how it generally works for common services:

• NEFT (National Electronic Funds Transfer): This system processes transactions in batches at specific intervals. When you initiate an NEFT transfer through your bank’s online portal or mobile app, you’ll need to enter the beneficiary’s bank name, account number, account holder’s name, and the correct IFSC code (e.g., PUNB0MBGB06 for SARMERA branch).
• RTGS (Real-Time Gross Settlement): RTGS is designed for large value transactions (typically 2 lakh rupees or more) and processes them individually in real-time. Similar to NEFT, you provide the beneficiary’s bank details, including their account number and the precise IFSC code, to ensure immediate transfer to the correct branch.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. For IMPS, you usually need the beneficiary’s mobile number and MMID (Mobile Money Identifier) or their account number and IFSC code. The IFSC code ensures that even with a mobile number, the funds are linked to the right bank branch.

Always double-check the IFSC code, along with the account number and name, before confirming any transaction to avoid sending money to the wrong recipient.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for someone you wish to pay, offers several practical benefits:

• Accurate Fund Transfers: It guarantees that your money reaches the intended beneficiary’s specific bank and branch without any misdirection.
• Faster Transactions: With the correct IFSC, electronic transfers like NEFT, RTGS, and IMPS are processed quickly and efficiently.
• Enhanced Security: The unique identification helps prevent fraudulent transactions by ensuring only authorized accounts at recognized branches can send or receive funds electronically.
• Online Banking Convenience: It simplifies online banking and mobile banking experiences, making it easy to add beneficiaries and initiate transfers from anywhere.
• Required for Payments: Many online payment gateways, bill payments, and e-commerce platforms require the IFSC for direct bank transfers.

Contact Information

For direct inquiries or assistance related to the SARMERA branch or Madhya Bihar Gramin Bank, you can use the following contact details:

• SARMERA Branch Phone Number: 7070196986
• SARMERA Branch Address: SARMERA, Nalanda, 811104, Bihar
• Madhya Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

FAQs

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

Q1: What is the full name of the bank for the SARMERA branch?
A1: The SARMERA branch falls under Madhya Bihar Gramin Bank (MBGB), which is sponsored by Punjab National Bank. While often referred to as “Bihar Gramin Bank,” MBGB is its official entity.

Q2: Is the IFSC code PUNB0MBGB06 valid for all types of online transactions?
A2: Yes, PUNB0MBGB06 is the correct and valid IFSC code for all electronic fund transfers, including NEFT, RTGS, and IMPS, for the Madhya Bihar Gramin Bank SARMERA branch.

Q3: What should I do if my transaction fails due to an incorrect IFSC code?
A3: If a transaction fails because of an incorrect IFSC code, the funds are usually returned to your account within a few hours or one to two business days. You should re-initiate the transaction using the correct IFSC code: PUNB0MBGB06.

Q4: How can I verify the IFSC code for the SARMERA branch?
A4: You can verify the IFSC code on the bank’s official website (Madhya Bihar Gramin Bank), on your passbook or cheque book, or by contacting the branch directly at 7070196986. Many reliable financial websites also provide IFSC code look-up tools.

Q5: Has Madhya Bihar Gramin Bank merged with any other banks recently?
A5: Madhya Bihar Gramin Bank itself was formed in 2006 by the merger of three regional rural banks, including Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. Its current structure and IFSC code (PUNB0MBGB06) reflect this merger and have been stable since then. There haven’t been recent changes to its core entity.