Bihar Gramin Bank SASARAM IFSC Code

If you’re looking to transfer funds to or from the Bihar Gramin Bank branch in SASARAM, Rohtas, understanding the Indian Financial System Code (IFSC) is crucial. This unique 11-character code is essential for all electronic money transfers within India, including NEFT, RTGS, and IMPS transactions. It helps identify the specific bank and branch, ensuring your money reaches the correct recipient quickly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank SASARAM branch:

Bank Name	Bihar Gramin Bank
Branch Name	SASARAM
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7390
Branch Address	SASARAM, Rohtas, 821115, 9771464390
Contact Number	9771464390
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	821115
State	Bihar

Merger Update

For those familiar with regional rural banks in Bihar, it’s important to note the changes due to mergers. If your previous transactions involved banks like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), these entities have undergone restructuring. Today, the various regional rural banks in Bihar operate under the sponsorship of larger public sector banks.

The Bihar Gramin Bank, including its SASARAM branch, now uses IFSC codes that reflect its sponsoring bank, Punjab National Bank (PNB). This is why the IFSC for SASARAM branch starts with “PUNB”. The code PUNB0MBGB06 is the valid and active IFSC for this branch.

It is crucial to understand that any old IFSC codes previously associated with UBGB or DBGB branches have been revoked. For any current or future electronic fund transfers, you must exclusively use the new, consolidated IFSC codes like PUNB0MBGB06. Using an old or incorrect IFSC will lead to transaction failures.

What is an IFSC Code?

An IFSC code is an 11-character alphanumeric code used to identify all bank branches participating in electronic fund transfers in India. It acts like a unique digital address for each bank branch.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For instance, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and remains constant across all IFSC codes.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, “MBGB06” uniquely points to the SASARAM branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code is a standard step in setting up any electronic fund transfer. Here’s how it generally works for NEFT, RTGS, and IMPS:

1. Log in to your online banking or mobile banking app: Access your bank’s portal or application.
2. Select the type of transfer: Choose between NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service) based on your needs.
3. Add a new beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter beneficiary details: You will typically need the beneficiary’s name, account number, account type (savings or current), and the bank’s IFSC code. For the Bihar Gramin Bank SASARAM branch, you would enter PUNB0MBGB06.
5. Confirm details: Double-check all entered information, especially the account number and IFSC code, to prevent errors.
6. Enter the amount and initiate transfer: Specify how much money you want to send and confirm the transaction.

For offline transfers at a bank branch, you would fill out a transfer form, providing the same beneficiary details, including the IFSC code, to the bank teller.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank or the recipient’s bank offers several advantages:

• It ensures the accuracy and security of your electronic fund transfers.
• It enables smooth and quick transactions through NEFT, RTGS, and IMPS.
• It helps in making payments for bills, insurance, and loan EMIs where direct bank transfers are required.
• It prevents delays or failures in transactions due to incorrect branch identification.
• It is mandatory for setting up standing instructions for recurring payments.

Contact Information

For inquiries related to the Bihar Gramin Bank SASARAM branch or general banking services, you can use the following contact details:

• Branch Phone Number: 9771464390
• Branch Address: SASARAM, Rohtas, 821115
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A: No, PUNB0MBGB06 is specific to the SASARAM branch. Each branch has its unique IFSC code. You should always verify the correct IFSC for the specific branch you intend to transact with.

Q2: What should I do if my transfer fails because of an incorrect IFSC code?
A: If a transfer fails due to an incorrect IFSC, the funds are usually returned to your account within a few hours or one to two business days. You will then need to re-initiate the transaction with the correct IFSC code.

Q3: Can I find the IFSC code on my bank passbook or chequebook?
A: Yes, the IFSC code is typically printed on the first page of your bank passbook and on cheque leaves provided by your bank. It’s usually near the bank’s address or account number.

Q4: What is the difference between IFSC and MICR code?
A: The IFSC code is used for electronic fund transfers (NEFT, RTGS, IMPS) to identify a bank branch. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code used for processing physical cheques. It helps in faster clearing of cheques.

Q5: Is it safe to share my IFSC code?
A: Yes, it is generally safe to share your IFSC code. It is publicly available information. However, you should never share your account password, PIN, or OTP with anyone.