Bihar Gramin Bank Satanpur IFSC Code

The Bihar Gramin Bank’s Satanpur branch is an important banking hub for the residents of Satanpur, located in the Samastipur district of Bihar. When you need to send or receive money through digital channels like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), knowing the correct Indian Financial System Code (IFSC) for this branch is essential. This unique code ensures your money reaches the right bank and branch quickly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank, Satanpur branch:

Bank Name	Bihar Gramin Bank
Branch Name	Satanpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3951
Branch Address	Satanpur, Samastipur, 848132, 9955997858
Contact Number	9955997858
City	Samastipur
District	Samastipur
Pincode	848132
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to understand the history of Bihar Gramin Bank. Previously, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated as separate entities. These regional rural banks have since merged to form the single Bihar Gramin Bank. This merger brought all branches under a unified structure, sponsored by Punjab National Bank.

Due to this merger, all older IFSC codes belonging to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked. They are no longer valid for any online transactions. For the Satanpur branch, and indeed for all branches of the new Bihar Gramin Bank, only the IFSC code PUNB0MBGB06 is now valid and should be used for all financial transfers.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It’s used to identify every bank branch participating in online money transfers. Think of it as a digital address for a specific bank branch.

The structure of the IFSC code PUNB0MBGB06 can be broken down as follows:

• The first four characters (PUNB) represent the bank. In this case, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character, keeping the code consistent.
• The last six characters (MBGB06) identify the specific branch. “MBGB” likely denotes the merged Bihar Gramin Bank, and “06” is the unique identifier for the Satanpur branch.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you’re making online fund transfers. Here’s how it typically works for NEFT, RTGS, and IMPS:

1. Log In to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
2. Select Transfer Type: Choose the type of transfer you want to make – NEFT, RTGS, or IMPS.
3. Add Beneficiary Details: If you haven’t sent money to this person or business before, you’ll need to add them as a new beneficiary.
4. Enter Beneficiary Account Number: Input the recipient’s bank account number twice to confirm accuracy.
5. Enter IFSC Code: Carefully type in the IFSC code PUNB0MBGB06 for the Satanpur branch. The system will usually auto-fill the bank and branch name once you enter a valid code, helping you confirm it’s correct.
6. Enter Amount: Specify the amount of money you wish to transfer.
7. Confirm and Authorize: Review all the details one last time. Once you’re sure everything is correct, confirm the transaction. You might need to enter a One-Time Password (OTP) or use a transaction password to authorize the transfer.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several important benefits:

• Facilitates Online Transfers: It is mandatory for all electronic fund transfers (NEFT, RTGS, IMPS), allowing for quick and efficient money movement.
• Ensures Accuracy: The unique code ensures that your funds are directed to the precise bank and branch, minimizing the risk of errors or transfers to the wrong account.
• Faster Processing: Correct IFSC codes help banks process transactions more quickly, reducing delays in receiving or sending money.
• Secure Transactions: By accurately identifying the recipient’s branch, the IFSC code adds a layer of security to your financial transactions.
• Wider Reach: It allows you to send money to or receive money from any bank branch in India that participates in the electronic transfer system, regardless of its location.

Contact Information

If you need to get in touch with the Bihar Gramin Bank’s Satanpur branch or its head office, here are the details:

• Satanpur Branch Phone Number: 9955997858
• Satanpur Branch Address: Satanpur, Samastipur, 848132, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code.

Q2: Is the Bihar Gramin Bank Satanpur branch part of a merged bank?
A2: Yes, Bihar Gramin Bank was formed by the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). The Satanpur branch now operates under this merged entity.

Q3: Can I use an old IFSC code for Bihar Gramin Bank if I previously had an account with UBGB or DBGB?
A3: No, old IFSC codes from Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked after the merger. You must use the new, valid IFSC code PUNB0MBGB06 for the Satanpur branch for all electronic transactions.

Q4: What is the MICR code for the Bihar Gramin Bank Satanpur branch?
A4: The MICR (Magnetic Ink Character Recognition) code for the Satanpur branch is 800811002. This code is primarily used for processing paper cheques.

Q5: What is the significance of the ‘0’ in the IFSC code?
A5: The fifth character in every IFSC code is always a ‘0’. It is reserved for future use by the Reserve Bank of India and acts as a control character to maintain a consistent code structure across all bank branches.