Bihar Gramin Bank SATHOPUR (DEVI SARAI) IFSC Code

In Nalanda, Bihar, the Bihar Gramin Bank’s SATHOPUR (DEVI SARAI) branch plays an important role in the financial life of its community. For anyone needing to transfer money electronically, understanding the Indian Financial System Code, or IFSC, for this branch is essential. This unique code acts like a digital address, allowing for smooth and accurate fund transfers through services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these electronic transactions simply cannot happen.

Branch Details

Here are the specific details for the Bihar Gramin Bank’s SATHOPUR (DEVI SARAI) branch:

Bank Name	Bihar Gramin Bank
Branch Name	SATHOPUR (DEVI SARAI)
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7485
Branch Address	SATHOPUR (DEVI SARAI), Nalanda, 803101, 7781004485
Contact Number	7781004485
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	803101
State	Bihar

Merger Update

The Bihar Gramin Bank, including its SATHOPUR (DEVI SARAI) branch, is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. This sponsorship is clearly reflected in its IFSC code, PUNB0MBGB06, which begins with “PUNB0”. While Bihar Gramin Bank itself is a result of earlier consolidations (such as the merger that formed Madhya Bihar Gramin Bank, which the “MBGB” part of the code often refers to), all its branches now operate under a unified system.

It is important to note that if this branch previously had any older or different IFSC codes from its constituent entities before the formation of Bihar Gramin Bank, those codes have now been revoked. For any electronic fund transfers to or from the SATHOPUR (DEVI SARAI) branch, you must always use the current and unified IFSC code: PUNB0MBGB06. Using an outdated code will result in transaction failure.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code. It’s used by banks in India for electronic fund transfers. Each branch of a bank has a unique IFSC code, ensuring that your money goes to the exact right place.

Let’s break down PUNB0MBGB06:

• The first four characters (PUNB) identify the bank, in this case, Punjab National Bank, which is the sponsor 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 digit.
• The last six characters (MBGB06) identify the specific branch. Here, ‘MBGB’ often refers to Madhya Bihar Gramin Bank (a predecessor or part of the current Bihar Gramin Bank structure), and ’06’ uniquely identifies the SATHOPUR (DEVI SARAI) branch within that system.

This structured format helps to prevent errors and makes sure that funds are routed accurately across the vast banking network in India.

How to Use an IFSC Code

Using the IFSC code for electronic fund transfers is straightforward. Here are the steps for common services:

1. For NEFT (National Electronic Funds Transfer) or RTGS (Real Time Gross Settlement):
   • Log in to your online banking portal or mobile banking app.
   • Select the “Fund Transfer” or “Payments” option.
   • Choose “Add Beneficiary” or “Manage Payees.”
   • Enter the beneficiary’s details: their name, account number, the bank’s name (Bihar Gramin Bank), and the branch name (SATHOPUR (DEVI SARAI)).
   • Crucially, enter the IFSC code: PUNB0MBGB06.
   • Confirm the details and save the beneficiary. Once added, you can initiate the transfer.
   • For RTGS, remember there is usually a minimum transfer amount (often ₹2,00,000). NEFT has no minimum.
2. For IMPS (Immediate Payment Service):
   • IMPS is often used for instant transfers.
   • Access the IMPS option in your mobile banking app or internet banking.
   • You will usually need the beneficiary’s mobile number and their MMID (Mobile Money Identifier), or their account number and the IFSC code.
   • If using account number, enter the account number and the IFSC code: PUNB0MBGB06.
   • Enter the amount and confirm the transaction. IMPS transfers are processed immediately, even outside banking hours.

Always double-check the IFSC code and other beneficiary details before confirming a transfer to avoid sending money to the wrong account.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Ensures Accurate Transfers: The primary benefit is that your money reaches the intended recipient’s account correctly and without delay. A wrong IFSC code will typically cause the transaction to fail.
• Faster Processing: When all details, including the IFSC, are accurate, NEFT, RTGS, and IMPS transactions are processed quickly, sometimes instantly (like IMPS). This is vital for urgent payments.
• Enhanced Security: The unique nature of the IFSC code adds a layer of security. It helps the banking system verify the destination branch, reducing the risk of fraud or misdirection of funds.
• Simplifies Online Transactions: For anyone using online banking or mobile apps, the IFSC code is a key piece of information that makes setting up beneficiaries and initiating transfers much simpler and more efficient.
• Necessary for Receiving Funds: If someone needs to send money to your Bihar Gramin Bank account at the SATHOPUR (DEVI SARAI) branch, they will ask you for this specific IFSC code.

Contact Information

For any queries related to the SATHOPUR (DEVI SARAI) branch of Bihar Gramin Bank or general banking services, you can use the following contact details:

• Branch Phone Number: 7781004485
• Branch Address: SATHOPUR (DEVI SARAI), Nalanda, 803101, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code for Bihar Gramin Bank SATHOPUR (DEVI SARAI) the same as its SWIFT code?
A1: No, the IFSC code (PUNB0MBGB06) is specific to fund transfers within India. SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes are used for international money transfers. Most smaller branches and regional rural banks like Bihar Gramin Bank do not have their own SWIFT codes. You would typically use the SWIFT code of their sponsoring bank (Punjab National Bank) for international transfers, and even then, usually only for the main branches of the sponsor bank.

Q2: Can I transfer money without knowing the beneficiary’s IFSC code?
A2: For NEFT, RTGS, and IMPS electronic transfers within India, the IFSC code is a mandatory field. You cannot initiate these transfers without it. The code ensures that your funds are directed to the correct branch and account. Some payment apps might allow transfers using UPI (Unified Payments Interface) without explicitly asking for IFSC, but even UPI transactions rely on these underlying banking codes for routing.

Q3: What should I do if I enter a wrong IFSC code during a transfer?
A3: If the IFSC code you entered is invalid or does not match the beneficiary’s bank and branch, the transaction will most likely fail and the funds will be returned to your account. If the incorrect IFSC code corresponds to a valid account at a different branch or bank, the money might go to the wrong recipient. In such a scenario, you should immediately contact your bank to report the error and request a recall of funds, though success is not guaranteed, especially if the funds have already been withdrawn by the unintended recipient.

Q4: Where can I find the correct IFSC code for any bank branch?
A4: You can find the correct IFSC code on your bank’s cheque book, passbook, or account statements. Most bank websites also provide an IFSC search tool. Additionally, the Reserve Bank of India (RBI) website maintains a comprehensive list of all active IFSC codes.

Q5: Does the IFSC code ever change for a branch?
A5: IFSC codes rarely change. However, they can change in specific situations, such as bank mergers, branch relocation, or restructuring within the banking system. If a change occurs, banks are generally required to notify their customers. In the case of Bihar Gramin Bank, due to past mergers, it’s crucial to always use the current code like PUNB0MBGB06, as older codes are no longer valid.