Bihar Gramin Bank Satjora IFSC Code

This article provides detailed information about the Bihar Gramin Bank branch located in Satjora, Saran, Bihar. Understanding your bank’s Indian Financial System Code (IFSC) is crucial for securely and efficiently transferring funds. This unique 11-character code is essential for various online money transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures that your money reaches the correct bank and branch without delays or errors.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Satjora
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100575
Branch Address	Satjora, SARAN, 841410, 9297955279
Contact Number	9297955279
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841410
State	Bihar

Merger Update

Bihar Gramin Bank operates under the sponsorship of Punjab National Bank. This setup is a result of consolidations among regional rural banks. For instance, entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. They now use a single IFSC code, such as PUNB0MBGB06, under the Punjab National Bank’s umbrella. It is important to know that old IFSC codes of these former banks have been revoked. Only the new, consolidated IFSC codes like PUNB0MBGB06 are valid for all types of financial transactions today.

What is IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers. Think of it like a specific address for a bank branch. The Reserve Bank of India (RBI) assigns these codes. This system helps prevent mistakes during digital fund transfers.

The 11 characters of an IFSC code are structured in a particular way:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use.
• The last six characters identify the specific branch. In our case, “MBGB06” points to the Satjora branch within Bihar Gramin Bank.

How to Use IFSC Code

Using an IFSC code is simple once you understand the process for different types of transfers. Here’s how it generally works:

1. For NEFT (National Electronic Funds Transfer): This system processes fund transfers in batches. To send money via NEFT, you need the recipient’s bank account number, account holder’s name, and the correct IFSC code of their bank branch. You initiate the transfer through your bank’s online portal or by filling out a form at a branch.
2. For RTGS (Real Time Gross Settlement): RTGS handles large-value transactions in real-time, meaning funds are processed individually as soon as the request is made. Like NEFT, you’ll need the recipient’s bank account number, name, and IFSC code. RTGS is typically used for transactions of ₹2 lakh and above.
3. For IMPS (Immediate Payment Service): IMPS allows for instant fund transfers 24/7, even on holidays. You can use a mobile number and an MMID (Mobile Money Identifier) or simply the recipient’s bank account number and IFSC code. This service is fast and convenient for smaller, urgent transfers.

In all these cases, providing the correct IFSC code is vital. An incorrect code can lead to delayed transactions or funds being sent to the wrong account.

Benefits of Knowing Your IFSC

Knowing the correct IFSC code for your bank branch offers several important benefits:

• Ensures Accuracy: It directs your funds to the exact branch, reducing errors in transactions.
• Speeds Up Transfers: Accurate IFSC codes lead to quicker processing of NEFT, RTGS, and IMPS payments.
• Facilitates Online Banking: It is a mandatory requirement for initiating any online fund transfer.
• Security: Helps in verifying the recipient’s bank branch, adding a layer of security to your transactions.
• Mandatory Requirement: All major digital payment systems in India require the IFSC code to function.

Contact Information

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

• Branch Phone Number (Satjora): 9297955279
• Branch Address (Satjora): Satjora, SARAN, 841410, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes and their use:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A: No, the first four characters of the IFSC code will be the same (PUNB), and the fifth character will be ‘0’. However, the last six characters are unique for each individual branch, identifying it specifically. So, the Satjora branch has its own unique IFSC code.

Q2: What happens if I enter a wrong IFSC code during a transaction?
A: If you enter an incorrect IFSC code, the transaction will likely fail. The banking system relies on this code to route funds correctly. In some cases, if the incorrect code belongs to an actual branch, the funds might be credited to a wrong account in that branch. Always double-check the IFSC code before confirming a transfer.

Q3: Can I find my branch’s IFSC code on my passbook or chequebook?
A: Yes, the IFSC code is usually printed on your bank passbook and on the top part of your cheque leaves. You can also find it on your bank’s official website or through online IFSC lookup tools.

Q4: Is the MICR code the same as the IFSC code?
A: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit code primarily used for processing cheques. It identifies the bank, city, and branch. The IFSC code is for electronic fund transfers like NEFT, RTGS, and IMPS.

Q5: Do I need the IFSC code for cash deposits or withdrawals at my branch?
A: No, you typically do not need the IFSC code for cash deposits or withdrawals made directly at your own bank branch. The IFSC code is specifically required for electronic fund transfers between different bank accounts or branches.