Bihar Gramin Bank SHEIKHPURA IFSC Code

The Bihar Gramin Bank branch in SHEIKHPURA, located in the Nawada district of Bihar, plays an important role for the local community. To transfer funds digitally to or from this branch, you need a specific code called the Indian Financial System Code, or IFSC. This unique 11-character code is essential for various online money transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these digital transactions cannot be processed.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	SHEIKHPURA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7301
Branch Address	SHEIKHPURA, Nawada, 805103, 9771464301
Contact Number	9771464301
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805103
State	Bihar

Merger Update

In Bihar, Regional Rural Banks (RRBs) have undergone significant mergers to streamline operations and offer better services. Historically, banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were part of this landscape. Following these consolidations, many branches, including those now under the umbrella of Bihar Gramin Bank, operate with a unified IFSC structure sponsored by a larger public sector bank.

Specifically, the IFSC code PUNB0MBGB06 for the SHEIKHPURA branch indicates its affiliation with Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank. This means that old IFSC codes that might have been associated with erstwhile UBGB or DBGB entities, or any previous regional rural banks in Bihar, are now revoked and are no longer valid for transactions. For any digital fund transfers to this SHEIKHPURA branch of Bihar Gramin Bank, you must use the updated and currently valid IFSC code PUNB0MBGB06.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character code assigned by the Reserve Bank of India (RBI) to every bank branch in the country. It helps identify the specific branch involved in an electronic funds transfer. The structure of the IFSC code is straightforward:

• The first four characters represent the bank code. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring 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 identify the specific branch. In PUNB0MBGB06, “MBGB06” denotes the particular branch or a unique identifier within the Madhya Bihar Gramin Bank system.

How to Use IFSC Code

Using the IFSC code is a standard part of setting up and making digital fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:

1. Add Beneficiary: Before you can send money, you usually need to add the recipient as a beneficiary in your banking app or net banking portal.
2. Enter Bank Details: During this process, you will be asked for the recipient’s bank name, branch name, account number, and the crucial IFSC code. For the Bihar Gramin Bank SHEIKHPURA branch, you would enter “Bihar Gramin Bank” as the bank name and PUNB0MBGB06 as the IFSC code.
3. Verify Details: Most banking systems automatically verify the bank and branch name once you enter the IFSC code. Always double-check that the displayed branch matches the intended recipient’s branch (SHEIKHPURA, Nawada in this case).
4. Initiate Transfer: Once the beneficiary is added and verified, you can select them for your NEFT, RTGS, or IMPS transaction, enter the amount, and proceed with the transfer.

For example, if you need to send money to someone with an account at the Bihar Gramin Bank, SHEIKHPURA branch, you would input their account number along with the IFSC PUNB0MBGB06 into your online banking platform.

Benefits of Knowing the IFSC Code

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

• It allows for swift and secure online money transfers via NEFT, RTGS, and IMPS.
• It ensures that funds are credited to the correct bank and branch, reducing the risk of transfer errors.
• It is mandatory for setting up standing instructions or recurring payments to accounts in other banks.
• It simplifies the process of receiving funds from other banks, as you can provide it easily to the sender.
• It is often required for various financial activities beyond just fund transfers, such as applying for loans or updating KYC details that involve inter-bank communication.

Contact Information

For any inquiries related to the SHEIKHPURA branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9771464301
• Branch Address: SHEIKHPURA, Nawada, 805103, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: Is the IFSC code mandatory for all bank transactions?
A: The IFSC code is mandatory for all electronic fund transfers like NEFT, RTGS, and IMPS between different banks. It is not required for cash deposits or withdrawals directly at a branch, or for transfers within the same bank using only an account number.

Q2: What happens if I enter the wrong IFSC code during a transfer?
A: If you enter an incorrect IFSC code, the transaction will typically fail. Most banking systems will flag the error if the IFSC code does not match the beneficiary’s bank and branch details, preventing the transfer from going through. This helps protect your funds from being sent to the wrong place.

Q3: Can I find the IFSC code on my bank passbook or cheque book?
A: Yes, the IFSC code is usually printed on your bank passbook and cheque book. It is commonly found on the first page of the passbook or on the top left corner of a cheque leaf.

Q4: Do all branches of Bihar Gramin Bank have the same IFSC code?
A: No, different branches of Bihar Gramin Bank will have different IFSC codes, specifically the last six characters (the branch code) will vary. While the first four characters (PUNB) and the fifth character (0) might be the same for all Madhya Bihar Gramin Bank branches sponsored by Punjab National Bank, the branch identifier will be unique for each location.

Q5: Can I get the IFSC code by calling the bank?
A: Yes, you can contact the Bihar Gramin Bank’s branch directly at 9771464301 or their toll-free number 18001807777. They will be able to provide you with the correct IFSC code for the specific branch you are looking for.