Bihar Gramin Bank Shikarpur IFSC Code

The Bihar Gramin Bank branch in Shikarpur, located in the SARAN district of Bihar, serves as an important financial hub for the local community. When you need to send or receive money electronically, understanding details like the Indian Financial System Code (IFSC) is crucial. The IFSC code acts like a unique digital address for bank branches, making sure your funds reach the correct recipient quickly and securely through systems like NEFT, RTGS, and IMPS.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Shikarpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100589
Branch Address	Shikarpur, SARAN, 845105, 9297955284
Contact Number	9297955284
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	845105
State	Bihar

Merger Update for Bihar Gramin Bank

The banking landscape for Regional Rural Banks in Bihar has seen significant changes. Previously, there were Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have merged to form a single, larger entity known as Madhya Bihar Gramin Bank (MBGB). This new bank operates under the sponsorship of Punjab National Bank (PNB).

As a result of this merger, all branches that previously belonged to UBGB or DBGB, including branches like Bihar Gramin Bank Shikarpur, now function under the Madhya Bihar Gramin Bank umbrella. Consequently, all older IFSC codes associated with Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked and are no longer valid for transactions. For any fund transfers to or from the Shikarpur branch, or any other branch of the newly formed Madhya Bihar Gramin Bank, you must use the new, unified IFSC code: PUNB0MBGB06. This ensures that your transactions are processed correctly and without delays.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch in India. It’s essential for electronic fund transfers. Understanding its structure can make it easier to verify its authenticity:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring 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. For PUNB0MBGB06, “MBGB06” points to a particular branch of Madhya Bihar Gramin Bank.

This standardized structure helps prevent errors and ensures that money is routed to the exact branch intended.

How to Use an IFSC Code for Fund Transfers

When you need to send money electronically using services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code is a mandatory piece of information. Here’s a general guide on how to use it:

1. Gather Beneficiary Details: Before initiating a transfer, make sure you have the recipient’s bank account number, their full name, and the correct IFSC code for their bank branch.
2. Log into Your Banking Portal: Access your net banking account or mobile banking app.
3. Navigate to Fund Transfer: Look for sections like “Fund Transfer,” “Payments,” or “Transfer Money.”
4. Add Beneficiary (If New): If you’re sending money to this recipient for the first time, you’ll need to add them as a new beneficiary. You’ll be prompted to enter their account number, account holder’s name, and the IFSC code. Some banks might ask you to re-confirm the IFSC code or account number.
5. Select Transfer Type: Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
   • NEFT: Best for non-urgent transfers. Funds are processed in batches.
   • RTGS: For large, urgent transfers (usually above ₹2 lakhs). Funds are settled individually and immediately.
   • IMPS: For immediate, smaller transfers, available 24/7.
6. Enter Amount and Confirm: Input the amount you wish to transfer and confirm all the details. You might receive an OTP (One Time Password) to authorize the transaction.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong account.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for your bank branch, like the Bihar Gramin Bank Shikarpur branch, offers several important benefits:

• Facilitates Electronic Transfers: It is essential for all online fund transfers (NEFT, RTGS, IMPS), ensuring smooth and quick movement of money.
• Ensures Accuracy: The unique nature of the code helps direct funds to the exact branch, minimizing errors in transactions.
• Reduces Delays: Correct IFSC information prevents transaction failures or delays that can occur due to incorrect bank details.
• Simplifies Bill Payments: Many online bill payment services and e-commerce platforms require the IFSC code for direct bank transfers.
• Required for Financial Applications: It is often needed when applying for loans, opening new accounts, or dealing with investments that involve direct bank transfers.

Contact Information

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

• Branch Phone Number: 9297955284
• Branch Address: Shikarpur, SARAN, 845105, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

Frequently Asked Questions

Q1: Is “Bihar Gramin Bank” the same as “Madhya Bihar Gramin Bank”?
A: After a series of mergers involving Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, the new merged entity is Madhya Bihar Gramin Bank. So, while the Shikarpur branch may be locally known as Bihar Gramin Bank, it now officially operates under the Madhya Bihar Gramin Bank structure. For all electronic transactions, use the IFSC code associated with Madhya Bihar Gramin Bank.

Q2: What happens if I use an old IFSC code for UBGB or DBGB?
A: If you attempt to use an old IFSC code for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will likely fail. The old codes have been revoked, and only the new unified IFSC code (PUNB0MBGB06) for Madhya Bihar Gramin Bank is valid for electronic transfers.

Q3: Can I transfer money to the Shikarpur branch using only the account number?
A: No, for electronic transfers like NEFT, RTGS, or IMPS, you always need both the recipient’s bank account number and the correct IFSC code. The IFSC code ensures the money goes to the specific branch.

Q4: Is the IFSC code valid for international transfers?
A: No, the IFSC code is specifically for domestic electronic fund transfers within India. For international transfers, you would typically need a SWIFT code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code).

Q5: Where can I find the IFSC code if I don’t have it?
A: You can usually find the IFSC code on your bank passbook, checkbook, or by logging into your bank’s official website or mobile banking app. Reliable third-party financial websites also list IFSC codes, but always cross-verify with official bank sources.