Bihar Gramin Bank Simarwara IFSC Code

Bihar Gramin Bank’s Simarwara branch is located in the Vaishali district of Bihar, with the postal code 843114. For anyone looking to send or receive money electronically to or from this branch, knowing the Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address, enabling secure and accurate fund transfers through services like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, these modern banking transactions cannot be completed.

Branch Details

Here are the key details for the Bihar Gramin Bank Simarwara branch:

Bank Name	Bihar Gramin Bank
Branch Name	Simarwara
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100063
Branch Address	Simarwara, VAISHALI, 843114, 9297955045
Contact Number	9297955045
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	843114
State	Bihar

Merger Update

Bihar Gramin Bank itself is a product of significant mergers in the regional rural banking sector. It was formed by the amalgamation of Madhya Bihar Gramin Bank and Bihar Kshetriya Gramin Bank. This means that the bank, including its Simarwara branch, operates under a consolidated structure, providing streamlined services to its customers.

The IFSC code for the Simarwara branch, PUNB0MBGB06, reflects this history and current sponsorship. The “PUNB0” part indicates that Punjab National Bank is the sponsoring bank for Bihar Gramin Bank, while “MBGB” traditionally refers to Madhya Bihar Gramin Bank, one of its predecessor entities. It is crucial to remember that PUNB0MBGB06 is the only valid IFSC code for electronic transactions to and from the Simarwara branch of Bihar Gramin Bank.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is a unique, 11-character alphanumeric code used to identify every bank branch in India participating in the NEFT, RTGS, and IMPS networks. It’s a critical tool for ensuring that your money reaches the correct recipient and branch without errors.

The structure of the IFSC code is straightforward:

• The first four characters are alphabetic and represent the bank’s name. 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 helps distinguish bank codes from branch codes.
• The last six characters are alphanumeric and uniquely identify the specific bank branch. In our example, “MBGB06” identifies the Simarwara branch within the Bihar Gramin Bank system.

How to Use an IFSC Code

Using the IFSC code is simple when you’re making electronic fund transfers. Here’s a general guide for NEFT, RTGS, and IMPS:

1. Log In to Your Bank’s Online Portal or Mobile App: Access your internet banking account or mobile banking application.
2. Navigate to Fund Transfer Section: Look for options like “Fund Transfer,” “Payments,” or “Send Money.”
3. Select Transfer Type: Choose whether you want to perform an NEFT, RTGS, or IMPS transaction.
4. Add Beneficiary (If New): If you haven’t sent money to this recipient before, you’ll need to add them as a new beneficiary. This usually involves providing:
   • Beneficiary Name
   • Beneficiary Account Number
   • Confirm Beneficiary Account Number
   • Bank Name (e.g., Bihar Gramin Bank)
   • Branch Name (e.g., Simarwara)
   • The IFSC Code: PUNB0MBGB06
5. Enter Amount and Remarks: Specify the amount you wish to transfer and add an optional remark for your records.
6. Confirm and Authorize: Review all the details carefully, especially the account number and IFSC code, before confirming the transaction. You might need to enter an OTP (One-Time Password) or transaction password to authorize the transfer.

For cash deposits or withdrawals at the branch, you do not need the IFSC code. It is only required for digital transfers between different banks.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for the Bihar Gramin Bank Simarwara branch offers several key advantages:

• Accurate Fund Transfers: Ensures your money goes to the exact recipient account and branch, preventing errors and delays.
• Enabled Electronic Transactions: It is mandatory for using NEFT, RTGS, and IMPS services, allowing you to send or receive money quickly and conveniently.
• Time-Saving: Speeds up the process of setting up new beneficiaries for online banking.
• Security: Adds an extra layer of verification, reducing the risk of fraudulent transfers.
• Convenience: Facilitates banking from anywhere, at any time, without needing to visit a physical branch for transfers.
• Receiving Payments: If someone needs to send you money to your Bihar Gramin Bank Simarwara account, they will need this IFSC code.

Contact Information

Should you need to reach out to the Bihar Gramin Bank Simarwara branch or its head office, here are the details:

• Branch Phone Number: 9297955045
• Branch Address: Simarwara, VAISHALI, 843114, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 specific to the Simarwara branch only?

A: Yes, each bank branch in India has a unique IFSC code. PUNB0MBGB06 identifies only the Bihar Gramin Bank Simarwara branch for electronic fund transfers.

Q2: Can I use the IFSC code for cash deposits at the branch?

A: No, the IFSC code is specifically for electronic fund transfers like NEFT, RTGS, and IMPS. For cash deposits or withdrawals at the branch counter, you typically only need the account number and, in some cases, a deposit slip.

Q3: What should I do if the IFSC code I have for Bihar Gramin Bank Simarwara branch is different from PUNB0MBGB06?

A: Always verify the latest IFSC code. Bank mergers, reorganizations, or system updates can sometimes lead to changes. It is best to use the code provided here or verify it on the official Bihar Gramin Bank website or through your bank’s customer service to ensure accuracy for your transactions.

Q4: What is the difference between IFSC and MICR codes?

A: The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code typically found on cheque leaves. It is mainly used for processing cheques and clearing purposes. Both codes are unique to a bank branch but serve different functions.

Q5: Is it safe to share my IFSC code?

A: Yes, it is generally safe to share your IFSC code. It does not provide access to your account or personal information. It is only used to identify your bank and branch for receiving funds. However, always be cautious about sharing your bank account number and other personal details.