Bihar Gramin Bank Simri Bakhtiarpur IFSC Code

Simri Bakhtiarpur, a key location in the Saharsa district of Bihar, relies on efficient banking services. For anyone looking to transfer funds electronically to an account at the Bihar Gramin Bank branch here, understanding the IFSC code is essential. This unique code is crucial for all inter-bank electronic transactions in India, including NEFT, RTGS, and IMPS. It ensures that your money reaches the correct bank and branch without any issues.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Simri Bakhtiarpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100820
Branch Address	Simri Bakhtiarpur, SAHARSA, 852128, 9297954279
Contact Number	9297954279
City	SAHARSA
District	SAHARSA
Pincode	852128
State	Bihar

Merger Update

For branches that were formerly part of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it is important to note a significant change. Both of these banks have now merged. As a result of this merger, and being sponsored by Punjab National Bank (PNB), a unified IFSC code is now in use for many of these regional rural bank branches in Bihar. The code PUNB0MBGB06 is assigned under the umbrella of Punjab National Bank, reflecting this consolidation.

This means that any old IFSC codes previously associated with Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) have been revoked. They are no longer valid for any electronic fund transfers. To ensure your transactions are successful, you must only use the new, consolidated IFSC code, such as PUNB0MBGB06, for all future banking operations.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to identify all bank branches participating in online banking. It is crucial for electronic fund transfers. Let’s break down its structure using PUNB0MBGB06 as an example:

• 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 ‘0’ (zero). This character is reserved for future use and acts as a control digit.
• The last six characters (MBGB06) identify the specific bank branch. ‘MBGB’ often refers to Madhya Bihar Gramin Bank, indicating the regional rural bank itself, and ’06’ points to the specific branch within that bank’s network, in this case, Simri Bakhtiarpur.

How to Use an IFSC Code

Using the IFSC code is straightforward when you’re performing an electronic fund transfer. Here’s how it works for different types of transactions:

• NEFT (National Electronic Funds Transfer): This system processes transactions in batches. You would typically enter the beneficiary’s name, account number, account type, and the IFSC code (PUNB0MBGB06 for Simri Bakhtiarpur) when initiating a transfer through your bank’s online portal or mobile app.
• RTGS (Real Time Gross Settlement): RTGS is designed for large-value transactions, where funds are transferred in real-time on a one-to-one basis. Similar to NEFT, you’ll need the beneficiary’s details, including their account number and the correct IFSC code, to complete an RTGS transfer.
• IMPS (Immediate Payment Service): IMPS offers instant 24/7 inter-bank electronic fund transfers. For IMPS, you’ll provide the beneficiary’s Mobile Money Identifier (MMID) and mobile number, or their account number and the IFSC code (PUNB0MBGB06).

Always double-check the IFSC code before confirming a transaction. An incorrect code can lead to delays or, in rare cases, funds being sent to the wrong account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch, or for the beneficiary’s branch, offers several important benefits:

• Ensures Accurate Transfers: It guarantees that your money is routed to the exact bank and branch it is intended for, preventing misdirection of funds.
• Facilitates Online Transactions: It is a mandatory requirement for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, enabling seamless online banking.
• Saves Time: With the correct IFSC, transactions are processed quickly and efficiently, reducing the need for manual verification or intervention.
• Increases Security: The unique identification helps in tracking transactions and adds a layer of security to electronic payments.
• Prevents Errors: Using the precise code minimizes the chances of errors that could occur with incorrect branch identification.

Contact Section

For inquiries related to the Simri Bakhtiarpur branch or general banking services, you can use the following contact details:

• Branch Phone Number: 9297954279
• Branch Address: Simri Bakhtiarpur, SAHARSA, 852128
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about IFSC codes:

Q1: What is an IFSC Code and why is it important?
An IFSC Code is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in electronic fund transfers. It’s crucial because it ensures that money transferred via NEFT, RTGS, or IMPS goes to the correct bank and specific branch, making transactions fast and secure.

Q2: Can I use an old IFSC code for Bihar Gramin Bank after the merger?
No, if your branch was previously part of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), their old IFSC codes are now invalid. You must use the new, consolidated IFSC code, such as PUNB0MBGB06, for all electronic fund transfers.

Q3: Is the IFSC code mandatory for all bank transactions?
The IFSC code is mandatory for all inter-bank electronic fund transfers within India, specifically NEFT, RTGS, and IMPS. For transactions within the same bank or cash deposits/withdrawals, it might not be explicitly required, but it’s always good to know.

Q4: Where can I find the correct IFSC code for my branch?
You can usually find the IFSC code printed on your bank’s cheque book, passbook, or account statement. It is also available on the bank’s official website, through their mobile banking app, or by contacting customer service. Reliable third-party financial websites also list these codes.

Q5: What should I do if I enter an incorrect IFSC code during a transaction?
If you enter an incorrect IFSC code, the transaction will usually fail and be reversed to your account. However, in rare cases where the incorrect code corresponds to another valid branch, the funds might be credited to the wrong account. If this happens, you should immediately contact your bank’s customer service for assistance.