Bihar Gramin Bank Sirni Bazar IFSC Code

The Bihar Gramin Bank branch at Sirni Bazar, located in East Champaran, Bihar, serves a vital role in the financial activities of the local community. For anyone looking to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code is a unique 11-character identifier. It ensures that your funds are transferred accurately and securely to the correct bank branch. This code is essential for all major electronic fund transfer systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these transactions cannot be processed.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Sirni Bazar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100255
Branch Address	Sirni Bazar, EAST CHAMPARAN, 845425, 9297954721
Contact Number	9297954721
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845425
State	Bihar

Merger Update

Bihar Gramin Bank was formed through the merger of several regional rural banks, including the erstwhile Uttar Bihar Gramin Bank and Madhya Bihar Gramin Bank. This reorganization led to a standardized system for banking operations across its branches, including the one at Sirni Bazar. The bank is sponsored by Punjab National Bank. As a result of these mergers, the official IFSC code for Bihar Gramin Bank, like PUNB0MBGB06, has been established to serve the unified entity. This means that any older IFSC codes previously associated with the individual merged banks, such as those from Uttar Bihar Gramin Bank, are now revoked and no longer valid for transactions. To ensure successful electronic fund transfers, only the current and unified IFSC code, PUNB0MBGB06, should be used.

What is an IFSC Code?

The IFSC code, or Indian Financial System Code, is a unique 11-character alphanumeric code. It identifies every bank branch in India participating in electronic funds transfers. This code is crucial for directing funds to the precise branch. The structure of the code is easy to understand:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps maintain uniqueness.
• The last six characters are numerical. They specifically identify the individual branch. For the Sirni Bazar branch, these digits are “MBGB06”. The “MBGB” portion often indicates a legacy from Madhya Bihar Gramin Bank, reflecting the bank’s history.

So, for the Sirni Bazar branch, PUNB0MBGB06 uniquely identifies it within the banking system.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making electronic fund transfers. Whether you are sending money via NEFT, RTGS, or IMPS, the steps are generally similar:

1. Gather Recipient Details: First, you need the full details of the person or entity you are sending money to. This includes their full name, account number, account type (savings or current), and the bank’s name.
2. Obtain the Correct IFSC Code: The most important detail is the correct IFSC code for the recipient’s bank branch. For the Bihar Gramin Bank, Sirni Bazar branch, it is PUNB0MBGB06. Always double-check this code, as an incorrect one can lead to transaction failure or funds being sent to the wrong account.
3. Initiate the Transfer: Log in to your net banking portal or mobile banking app. Select the option for fund transfer (NEFT, RTGS, or IMPS).
4. Add Beneficiary: If you haven’t transferred money to this recipient before, you will need to add them as a beneficiary. Input their account number, account holder’s name, and the IFSC code (PUNB0MBGB06 for Sirni Bazar).
5. Confirm Details and Amount: After adding the beneficiary, select them for the transfer. Enter the amount you wish to send. Carefully review all the details – recipient’s name, account number, and IFSC code – to prevent errors.
6. Authorize Transaction: Complete the transfer by entering your transaction password or OTP (One-Time Password) as required by your bank.

For RTGS, which is for large-value transactions (typically above Rs. 2 lakh), the transfer is processed individually and in real-time. NEFT transactions are processed in batches throughout the day, while IMPS offers instant, 24/7 transfers for smaller amounts.

Benefits of Knowing Your IFSC Code

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

• Facilitates Electronic Transfers: It is mandatory for all NEFT, RTGS, and IMPS transactions, allowing for quick and efficient money movement.
• Ensures Accuracy: The unique 11-character code directs funds to the precise branch, significantly reducing the chances of errors during transfers.
• Speeds Up Transactions: With the correct IFSC, banks can process electronic payments much faster than traditional methods like cheques.
• Enhances Security: The system uses IFSC to verify the recipient’s bank and branch, adding a layer of security to your financial transactions.
• Required for Online Shopping & Bill Payments: Many online services and merchants require an IFSC code if you choose to pay directly from your bank account.
• Essential for Salary Deposits: For employees whose salaries are disbursed via direct bank transfer, providing the correct IFSC is a fundamental requirement.

Contact

For any inquiries or assistance regarding the Bihar Gramin Bank, Sirni Bazar branch, you can use the following contact details:

• Branch Phone Number: 9297954721
• Branch Address: Sirni Bazar, EAST CHAMPARAN, 845425
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some commonly asked questions about the IFSC code for Bihar Gramin Bank:

Q1: What does PUNB0MBGB06 stand for?
A1: PUNB0MBGB06 is the Indian Financial System Code for the Bihar Gramin Bank, Sirni Bazar branch. “PUNB” indicates Punjab National Bank, its sponsor. The “0” is a control character, and “MBGB06” identifies this specific branch, often referencing its historical lineage from Madhya Bihar Gramin Bank (MBGB).

Q2: Is PUNB0MBGB06 the IFSC code for all Bihar Gramin Bank branches?
A2: No, PUNB0MBGB06 is specific to the Sirni Bazar branch. While the first five characters (PUNB0) are common for many Bihar Gramin Bank branches sponsored by Punjab National Bank, the last six characters (MBGB06) are unique to each individual branch. You must use the specific IFSC code for the exact branch where the recipient holds an account.

Q3: My passbook has an old IFSC code for Uttar Bihar Gramin Bank. Can I still use it?
A3: No. Due to the merger that formed Bihar Gramin Bank, all old IFSC codes belonging to the erstwhile Uttar Bihar Gramin Bank or Madhya Bihar Gramin Bank have been revoked. You must use the new and valid IFSC code, such as PUNB0MBGB06 for the Sirni Bazar branch, for any electronic fund transfers.

Q4: What types of transactions require an IFSC code?
A4: The IFSC code is mandatory for all electronic fund transfers within India. This includes National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It is also often required for online payments or setting up direct debits.

Q5: How can I find the correct IFSC code for another Bihar Gramin Bank branch?
A5: You can find the correct IFSC code by checking the bank’s official website, your bank passbook or cheque book, or by visiting any Bihar Gramin Bank branch. Reputable third-party financial websites also list IFSC codes, but always cross-reference the information for accuracy.