The SURAR branch of Bihar Gramin Bank is located in the Aurangabad district of Bihar. For anyone looking to send or receive money online to an account at this branch, the Indian Financial System Code (IFSC) is essential. This unique 11-character code identifies the specific bank branch involved in digital transactions, ensuring that funds transferred through systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) reach the correct destination without errors.
Branch Details for Bihar Gramin Bank, SURAR
| Bank Name | Bihar Gramin Bank |
| Branch Name | SURAR |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | MBGB06 |
| Branch Address | SURAR, Aurangabad, 824303, Bihar |
| Contact Number | 9771464420 |
| City | Aurangabad |
| District | Aurangabad |
| Pincode | 824303 |
| State | Bihar |
Important Merger Update
Bihar Gramin Bank was formed by the amalgamation of two former regional rural banks: Dakshin Bihar Gramin Bank (DBGB) and Uttar Bihar Gramin Bank (UBGB). Following this merger, the bank is now sponsored by Punjab National Bank (PNB). As a result, all old IFSC codes belonging to DBGB and UBGB have been discontinued and are no longer valid. For any online transaction, you must use the new IFSC code, which starts with ‘PUNB’. The correct and current IFSC code for the SURAR branch is PUNB0MBGB06. Using an old code will cause your transaction to fail.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. This code helps to identify the originating and destination bank branches, ensuring transactions are routed correctly.
The structure of the IFSC code can be broken down easily. Let’s use PUNB0MBGB06 as an example:
- First 4 characters (PUNB): These letters represent the bank’s name. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
- Fifth character (0): This is always a zero. It is a control character reserved for future use.
- Last 6 characters (MBGB06): This part is the unique identifier for the specific branch. For the SURAR branch, this code is ‘MBGB06’.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for online banking is a straightforward process. Whether you are using NEFT, RTGS, or IMPS, the steps are largely the same. You will need the recipient’s name, account number, and the correct IFSC code.
- Log in to your bank’s internet banking portal or mobile banking application.
- Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
- Select the option to add a new beneficiary or payee.
- Enter the beneficiary’s details, including their name, bank account number, and the IFSC code of their branch (PUNB0MBGB06 for the SURAR branch).
- Double-check all the details to ensure they are accurate. A wrong IFSC code is a common reason for failed transactions.
- Once the beneficiary is added and confirmed, you can initiate the transfer by entering the amount and authenticating the transaction.
Benefits of Using the Correct IFSC Code
Knowing and using the correct IFSC code offers several practical benefits for your banking needs:
- Accuracy: It eliminates guesswork by pinpointing the exact bank branch, ensuring your money goes to the right place.
- Speed: It enables automated processing of transactions, which makes fund transfers faster and more efficient.
- Error Reduction: Using the correct code significantly reduces the chances of a transaction failing or being sent to the wrong account.
- Security: The code is a key part of the secure financial network managed by the RBI, adding a layer of verification to electronic payments.
Contact Information
If you need further assistance, you can contact the branch directly or reach out to the bank’s head office.
- Branch Contact Number: 9771464420
- Branch Address: SURAR, Aurangabad, 824303, Bihar
- Head Office Address: Shri Vishnu Commercial Complex, Asochak, Patna-800030, Bihar
- Toll-Free Number: 1800-180-7777
Frequently Asked Questions (FAQs)
1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. After the merger, all old IFSC codes from DBGB and UBGB are invalid. You must use the new IFSC code starting with ‘PUNB’, which for the SURAR branch is PUNB0MBGB06.
2. What happens if I enter the wrong IFSC code during a transaction?
If the IFSC code you enter does not exist, the transaction will be rejected by the banking system. If the code exists but belongs to a different branch, the funds might be delayed or credited to the wrong branch, requiring you to follow up with the bank to resolve it.
3. Is the IFSC code the same for all branches of Bihar Gramin Bank?
No. While the first four letters (‘PUNB’) are common for all Bihar Gramin Bank branches, the last six characters are unique to each specific branch. Always verify the code for the exact branch you are dealing with.
4. Where can I find the IFSC code for my branch?
You can find the IFSC code printed on your bank-issued chequebook and the first page of your passbook. It is also available on the bank’s official website or by contacting your branch directly.
5. What is the difference between an IFSC code and a MICR code?
The IFSC code is used for electronic fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf and is used primarily for the automated processing of cheques.
Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.