Bihar Gramin Bank Tola Chandan IFSC Code

Bihar Gramin Bank Tola Chandan IFSC Code

by

Bihar Gramin Bank Tola Chandan IFSC Code

Tola Chandan is a village/town in Banka district, Bihar. This branch serves local residents and businesses for deposits, withdrawals, and fund transfers. For electronic transfers (NEFT, RTGS, IMPS) the correct IFSC code is essential. The IFSC routes your payment to the correct bank and branch. Using the right code speeds transfers and reduces the chance of failed or misdirected payments.

Branch Details

Bank Name Bihar Gramin Bank
Branch Name Tola Chandan
IFSC Code PUNB0MBGB06
MICR Code 800811002
Branch Code 3718
Branch Address Tola Chandan, Banka, 814131, 7061102703
Contact Number 7061102703
City Banka
District Banka
Reason BHAGALPUR
Pincode 814131
State Bihar

Merger Update

Punjab National Bank now uses the single IFSC code PUNB0MBGB06 for branches that belonged to Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). If this Tola Chandan branch was previously under UBGB or DBGB, the old UBGB/DBGB IFSC codes are revoked. Only the new IFSC PUNB0MBGB06 is valid for NEFT, RTGS and IMPS transactions. Always use the updated PUNB0MBGB06 when adding beneficiaries or instructing transfers.

What is IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a bank branch in electronic payment systems.

  • First 4 characters – bank code (alphabetic). Example: PUNB = Punjab National Bank.
  • 5th character – reserved and is 0 (zero).
  • Last 6 characters – branch identifier (alphanumeric) that uniquely points to a branch. In this case: MBGB06 combined with the prefix gives PUNB0MBGB06.

How to Use IFSC Code

  • Open your bank’s internet banking or mobile app. You can also visit the branch or use your bank’s branch counter.
  • Choose “Funds Transfer” or “Add Beneficiary”.
  • Enter beneficiary name, account number and the IFSC: PUNB0MBGB06.
  • Save beneficiary. The bank will usually validate the IFSC and account details. Some banks require beneficiary activation (may take minutes to hours).
  • Select transfer type:
    • IMPS – instant, 24×7 for smaller urgent payments.
    • NEFT – for regular transfers; currently operates round-the-clock; settlement is near real-time but may vary by bank.
    • RTGS – for high-value transfers (typically ₹2,00,000 and above); usually immediate settlement.
  • Enter amount and authorize the transaction with OTP or transaction password.
  • Keep transaction reference for tracking or dispute resolution.

Benefits of Knowing the IFSC

  • Ensures funds reach the correct bank branch without delay.
  • Required to add a beneficiary in internet banking and mobile apps.
  • Reduces risk of transfer failures and reversals.
  • Helps customer service locate transactions faster if you need help.
  • Useful for filling forms that require precise bank-branch identification (salaries, vendor payments, government transfers).

Contact

Branch phone no: 7061102703
Branch Address: Tola Chandan, Banka, 814131
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777

FAQs

  • Q: Is PUNB0MBGB06 the only valid IFSC for this branch?

    A: Yes. After the merger and re-badging under Punjab National Bank, PUNB0MBGB06 is the valid IFSC. Old UBGB/DBGB IFSCs have been revoked and should not be used.

  • Q: What if I enter the wrong IFSC while making a transfer?

    A: If the IFSC does not match the account number and bank, the transfer may fail or be returned. If it goes to a different account, recovery can be time-consuming and requires bank intervention. Always verify the IFSC and account number before sending funds.

  • Q: Where can I find the IFSC on physical documents?

    A: The IFSC appears on cheque leaves and passbooks. You can also confirm it at the branch or on a printed bank statement. For merged banks, rely on the bank’s latest communication or the branch for updated IFSC.

  • Q: Which code is MICR and how is it different from IFSC?

    A: MICR (Magnetic Ink Character Recognition) code, here 800811002, is a 9-digit code used mainly for cheque clearing by the clearinghouse. IFSC is used for electronic fund transfers (NEFT/RTGS/IMPS). They serve different clearing systems.

  • Q: What is the branch code 3718 used for?

    A: Branch code 3718 is an internal identifier for the branch. It may appear as part of the IFSC or be used in bank records and administrative systems.

Leave a Comment