Bihar Gramin Bank CHANDI IFSC Code

The CHANDI branch of Bihar Gramin Bank is located in the Bhojpur district of Bihar. For anyone looking to send or receive money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is required for all online fund transfers in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code ensures that your money is routed correctly and securely to the intended bank branch, preventing errors and delays.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	CHANDI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	CHANDI, Bhojpur, 802161, 9771464024
Contact Number	9771464024
City	Bhojpur
District	Bhojpur
Region	ARA
Pincode	802161
State	Bihar

Merger and IFSC Code Update

Previously, Bihar’s regional rural banking landscape included two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single entity, now known as Bihar Gramin Bank, which is sponsored by Punjab National Bank (PNB).

As a result of this merger, the old IFSC codes used by UBGB and DBGB branches are no longer valid. All branches under the newly formed Bihar Gramin Bank now use a unified IFSC code: PUNB0MBGB06. It is critical to use only this new code for all transactions to ensure they are processed successfully. Any attempt to use an old, revoked IFSC code will result in a failed transaction.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in the electronic funds transfer network. The code has a specific structure that helps identify the bank and its branch.

Let’s break down the IFSC code PUNB0MBGB06:

• PUNB: The first four letters represent the name of the bank. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank of Bihar Gramin Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters represent the specific branch code. For Bihar Gramin Bank, this part identifies the branch within the network.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.

1. Log in to your internet banking or mobile banking application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section and select the transfer type (NEFT, RTGS, or IMPS).
3. Add a new beneficiary (the person you want to send money to).
4. You will be prompted to enter the beneficiary’s details, including their name, account number, and the IFSC code of their bank branch.
5. Enter PUNB0MBGB06 in the IFSC code field for the CHANDI branch of Bihar Gramin Bank.
6. Double-check all the details, enter the amount, and confirm the transaction.

Benefits of Using the Correct IFSC Code

• Accuracy: The primary benefit is ensuring your money reaches the exact intended bank branch without any misdirection.
• Error Prevention: It eliminates the possibility of funds being sent to the wrong account due to similar branch names in different locations.
• Faster Processing: Correct IFSC codes enable automated systems to process transactions quickly and efficiently, reducing delays.
• Security: It adds a layer of verification to the fund transfer process, making transactions more secure.

Contact Information

For any queries or assistance, you can contact the branch directly or reach out to the head office.

CHANDI Branch
Phone: 9771464024
Address: CHANDI, Bhojpur, Bihar – 802161

Bihar Gramin Bank Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
Toll-Free Number: 18001807777

Frequently Asked Questions

1. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. After the merger, all old IFSC codes for both DBGB and UBGB have been deactivated. You must use the new, unified IFSC code PUNB0MBGB06 for all transactions to be successful.

2. What happens if I accidentally enter the wrong IFSC code?
If you enter an invalid IFSC code, the transaction will be rejected by the banking system. If you enter a valid but incorrect code (for a different branch), the funds might be delayed or sent to the wrong branch, requiring you to follow up with the bank to resolve the issue.

3. Is the IFSC code the same for all branches of Bihar Gramin Bank?
Following the merger, PUNB0MBGB06 serves as the primary IFSC code for transactions related to Bihar Gramin Bank. However, it is always a good practice to verify the exact code for the specific destination branch from a reliable source like the bank’s passbook or official website.

4. What is the difference between an IFSC code and a MICR code?
An IFSC code is used for online fund transfers like NEFT, RTGS, and IMPS. A MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf, used for the physical clearing and processing of cheques.

5. Where can I find the IFSC code of my bank branch?
You can find the IFSC code printed on your bank’s chequebook and passbook. It is also available on the official website of the bank or on the RBI’s website.