Bihar Gramin Bank KHARHATAND IFSC Code

The KHARHATAND branch of Bihar Gramin Bank is located in the Buxar district of Bihar. For anyone looking to send or receive money through this specific branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code acts like a digital address, ensuring that online fund transfers using systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are routed correctly and securely to the intended bank branch. Without the correct IFSC, electronic transactions can fail or be significantly delayed.

Branch Details for Bihar Gramin Bank, KHARHATAND

Bank Name	Bihar Gramin Bank
Branch Name	KHARHATAND
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	KHARHATAND, Buxar, 802120, 7781004488
Contact Number	7781004488
City	Buxar
District	Buxar
Region	BHABHUA
Pincode	802120
State	Bihar

Important Merger Update

Bihar Gramin Bank was formed through the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As a result of this amalgamation and sponsorship by Punjab National Bank (PNB), all branches now operate under a unified system. All old IFSC codes belonging to the former UBGB and DBGB have been discontinued and are no longer valid. For any transaction to the KHARHATAND branch, you must use the new, official IFSC code: PUNB0MBGB06. Using an outdated code will result in a failed transaction.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 KHARHATAND branch IFSC code, PUNB0MBGB06:

• PUNB: The first four alphabetic characters represent the bank’s name. In this case, it signifies Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• 0: The fifth character is always a zero. It is reserved for future use by the RBI.
• MBGB06: The last six characters identify the specific branch. For this branch, it is MBGB06. This part of the code is unique to the KHARHATAND branch within the bank’s 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 a web portal, the steps are generally the same.

1. Log in to your internet banking account or mobile banking application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
3. Choose your preferred transfer method: NEFT, RTGS, or IMPS.
4. Select the option to add a new beneficiary or payee.
5. Enter the recipient’s details, including their name, account number, and account type (savings or current).
6. In the designated field, carefully enter the IFSC code: PUNB0MBGB06.
7. Double-check all the details, especially the account number and IFSC code, before confirming the transaction.

Benefits of Using the Correct IFSC Code

• Accuracy: It ensures your money is sent to the exact bank branch intended, eliminating routing errors.
• Speed: Correct codes enable automated, faster processing of transactions without manual intervention.
• Security: It adds a layer of validation to the transaction, reducing the risk of funds being sent to an incorrect account.
• Reliability: It is a mandatory requirement for all major electronic fund transfer systems in India, making it a reliable standard for digital payments.

Contact Information

For any queries or support, you can contact the branch or the head office directly.

• Branch Contact Number: 7781004488
• Branch Address: KHARHATAND, Buxar, Bihar – 802120
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

1. What is the current and correct IFSC code for the Bihar Gramin Bank KHARHATAND branch?
The official and valid IFSC code is PUNB0MBGB06. Any previous codes associated with Dakshin Bihar Gramin Bank are no longer in use.

2. Why does the IFSC code for Bihar Gramin Bank start with ‘PUNB’?
The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. Sponsor banks provide financial and managerial support to regional rural banks, and their identifier is used in the IFSC structure.

3. What happens if I use an old or incorrect IFSC code?
If you use an incorrect IFSC code, the transaction will most likely fail, and the money will be credited back to your account within a few hours or days. In a rare scenario where the incorrect code matches another active branch, the funds could be misdirected, causing significant delays in recovery.

4. Is the IFSC code the same as the MICR code?
No, they are different. The IFSC code is used for online fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found on the bottom of a cheque leaf and is used for processing physical cheques.

5. Do I need the IFSC code for UPI transactions?
No, you do not need an IFSC code for standard UPI transactions made through a VPA (Virtual Payment Address or UPI ID). However, if you are adding a beneficiary’s bank account to your UPI app for a direct transfer, you will be required to provide the IFSC code.