Bihar Gramin Bank Kundwa Chainpur IFSC Code

The Bihar Gramin Bank branch in Kundwa Chainpur, located in East Champaran, Bihar, serves as a vital financial hub for the local community. To ensure smooth and secure electronic fund transfers, understanding the Indian Financial System Code (IFSC) is essential. Whether you are sending money through NEFT, RTGS, or IMPS, this unique code identifies the specific bank branch involved in the transaction, making sure your funds reach the correct destination without delay.

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Kundwa Chainpur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100213
Branch Address	Kundwa Chainpur, EAST CHAMPARAN, 845304
Contact Number	9297954659
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845304
State	Bihar

Merger Update

The banking landscape for Regional Rural Banks in Bihar has seen some important changes. The Bihar Gramin Bank branch in Kundwa Chainpur, like many other regional rural banks, now operates under a consolidated structure. Specifically, the IFSC code PUNB0MBGB06 indicates its connection to Madhya Bihar Gramin Bank (MBGB), which is sponsored by Punjab National Bank (PNB).

It’s important to understand that the Punjab National Bank (PNB) has taken a sponsoring role for several regional rural banks in Bihar, leading to a unified IFSC code structure. For the Kundwa Chainpur branch, this means all transactions must use PUNB0MBGB06.

Any old or previous IFSC codes associated with this branch, or with the earlier structure of “Bihar Gramin Bank” if it operated differently before, are no longer valid. For all electronic fund transfers such as NEFT, RTGS, and IMPS, only the new IFSC code PUNB0MBGB06 should be used to ensure your transactions are processed correctly.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is a unique 11-character alphanumeric code. It helps identify every bank branch in India participating in online money transfers.

Understanding its structure makes it easier to verify:

• The first four characters represent the specific bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always zero (0). This character is reserved for future use and helps distinguish between older and newer code formats.
• The last six characters identify the individual bank branch. For the Kundwa Chainpur branch, “MBGB06” specifically points to this particular branch within the Madhya Bihar Gramin Bank network.

This systematic structure ensures that every online transaction reaches its intended branch accurately, preventing errors and delays.

How to Use the IFSC Code

Using the IFSC code correctly is vital for sending or receiving money electronically through various methods. Here’s how it’s typically used:

• For NEFT (National Electronic Funds Transfer): This is a popular method for transferring funds from one bank to another. When initiating an NEFT transaction, you will need the beneficiary’s bank name, beneficiary’s account number, and the IFSC code of their specific branch. For instance, to send money to the Kundwa Chainpur branch, you would input PUNB0MBGB06.
• For RTGS (Real Time Gross Settlement): RTGS is used for high-value transactions, typically above INR 2 lakhs, and processes transfers in real-time. Similar to NEFT, you’ll need the beneficiary’s bank name, account number, and the correct IFSC code (e.g., PUNB0MBGB06 for Kundwa Chainpur).
• For IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. While you can often use a Mobile Money Identifier (MMID) and mobile number, you can also use the beneficiary’s account number and IFSC code for IMPS transfers. Again, PUNB0MBGB06 would be required for the Kundwa Chainpur branch.

Always double-check the IFSC code, along with the account number, before confirming any transaction. A small error can lead to funds being sent to the wrong account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Accurate Fund Transfers: It guarantees that your money reaches the intended beneficiary’s account and branch without issues.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and efficiently.
• Error Prevention: Reduces the chances of failed transactions or funds being misdirected due to incorrect branch identification.
• Mandatory for Online Banking: It’s a required piece of information for almost all electronic fund transfers within India.
• Easy Branch Identification: Helps you quickly identify the specific branch of any bank across India.

Contact Information

For any inquiries or assistance related to the Bihar Gramin Bank, Kundwa Chainpur branch, you can use the following details:

• Branch Phone Number: 9297954659
• Branch Address: Kundwa Chainpur, EAST CHAMPARAN, 845304, Bihar

You can also reach out to the Head Office for broader queries:

• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are answers to common questions about the IFSC code for Bihar Gramin Bank, Kundwa Chainpur branch:

Q1: Is the IFSC code for Bihar Gramin Bank Kundwa Chainpur the same as other Bihar Gramin Bank branches?

A1: No, while the first few characters (PUNB0MBGB) might be similar for branches under Madhya Bihar Gramin Bank, the last six characters are unique to each specific branch. So, the Kundwa Chainpur branch’s full IFSC code PUNB0MBGB06 is unique to it.

Q2: What happens if I use an old or incorrect IFSC code?

A2: Using an old or incorrect IFSC code will likely result in your transaction failing. The funds will either be returned to your account after a delay, or in rare cases, could be sent to a different account if the incorrect code matches an active branch. Always verify the current IFSC code.

Q3: Can I find the IFSC code on my passbook or cheque book?

A3: Yes, the IFSC code is usually printed on your bank passbook. For cheque books, it is typically found on the top left corner of each cheque leaf. However, always confirm if there have been any mergers or changes, especially for regional rural banks.

Q4: Is the MICR code also important for fund transfers?

A4: While the IFSC code is crucial for electronic fund transfers (NEFT, RTGS, IMPS), the MICR (Magnetic Ink Character Recognition) code is primarily used for processing physical cheques. It helps banks quickly identify the branch for cheque clearing purposes.

Q5: What does “PUNB0” signify in the IFSC code PUNB0MBGB06?

A5: “PUNB” represents Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank. The “0” is a control character reserved for future use, making the code standardized for electronic transactions.