Bihar Gramin Bank Khartari Tola IFSC Code

The Bihar Gramin Bank branch in Khartari Tola, located in the EAST CHAMPARAN district of Bihar, serves as an important financial hub for the local community. To handle money transfers electronically, such as through NEFT, RTGS, or IMPS, you need a specific code called the IFSC (Indian Financial System Code). This code ensures that your money goes to the correct bank branch without any errors, making online transactions safe and efficient.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Khartari Tola
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108077
Branch Address	Khartari Tola, EAST CHAMPARAN, 845415, 9297954657
Contact Number	9297954657
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845415
State	Bihar

Merger Update

For customers of Bihar Gramin Bank, it is important to understand a key change. Previously, there were two main regional rural banks in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks merged to form a single entity, the Bihar Gramin Bank, on January 1, 2019. This new bank is sponsored by Punjab National Bank.

Because of this merger, all bank branches now use a unified series of IFSC codes under the Punjab National Bank sponsorship. The Khartari Tola branch, like all other Bihar Gramin Bank branches, now uses an IFSC code starting with PUNB0MBGB. The specific IFSC code for Khartari Tola is PUNB0MBGB06.

It is crucial to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) are no longer valid. Using an old IFSC code for your transactions will cause them to fail. Always use the new, updated IFSC code, such as PUNB0MBGB06, for all your fund transfers to Bihar Gramin Bank accounts.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character code used to identify all bank branches involved in electronic money transfers within India. It is a unique identifier that helps ensure that your funds reach the correct recipient branch.

The code is structured in a specific way:

• The first four characters represent the bank name. For Bihar Gramin Bank (sponsored by Punjab National Bank), this part is typically PUNB.
• The fifth character is always zero (0). This digit is reserved for future use and helps distinguish between the bank code and the branch code.
• The last six characters identify the specific bank branch. For the Khartari Tola branch, these are MBGB06.

So, for Khartari Tola, the full IFSC is PUNB0MBGB06. This distinct code ensures accurate routing of your transactions.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are transferring money electronically through systems like NEFT, RTGS, or IMPS. Here’s how it generally works:

1. Log In to Your Bank: Access your online banking portal or mobile banking app. You can also visit your bank branch and fill out a physical transfer form.
2. Select Transfer Type: Choose the type of fund transfer you want to make, such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary Details: If this is your first time sending money to this account, you will need to add a new beneficiary. This involves providing the following information:
   • Beneficiary Account Holder’s Name
   • Beneficiary Account Number (confirm it twice for accuracy)
   • Beneficiary Bank Name (Bihar Gramin Bank)
   • Beneficiary Branch Name (Khartari Tola)
   • Beneficiary IFSC Code: PUNB0MBGB06
4. Enter Transfer Amount: Specify the amount of money you wish to send.
5. Confirm and Transact: Review all the details carefully to ensure they are correct, especially the account number and IFSC code. Then, confirm the transaction.

For NEFT and RTGS, transfers are processed in batches or continuously during specific banking hours. IMPS offers instant transfers 24/7, even on holidays.

Benefits

Knowing and using the correct IFSC code offers several important benefits for secure and efficient banking:

• Accurate Fund Transfer: The IFSC code guarantees that your money is routed to the exact bank and branch you intend, minimizing errors.
• Faster Transactions: It speeds up electronic fund transfers like NEFT, RTGS, and IMPS, making transactions quicker than traditional methods.
• Security: By uniquely identifying each branch, the IFSC adds a layer of security, reducing the chances of fraud or misdirection of funds.
• Convenience: It allows you to send and receive money from anywhere, anytime, through online and mobile banking platforms, without needing to visit a physical branch.
• Nationwide Reach: Facilitates transfers between different banks and branches across India, connecting the entire banking network.

Contact

If you need to get in touch with the Khartari Tola branch of Bihar Gramin Bank or its head office, here are the contact details:

• Khartari Tola Branch Phone Number: 9297954657
• Khartari Tola Branch Address: Khartari Tola, EAST CHAMPARAN, 845415, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

FAQs

Here are some common questions about IFSC codes:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the first part of the IFSC (PUNB0MBGB) is common for all Bihar Gramin Bank branches under Punjab National Bank sponsorship. However, the last six characters are unique to each specific branch. So, the Khartari Tola branch will have a different IFSC code than other branches, even within the same district.

Q2: What happens if I use an incorrect IFSC code?
A2: If you use an incorrect IFSC code, your transaction will likely fail. The banking system will detect that the code does not match the beneficiary’s bank or branch, and the funds will not be transferred. In most cases, the money will be returned to your account. However, it’s always best to double-check to avoid delays or complications.

Q3: Do I need an IFSC code for all types of bank transfers?
A3: You need an IFSC code for electronic fund transfers like NEFT, RTGS, and IMPS when sending money to an account in a different bank or even a different branch of the same bank. For transfers between accounts within the *same* branch of the *same* bank, an IFSC code might not be strictly required, but it’s often requested as standard practice in online banking interfaces.

Q4: Can I find the IFSC code on my passbook or chequebook?
A4: Yes, the IFSC code is usually printed on your bank passbook and on the top left corner of your chequebook leaves. It is a reliable place to find the correct code for your own branch. You can also find it on your bank’s official website or through online IFSC lookup tools.

Q5: What is the difference between IFSC and MICR code?
A5: Both are unique bank codes. The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS) between banks. The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheque leaves using special magnetic ink. It is primarily used for processing cheques and for clearing purposes.