Bihar Gramin Bank CHERKI IFSC Code

In the heart of Gaya district, Bihar, lies the CHERKI branch of Bihar Gramin Bank. This branch serves the local community by providing essential banking services. For any electronic fund transfers, like sending or receiving money through NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is crucial. This unique code ensures that your funds reach the intended bank account safely and quickly.

Branch Details

Here are the key details for the Bihar Gramin Bank CHERKI branch:

Bank Name	Bihar Gramin Bank
Branch Name	CHERKI
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7226
Branch Address	CHERKI, Gaya, 824234
Contact Number	9771464226
City	Gaya
District	Gaya
Pincode	824234
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, and being sponsored by Punjab National Bank (PNB), a unified IFSC code has been adopted for all its branches. The CHERKI branch now uses the IFSC code PUNB0MBGB06 for all its transactions.

It is important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank have been revoked. For any fund transfers to or from Bihar Gramin Bank, only the new IFSC code, PUNB0MBGB06, is valid. Using an old or incorrect code will result in transaction failure.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches participating in online money transfers. This code helps the banking system direct your funds to the correct branch and account. It’s a critical piece of information for digital banking.

The structure of the IFSC code is as follows:

• The first four characters represent the name of the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters identify the specific branch of the bank. In PUNB0MBGB06, “MBGB06” points to the particular branch, which is CHERKI in this case.

How to Use the IFSC Code

When you need to send money electronically using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code is a mandatory detail. Here’s a general guide on how to use it:

1. Log in to your bank’s online banking portal or mobile app: Access the section for fund transfers.
2. Select the transfer type: Choose NEFT, RTGS, or IMPS, depending on your needs. For immediate transfers of smaller amounts, IMPS is common. For larger, time-sensitive transfers, RTGS is used, while NEFT handles batch-wise transfers.
3. Add a new beneficiary: If you haven’t sent money to this account before, you will need to add them as a beneficiary.
4. Enter beneficiary details: You will need to provide the beneficiary’s name, their bank account number, and the correct IFSC code for their branch. For the CHERKI branch of Bihar Gramin Bank, this would be PUNB0MBGB06.
5. Confirm and transfer: Double-check all details, especially the account number and IFSC code, before confirming the transfer. An incorrect IFSC code can lead to transaction failure.

Benefits of Knowing the IFSC Code

Having the correct IFSC code handy offers several advantages:

• It ensures the accurate and timely transfer of funds to the intended bank account.
• It is essential for initiating electronic fund transfers like NEFT, RTGS, and IMPS.
• It helps in verifying the authenticity of a bank branch during online transactions.
• It prevents delays or failures in financial transactions caused by incorrect routing information.
• It simplifies the process of sending money across different banks, making interbank transfers smooth.

Contact Information

For any banking inquiries or assistance related to the CHERKI branch, you can use the following contact details:

• Branch Phone Number: 9771464226
• Branch Address: CHERKI, Gaya, Bihar, Pincode – 824234
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about Bihar Gramin Bank and its IFSC code:

Q1: Is PUNB0MBGB06 the only valid IFSC for Bihar Gramin Bank?
A1: Yes, after the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank, PUNB0MBGB06 is the unified and only valid IFSC code for all branches of Bihar Gramin Bank for electronic fund transfers. Any older codes are no longer in use.

Q2: What happens if I use an old IFSC code for a transfer to Bihar Gramin Bank?
A2: If you use an old or incorrect IFSC code, your transaction will most likely fail. The funds will not be transferred, and you will receive a notification of the failed transaction.

Q3: Can I find the IFSC code on my passbook?
A3: Yes, your bank passbook usually has the IFSC code printed on the first page, along with your account number and other branch details. You can also find it on your cheque book.

Q4: Is the MICR code also important for online transfers?
A4: While the IFSC code is crucial for online fund transfers (NEFT, RTGS, IMPS), the MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. It ensures the cheque is processed by the correct branch.

Q5: What is the significance of “PUNB” in the IFSC code PUNB0MBGB06?
A5: “PUNB” in the IFSC code signifies Punjab National Bank. This indicates that Bihar Gramin Bank is sponsored by Punjab National Bank, which is a common arrangement for Regional Rural Banks (RRBs) in India.