Bihar Gramin Bank KHAKI CHOWK(VARUNTAL) IFSC Code

If you’re looking to send or receive money to the Bihar Gramin Bank branch at KHAKI CHOWK(VARUNTAL) in Nalanda, Bihar, you’ll need its Indian Financial System Code (IFSC). This unique 11-character code is essential for all electronic fund transfers, including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, your transactions won’t go through to the intended recipient.

Bihar Gramin Bank KHAKI CHOWK(VARUNTAL) Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	KHAKI CHOWK(VARUNTAL)
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7516
Branch Address	KHAKI CHOWK(VARUNTAL), Nalanda, 801302, 7541807516
Contact Number	7541807516
City	Nalanda
District	Nalanda
Reason	BIHARSHARIF
Pincode	801302
State	Bihar

Merger Update for Bihar Gramin Bank

You might recall the names Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two regional rural banks have undergone a significant merger, officially forming Bihar Gramin Bank. This means that all branches previously operating under UBGB or DBGB, including the KHAKI CHOWK(VARUNTAL) branch, now function under the unified umbrella of Bihar Gramin Bank. This new entity is sponsored by Punjab National Bank (PNB).

It is crucial to understand that all old IFSC codes belonging to Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. For any transaction involving Bihar Gramin Bank, you must use the new, standardized IFSC code: PUNB0MBGB06. Using an old or incorrect IFSC code will result in your transaction failing. Always double-check this code for accurate fund transfers.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alpha-numeric code that uniquely identifies every bank branch participating in online money transfers. It helps direct your funds to the correct branch and bank.

Let’s break down the structure using the example of PUNB0MBGB06:

• The first four characters represent the bank name. In this case, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always “0” (zero). This is reserved for future use and acts as a control character.
• The last six characters identify the specific branch. “MBGB06” refers to the KHAKI CHOWK(VARUNTAL) branch of Bihar Gramin Bank.

This unique identification ensures that your money reaches the right place quickly and securely.

How to Use an IFSC Code

When performing an online fund transfer, the IFSC code is one of the most important pieces of information you’ll need. Here’s how it’s typically used:

For NEFT (National Electronic Funds Transfer):

1. Log in to your internet banking portal or mobile banking app.
2. Select the “Fund Transfer” option and then “NEFT.”
3. Add a new beneficiary (if not already added).
4. Enter the beneficiary’s name, account number, and the correct IFSC code (PUNB0MBGB06 for KHAKI CHOWK(VARUNTAL) branch).
5. Specify the amount you wish to transfer.
6. Confirm the details and proceed with the transfer.

For RTGS (Real Time Gross Settlement):

1. Access your internet banking or mobile banking service.
2. Choose the “Fund Transfer” option and then “RTGS.”
3. Add or select the beneficiary.
4. Provide the beneficiary’s name, account number, and the IFSC code (PUNB0MBGB06).
5. Enter the transfer amount (RTGS typically has a higher minimum transfer limit).
6. Review all details before authorizing the transaction.

For IMPS (Immediate Payment Service):

1. Open your mobile banking app or UPI app.
2. Select the “IMPS” option or “Send Money.”
3. You might have options like “Account + IFSC” or “Mobile Number + MMID.” Choose “Account + IFSC.”
4. Enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06).
5. Input the amount to be transferred.
6. Verify the beneficiary details and complete the transaction. IMPS transactions are processed instantly.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for a bank branch offers several key advantages for financial transactions:

• Ensures Accuracy: The IFSC code directs your money to the exact branch, preventing misdirected funds.
• Facilitates Online Transfers: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS, enabling quick digital transactions.
• Speed and Efficiency: Correct use of the IFSC code helps process transfers rapidly, especially with systems like IMPS and RTGS.
• Enhanced Security: By ensuring funds reach the intended recipient, it adds a layer of security to your financial dealings.
• Easy Identification: It serves as a unique identifier for bank branches across India, simplifying the process of finding and validating branch details.

Contact Information

Should you need to reach out directly to the branch or the bank’s head office, here are the details:

• Branch Phone Number: 7541807516
• Branch Address: KHAKI CHOWK(VARUNTAL), Nalanda, 801302
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What happens if I use an incorrect IFSC code for a transfer?

A: If you use an incorrect IFSC code, the transaction will likely fail. The bank’s system will not be able to match the provided code with any valid branch, and the funds will not be transferred. In most cases, the amount will be reversed to your account within a few hours or business days.

Q2: Is the IFSC code unique for every bank branch?

A: Yes, each bank branch in India participating in online fund transfers has a unique 11-character IFSC code. This ensures that money is directed precisely to the intended branch.

Q3: Can I find the IFSC code on my bank passbook or chequebook?

A: Yes, the IFSC code is typically printed on the first page of your bank passbook. It is also found on cheque leaves, usually next to the MICR code, for easy reference.

Q4: What is the difference between an IFSC code and a MICR code?

A: The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numeric code primarily used for clearing cheques. While both identify a bank branch, they serve different purposes in the banking system.

Q5: Is Bihar Gramin Bank a government bank?

A: Bihar Gramin Bank is a Regional Rural Bank (RRB). RRBs are government-sponsored banks that aim to provide banking and financial services to rural areas. They are jointly owned by the Government of India, the respective state government, and a sponsor bank. In this case, Bihar Gramin Bank is sponsored by Punjab National Bank, which itself is a public sector (government-owned) bank.