Bihar Gramin Bank CHANDNI CHOWK,NARHAT IFSC Code

In the heart of Nawada district, within the vibrant locality of CHANDNI CHOWK,NARHAT, lies a branch of Bihar Gramin Bank that serves the community’s banking needs. For anyone looking to send or receive money digitally through methods like NEFT, RTGS, or IMPS, understanding the Indian Financial System Code (IFSC) for this branch is essential. This unique code acts like a digital address, ensuring that your funds reach the correct bank and branch without any errors. It’s a key piece of information for secure and efficient electronic fund transfers.

Branch Details

Here are the important details for the Bihar Gramin Bank branch located in CHANDNI CHOWK,NARHAT:

Bank Name	Bihar Gramin Bank
Branch Name	CHANDNI CHOWK,NARHAT
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7540
Branch Address	CHANDNI CHOWK,NARHAT, Nawada, 805122, 7541807540
Contact Number	7541807540
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805122
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to understand the recent changes affecting regional rural banks in Bihar. The Bihar Gramin Bank, which includes this CHANDNI CHOWK,NARHAT branch, operates under the sponsorship of Punjab National Bank. This is a result of a consolidation process involving various regional rural banks in the state.

Specifically, older entities like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) were first merged to form Madhya Bihar Gramin Bank. Later, Madhya Bihar Gramin Bank and Bihar Gramin Bank themselves merged to form the current Bihar Gramin Bank. Because of these mergers and the sponsorship by Punjab National Bank, all branches now use a unified IFSC code structure.

Therefore, for the CHANDNI CHOWK,NARHAT branch, and indeed for all branches of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06. Any previous IFSC codes associated with UBGB, DBGB, or the earlier Madhya Bihar Gramin Bank are no longer valid for transactions. Always use PUNB0MBGB06 for all your digital fund transfers to this branch to ensure they are processed correctly.

What is an IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. This code is crucial for directing funds to the correct branch during NEFT, RTGS, and IMPS transactions. Understanding its structure can help you verify its authenticity:

• First 4 Characters: These represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• Fifth Character: This character is always ‘0’ (zero). It’s a control character reserved for future use and helps distinguish between bank codes and branch codes.
• Last 6 Characters: These identify the specific bank branch. In PUNB0MBGB06, “MBGB06” is the unique code for the CHANDNI CHOWK,NARHAT branch of Bihar Gramin Bank.

How to Use an IFSC Code

Using an IFSC code for online money transfers is straightforward. Here’s a step-by-step guide for common digital payment methods:

1. Log In: Access your bank’s net banking portal or mobile banking app.
2. Select Transfer Type: Choose the type of transfer you wish to make – NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you haven’t transferred to this account before, you’ll need to add the beneficiary. Provide the following details:
   • Beneficiary Name (the account holder’s name)
   • Beneficiary Account Number (the account number for Bihar Gramin Bank, CHANDNI CHOWK,NARHAT)
   • Confirm Beneficiary Account Number
   • IFSC Code: PUNB0MBGB06
   • Bank Name (Bihar Gramin Bank)
   • Branch Name (CHANDNI CHOWK,NARHAT)
4. Verify and Confirm: Double-check all the details, especially the account number and IFSC code, to avoid any errors. Enter the amount you wish to transfer and confirm the transaction.

Once confirmed, the funds will be transferred to the specified account. The speed of the transfer will depend on the chosen method (IMPS is immediate, NEFT and RTGS have specific processing times).

Benefits of Knowing Your IFSC Code

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

• It enables seamless and secure online money transfers via NEFT, RTGS, and IMPS.
• It ensures that funds are routed to the exact bank and branch, minimizing the risk of incorrect transfers.
• It helps in making quick and efficient payments, as you don’t need to visit the bank physically.
• It is often required for other financial transactions like applying for loans, opening demat accounts, or receiving salary credits.
• It provides a unique identifier, making the process of digital banking more reliable and structured.

Contact Information

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

• Branch Phone Number: 7541807540
• Branch Address: CHANDNI CHOWK,NARHAT, Nawada, 805122, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and the Bihar Gramin Bank:

Q1: What is the IFSC code for Bihar Gramin Bank, CHANDNI CHOWK,NARHAT?
A1: The IFSC code for Bihar Gramin Bank, CHANDNI CHOWK,NARHAT branch is PUNB0MBGB06.

Q2: Is the old IFSC code still valid for Bihar Gramin Bank branches?
A2: No, due to recent mergers and the bank now operating under Punjab National Bank’s sponsorship, all old IFSC codes for previous regional rural banks (like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank) are revoked. Only the new unified IFSC code, such as PUNB0MBGB06, is valid for transactions.

Q3: What does the ‘0’ in the fifth position of the IFSC code signify?
A3: The fifth character in an IFSC code is always a ‘0’ (zero). It acts as a control character, keeping the structure consistent and allowing for future expansions without altering the existing bank and branch identification system.

Q4: Can I use this IFSC code for international money transfers?
A4: No, IFSC codes are specifically for domestic electronic fund transfers within India. For international money transfers, you would typically need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code or BIC (Bank Identifier Code).

Q5: How can I confirm the correct IFSC code for a different Bihar Gramin Bank branch?
A5: You can usually find the correct IFSC code on your bank passbook, cheque book, or by visiting the official website of Bihar Gramin Bank or Punjab National Bank. You can also contact the branch directly or use reliable online bank branch locators, making sure to select the correct bank and branch name.