Bihar Gramin Bank CHITKOHARA IFSC Code

The Bihar Gramin Bank branch in CHITKOHARA, Patna, serves as a vital financial hub for residents in this area. When you need to transfer money electronically, whether to family, friends, or for business, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code ensures your funds reach the correct bank branch quickly and securely through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Branch Details

Merger Update

Bihar Gramin Bank, like many regional rural banks, has undergone significant changes in its structure. It was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Today, Bihar Gramin Bank operates under the sponsorship of Punjab National Bank (PNB).

Because of this restructuring, the CHITKOHARA branch, along with all other branches of Bihar Gramin Bank, now uses a unified IFSC code: PUNB0MBGB06. It is crucial to remember that any old IFSC codes previously associated with UBGB or DBGB are no longer valid for transactions. Always use the current code, PUNB0MBGB06, to ensure your money transfers are successful and reach the correct destination without delay.

What is an IFSC Code?

The IFSC code is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify each bank branch in India. This code helps the electronic funds transfer systems direct money to the exact destination branch, ensuring accuracy and security in your transactions.

The structure of an IFSC code is straightforward:

• The first four characters represent the specific bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use by the banking system.
• The last six characters identify the individual bank branch. For the CHITKOHARA branch, “MBGB06” uniquely points to this particular location within the Bihar Gramin Bank network.

How to Use an IFSC Code

Using an IFSC code is simple when you are making electronic fund transfers. Here’s how it works for different types of transactions:

• NEFT (National Electronic Funds Transfer): This system processes transactions in batches throughout the day. When sending money via NEFT, you will need the beneficiary’s name, account number, bank name, and the correct IFSC code. For example, if you are sending money to the CHITKOHARA branch, you would enter PUNB0MBGB06 along with the other details.
• RTGS (Real Time Gross Settlement): RTGS is typically used for high-value transactions, usually Rs. 2 lakh and above, and processes them individually in real-time. Similar to NEFT, you provide the beneficiary’s details, including their account number and the IFSC code PUNB0MBGB06, to ensure the funds are transferred directly to the correct branch.
• IMPS (Immediate Payment Service): IMPS allows for instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. When using IMPS, you will typically need the beneficiary’s mobile number and MMID (Mobile Money Identifier), or their account number and IFSC code. So, again, PUNB0MBGB06 would be crucial for directing the payment to the CHITKOHARA branch instantly.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for someone you are sending money to, offers several key advantages:

• Accurate Fund Transfers: It ensures that your money reaches the intended beneficiary’s account at the specific branch, avoiding misdirected funds.
• Faster Processing: Correct IFSC codes help the banking system process your NEFT, RTGS, and IMPS transactions smoothly and quickly.
• Prevents Transaction Failures: Using an incorrect or outdated IFSC code can lead to your transaction being rejected or delayed, causing inconvenience.
• Convenience for Online Banking: It is essential for setting up beneficiaries and making online payments through internet banking or mobile banking applications.
• Enhanced Security: The unique identification provided by the IFSC code adds an extra layer of security by ensuring funds are routed precisely, reducing the chances of fraud.

Contact Information

For any inquiries related to the Bihar Gramin Bank CHITKOHARA branch, you can use the following contact details:

• Branch Phone Number: 7541807517
• Branch Address: CHITKOHARA, Patna, 800002
• 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:

• What happens if I use an old IFSC code for Bihar Gramin Bank?
  If you use an old IFSC code that belonged to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) before the merger, your transaction will likely fail. The banking system recognizes only the new, unified IFSC code, PUNB0MBGB06, for all Bihar Gramin Bank branches. Always verify you are using the correct and current code to ensure your transfer goes through.
• Is an IFSC code required for all bank transfers?
  An IFSC code is mandatory for electronic fund transfers like NEFT, RTGS, and IMPS within India, especially when transferring money between different banks. For transfers within the same bank using internal methods, or for cash deposits, it might not be strictly required. However, for any inter-bank electronic transfer, it is always needed.
• Can I find the IFSC code online?
  Yes, you can easily find IFSC codes online through various reliable sources. Most bank websites provide a branch locator tool where you can search by bank name, state, and district. Financial news portals and government banking websites also offer IFSC code directories. Always cross-check with official bank sources if you are unsure.
• What is the difference between an IFSC code and a MICR code?
  The IFSC code (Indian Financial System Code) is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS) between different banks. It identifies a specific bank branch for digital transactions. The MICR code (Magnetic Ink Character Recognition) is a 9-digit numerical code printed on cheque leaves, typically at the bottom. It identifies the bank and branch for cheque clearing purposes, primarily in the physical cheque processing system. While both identify a bank branch, they serve different functions in the banking system.
• Do I need an IFSC code for international transfers?
  No, an IFSC code is specific to inter-bank 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) for the receiving bank, along with other international banking details.

Kriti Kumari

Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.