Bihar Gramin Bank KHEMNICHAK IFSC Code

The Bihar Gramin Bank KHEMNICHAK branch is located in Patna, Bihar. This branch serves as a vital financial hub for the local community in and around KHEMNICHAK. For any electronic fund transfer, whether you’re sending or receiving money through systems like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for this branch is essential. This code acts like a unique digital address, making sure your money reaches the right bank and the right branch every time.

Branch Details

Here are the specific details for the Bihar Gramin Bank KHEMNICHAK branch:

Bank Name	Bihar Gramin Bank
Branch Name	KHEMNICHAK
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	6953
Branch Address	KHEMNICHAK, Patna, 800027, 7091596953
Contact Number	7091596953
City	Patna
District	Patna
Reason	PATNA
Pincode	800027
State	Bihar

Merger Update

The regional rural banking landscape in Bihar has seen some important changes. Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), among other regional rural banks, have been part of consolidation efforts. Currently, the unified entity operating under the sponsorship of Punjab National Bank (PNB) is called Madhya Bihar Gramin Bank. The KHEMNICHAK branch now uses the IFSC code PUNB0MBGB06. It is important to know that any old IFSC codes previously associated with UBGB or DBGB branches have been revoked and are no longer valid for transactions. You must use only the new, updated IFSC code for all your fund transfers to ensure they are processed correctly.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is a unique 11-character alphanumeric code. It identifies every bank branch in India participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The structure of the IFSC code tells you specific details about the bank and its branch:

• The first four characters identify the bank. For example, ‘PUNB’ stands for Punjab National Bank, which sponsors Madhya Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use.
• The last six characters identify the specific branch. In the case of PUNB0MBGB06, ‘MBGB06’ identifies the KHEMNICHAK branch.

This organized structure helps in routing electronic transactions quickly and without errors.

How to Use an IFSC Code

Using an IFSC code is straightforward when you need to send money electronically. Here’s how it works for common transfer types:

For NEFT (National Electronic Funds Transfer)

NEFT is used for transferring funds between banks across India. It processes transactions in batches throughout the day. When setting up a NEFT transfer:

1. Log into your net banking account or visit your bank branch.
2. Add the beneficiary (the person you are sending money to).
3. You will need the beneficiary’s name, account number, bank name, and the specific IFSC code of their bank branch. For the KHEMNICHAK branch, this is PUNB0MBGB06.
4. Enter the amount you wish to transfer and confirm the details.

For RTGS (Real Time Gross Settlement)

RTGS is for large value transfers that are processed individually and in real time. This means the money is transferred almost instantly. The minimum amount for RTGS is usually ₹2 Lakh.

1. Access your bank’s online platform or go to the branch.
2. Provide the beneficiary’s details: name, account number, bank, and the exact IFSC code (PUNB0MBGB06 for KHEMNICHAK).
3. Enter the amount. Remember the minimum for RTGS.
4. Review and confirm the transaction.

For IMPS (Immediate Payment Service)

IMPS offers instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent payments.

1. Open your mobile banking app or internet banking portal.
2. Select the IMPS transfer option.
3. Input the beneficiary’s account number and the IFSC code (PUNB0MBGB06). Alternatively, you might use their Mobile Money Identifier (MMID) and mobile number.
4. Enter the transfer amount.
5. Authorize the transaction. The money should reach the beneficiary almost immediately.

Benefits of Knowing Your IFSC Code

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

• Accurate Fund Transfers: It ensures your money goes to the correct bank and branch, preventing errors and delays.
• Faster Transactions: NEFT, RTGS, and IMPS rely on IFSC codes for quick processing of electronic payments.
• Secure Payments: The unique code helps maintain the security of your financial transactions by precisely identifying the destination.
• Essential for Online Banking: Most online banking and mobile banking platforms require an IFSC code for setting up beneficiaries and initiating transfers.
• Avoids Manual Errors: It reduces the need for manual bank identification, which could lead to mistakes.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank KHEMNICHAK branch, you can reach out using the following details:

• Branch Phone Number: 7091596953
• Branch Address: KHEMNICHAK, Patna, 800027
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes and bank transactions:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, each individual branch of Bihar Gramin Bank (now Madhya Bihar Gramin Bank under PNB sponsorship) has its own unique IFSC code. While the first four characters (PUNB) identify the sponsoring bank, the last six characters are unique to each branch.

Q2: What should I do if I use an incorrect IFSC code?
A2: If you use an incorrect IFSC code, your transaction will likely be rejected. The system usually flags mismatches between the IFSC, bank name, and account number. If the money does go through to an unintended account due to a rare error, you should contact your bank immediately to report the issue.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is usually printed on your bank’s passbook and on the top left corner of your chequebook leaf. It is also available on the bank’s official website or through online IFSC finders.

Q4: What is the difference between IFSC and MICR codes?
A4: An IFSC code is an 11-character alphanumeric code used for electronic fund transfers (NEFT, RTGS, IMPS). A MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheques using special magnetic ink. It is mainly used for processing cheques faster and more securely.

Q5: Is it safe to share my IFSC code?
A5: Yes, it is generally safe to share your IFSC code. It is public information needed to receive funds into your account. However, always be careful about sharing your full bank account details or any personal identification along with it, especially with unverified sources.