Bihar Gramin Bank Champanagar IFSC Code

The Champanagar area in Purnia, Bihar, is an important local hub. For anyone managing their finances here, understanding banking codes is key. When you need to send or receive money electronically, especially for transfers like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a special code called the IFSC (Indian Financial System Code) is absolutely essential. It acts like a unique digital address for each bank branch, making sure your funds reach the right place without any mix-ups.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Champanagar
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100715
Branch Address	Champanagar, PURNIA, 854201, 9297954133
Contact Number	9297954133
City	PURNIA
District	PURNIA
Reason	PURNEA
Pincode	854201
State	Bihar

Merger Update

In Bihar, several regional rural banks have undergone mergers to consolidate their services and operations. This includes banks that might have previously operated as Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB). As part of this consolidation, these merged entities now function under the sponsorship of Punjab National Bank. This means that older, individual IFSC codes for UBGB and DBGB branches have been replaced. For a branch like Champanagar, if it was part of these merger processes, the current and only valid IFSC code for all fund transfers is PUNB0MBGB06. It’s crucial to use this specific code to ensure your transactions are processed correctly and without delay. Any old UBGB IFSC codes are now revoked and will not work for transactions.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is a unique 11-character code. It’s used by the Reserve Bank of India (RBI) to identify individual bank branches in India. Think of it as a routing number for electronic money transfers.

Here’s how the PUNB0MBGB06 code breaks down:

• The first four characters, PUNB, identify the bank, which is Punjab National Bank (the sponsoring bank for Madhya Bihar Gramin Bank).
• The fifth character is always zero (0). This character is reserved for future use and helps distinguish the first four characters from the last six.
• The last six characters, MBGB06, identify the specific bank branch. In this case, ‘MBGB’ refers to Madhya Bihar Gramin Bank, and ’06’ is the specific branch code for Champanagar.

This structured format ensures that every electronic transaction reaches its intended branch accurately.

How to Use an IFSC Code

You’ll need the IFSC code for various electronic fund transfer methods. Here’s a simple guide for common transactions:

• For NEFT (National Electronic Funds Transfer):
  1. Log in to your online banking portal or mobile app.
  2. Select the “NEFT” option for fund transfer.
  3. Add the beneficiary (the person receiving the money) details. This includes their name, account number, and the IFSC code (PUNB0MBGB06 for Champanagar branch).
  4. Enter the amount you wish to send.
  5. Confirm the details and complete the transaction.
• For RTGS (Real Time Gross Settlement):
  1. RTGS is for large-value transactions (typically 2 lakhs and above).
  2. Access your bank’s online platform or visit a branch.
  3. Select “RTGS” as the transfer type.
  4. Provide the beneficiary’s name, account number, and the IFSC code (PUNB0MBGB06).
  5. Input the amount and confirm. The transfer happens in real time.
• For IMPS (Immediate Payment Service):
  1. IMPS allows instant, 24/7 fund transfers.
  2. Open your banking app or use the online service.
  3. Choose “IMPS” for the transfer.
  4. Enter the beneficiary’s account number and IFSC code (PUNB0MBGB06), or their mobile number and MMID (Mobile Money Identifier).
  5. Confirm the amount. The funds are transferred almost immediately.

Always double-check the IFSC code and other beneficiary details before confirming any transfer to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, like the one for Bihar Gramin Bank Champanagar, offers several practical advantages:

• Accurate Fund Transfers: It ensures that money sent through NEFT, RTGS, or IMPS reaches the exact bank branch. This prevents misdirected funds.
• Faster Transactions: With the correct IFSC, electronic transfers are processed quickly, reducing wait times for both senders and receivers.
• Security: The unique code helps secure transactions by acting as an additional layer of identification for the destination bank branch.
• Essential for Online Banking: If you use online banking or mobile apps, the IFSC code is a mandatory detail for setting up beneficiaries and initiating transfers.
• Prevents Failures: Using an incorrect or outdated IFSC code can lead to transaction failures, delays, or even the return of funds, causing inconvenience. The correct code avoids these issues.

Contact Information

Should you need to reach out to the Bihar Gramin Bank Champanagar branch or their head office, here are the contact details:

• Branch Phone Number: 9297954133
• Branch Address: Champanagar, PURNIA, 854201
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Q1: Is PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A1: No, PUNB0MBGB06 is specific to the Champanagar branch, which falls under the Madhya Bihar Gramin Bank network sponsored by Punjab National Bank. Other branches will have their own unique IFSC codes. Always verify the exact IFSC for a specific branch you intend to transact with.

Q2: Can I use an old IFSC code if I still have it from a previous passbook?
A2: No, old IFSC codes for merged regional rural banks, including those like Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, are no longer valid. Using them will result in transaction failure and delays. Always use the current and valid code, PUNB0MBGB06, for this branch.

Q3: What should I do if my electronic transfer fails due to an incorrect IFSC code?
A3: If a transfer fails because of an incorrect IFSC code, the money is usually returned to your account within a few hours or one to two business days. You should then re-initiate the transaction using the correct IFSC code (PUNB0MBGB06 for Champanagar branch) and verify all beneficiary details.

Q4: Where can I find the correct IFSC code for my Bihar Gramin Bank branch?
A4: You can reliably find the correct IFSC code on your bank passbook, on a cheque leaf, or through the bank’s official website or mobile banking application. You can also contact the branch directly using the provided contact number.

Q5: Is there any charge for using NEFT or RTGS with the IFSC code?
A5: While the Reserve Bank of India has removed charges for NEFT and RTGS transactions initiated online, banks may still levy small charges for transactions done through their physical branches. It’s best to check with your specific bank for their current fee structure.