Bihar Gramin Bank Chaksaho IFSC Code

The Bihar Gramin Bank branch in Chaksaho, Samastipur, Bihar, serves as a crucial hub for financial services in its community. When you need to send or receive money electronically, especially through systems like NEFT, RTGS, or IMPS, a specific code is vital. This code, known as the Indian Financial System Code (IFSC), ensures that your funds reach the correct bank and branch without any errors. It’s a key detail for secure and efficient digital transactions.

Bihar Gramin Bank Chaksaho Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Chaksaho
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3913
Branch Address	Chaksaho, Samastipur, 848504, 9955997815
Contact Number	9955997815
City	Samastipur
District	Samastipur
Region	SAMASTIPUR
Pincode	848504
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed through the merger of several regional rural banks, including Uttar Bihar Gramin Bank (UBGB). As part of this consolidation, and because Bihar Gramin Bank is sponsored by Punjab National Bank, a standardized IFSC code system is now in place. All branches of Bihar Gramin Bank, including Chaksaho, now use IFSC codes that begin with PUNB0MBGB.

This means that any old IFSC codes previously used by Uttar Bihar Gramin Bank or other pre-merged entities are no longer valid for transactions. For any electronic fund transfer to the Chaksaho branch of Bihar Gramin Bank, you must use the code PUNB0MBGB06. Always make sure you are using the most current IFSC code to avoid transaction failures or delays.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online money transfers. Think of it like a unique digital address for each branch. This code helps the banking system direct your funds correctly.

Here’s how the IFSC code PUNB0MBGB06 for Bihar Gramin Bank Chaksaho is structured:

• First four characters (PUNB): These represent the bank. In this case, PUNB stands for Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• Fifth character (0): This character is always zero. It’s kept as a placeholder for future use.
• Last six characters (MBGB06): These characters uniquely identify the specific branch. For the Chaksaho branch of Bihar Gramin Bank, it is MBGB06.

How to Use the IFSC Code

Using the IFSC code is straightforward when you’re making an electronic transfer. Here are the steps for different types of transactions:

• For NEFT (National Electronic Funds Transfer): This system processes transfers in batches throughout the day.
  • Log in to your bank’s online banking portal or mobile app.
  • Select “NEFT” as the transfer type.
  • Add the beneficiary (the person or entity you’re sending money to) if you haven’t already. You will need their name, account number, and the branch’s IFSC code (PUNB0MBGB06 for Chaksaho).
  • Enter the amount you wish to transfer.
  • Confirm the details and complete the transaction.
• For RTGS (Real Time Gross Settlement): This system handles large-value transfers individually and in real-time.
  • Access your online banking or mobile app.
  • Choose “RTGS” as the transfer method.
  • Provide the beneficiary’s details: name, account number, and the IFSC code (PUNB0MBGB06).
  • Specify the transfer amount (RTGS usually has a minimum transaction limit).
  • Review and confirm the payment.
• For IMPS (Immediate Payment Service): This allows instant, 24/7 fund transfers.
  • Open your bank’s mobile banking app or internet banking.
  • Select “IMPS” for an immediate transfer.
  • Enter the beneficiary’s account number and the IFSC code (PUNB0MBGB06), or their Mobile Money Identifier (MMID) and mobile number if that option is available.
  • Input the amount to be transferred.
  • Verify all information and authorize the payment.

Always double-check the IFSC code, account number, and beneficiary name before confirming any transfer. A small error can lead to significant delays or even funds being sent to the wrong account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank Chaksaho offers several important benefits:

• Ensures Accurate Transfers: The IFSC code directs funds precisely to the intended bank and branch, preventing misdirection of money.
• Facilitates Electronic Payments: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS.
• Speeds Up Transactions: By ensuring correct routing, it helps process your online transfers quickly and efficiently.
• Enhances Security: The unique identification helps prevent fraud by ensuring transfers are authenticated and routed properly within the banking network.
• Simplifies Bill Payments: Many online bill payment services or merchant payments require the IFSC for direct bank transfers.

Contact Information

• Bihar Gramin Bank Chaksaho Branch Phone Number: 9955997815
• Bihar Gramin Bank Chaksaho Branch Address: Chaksaho, Samastipur, 848504
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What does IFSC stand for?

A1: IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify bank branches for electronic fund transfers in India.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?

A2: No, the first 7 characters of the IFSC code (e.g., PUNB0MBGB) are common for Bihar Gramin Bank, but the last 4 characters are unique to each specific branch. This means every branch, including Chaksaho, has its own distinct IFSC code.

Q3: What happens if I use an old or incorrect IFSC code for a transfer?

A3: If you use an old or incorrect IFSC code, your electronic fund transfer will likely fail. The transaction will either be rejected by the system, or the funds might get held up. In some rare cases, if the incorrect code still points to a valid but wrong branch, recovering the funds can be a complex process.

Q4: Can I find the IFSC code on my passbook or chequebook?

A4: Yes, the IFSC code is typically printed on the first page of your bank passbook and on individual cheque leaves. It is usually found near the branch address or other bank details. You can also find it on the bank’s official website or by contacting the branch directly.

Q5: Is the IFSC code required for cash deposits or withdrawals?

A5: No, the IFSC code is not required for routine cash deposits or withdrawals made directly at the bank branch or through an ATM. It is specifically used for electronic fund transfers (NEFT, RTGS, IMPS) between different bank accounts.