Located in Charo, a vibrant area within the Samastipur district of Bihar, this branch of Bihar Gramin Bank serves as a crucial financial hub for the local community. For anyone needing to transfer funds digitally, understanding the bank’s Indian Financial System Code (IFSC) is essential. This unique code allows for smooth and secure transactions through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your money reaches the correct recipient quickly.
Branch Details
Here are the specific details for the Bihar Gramin Bank, Charo branch:
| Bank Name | Bihar Gramin Bank |
| Branch Name | Charo |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3989 |
| Branch Address | Charo, Samastipur, 848301, 9523097255 |
| Contact Number | 9523097255 |
| City | Samastipur |
| District | Samastipur |
| Reason | SAMASTIPUR |
| Pincode | 848301 |
| State | Bihar |
Merger Update for Bihar Gramin Bank Branches
The banking landscape in Bihar has seen significant changes over the years, especially for Regional Rural Banks (RRBs). Many branches, including those previously operating under Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), have been consolidated into a new entity: Madhya Bihar Gramin Bank (MBGB).
As a result of these mergers, all branches that fall under the new Madhya Bihar Gramin Bank now use a standardized IFSC code. The Charo branch, while known locally as Bihar Gramin Bank, officially uses the IFSC code PUNB0MBGB06. This code is issued by Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
It is crucial to understand that any old IFSC codes previously associated with UBGB or DBGB are no longer valid for transactions. To ensure your fund transfers are successful and reach the correct destination, you must always use the new, consolidated IFSC code: PUNB0MBGB06.
What is an IFSC Code?
The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code. It’s like a unique digital address for every bank branch in India that participates in online fund transfers. This code helps the banking system direct your money to the exact branch and account you intend.
Let’s break down the IFSC code PUNB0MBGB06:
- The first four characters, PUNB, identify the sponsoring bank, which in this case is Punjab National Bank.
- The fifth character is always a zero (0). This character is reserved for future use and helps distinguish bank codes from branch codes.
- The last six characters, MBGB06, uniquely identify the specific branch. For the Charo branch, this part of the code makes it distinct from all other branches in the network.
How to Use the IFSC Code
Using the IFSC code is a straightforward process when you’re making an online fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS transactions:
- Log in to Your Net Banking or Mobile Banking App: Access your bank’s online platform.
- Select “Fund Transfer” or “Payments”: Look for options like “NEFT,” “RTGS,” or “IMPS” transfer.
- Add a New Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
- Enter Beneficiary Details: You will typically need the following information:
- Beneficiary’s Name
- Beneficiary’s Account Number (confirm this carefully)
- Re-enter Beneficiary’s Account Number (for confirmation)
- Beneficiary’s Bank Name (Madhya Bihar Gramin Bank)
- Beneficiary’s Branch Name (Charo)
- Beneficiary’s IFSC Code (PUNB0MBGB06)
- Verify and Confirm: Double-check all the details you’ve entered. Even a small error in the account number or IFSC code can lead to a failed transaction or funds being sent to the wrong account.
- Enter Amount and Transaction Details: Specify how much money you want to send and add any remarks if needed.
- Authorize the Transaction: Complete the transfer using your PIN, OTP (One Time Password), or other security credentials.
The system then uses the IFSC code to route your payment accurately and swiftly to the Charo branch and into the correct account.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for the Charo branch offers several practical benefits:
- Ensures Accurate Transfers: It guarantees that your online fund transfers reach the intended recipient’s bank branch without errors.
- Facilitates Digital Transactions: It is mandatory for all major electronic fund transfer systems like NEFT, RTGS, and IMPS.
- Saves Time: It speeds up the processing of online payments, as the code directly identifies the destination branch.
- Reduces Transaction Errors: Using the correct code minimizes the risk of payments being delayed or bounced due to incorrect branch identification.
- Convenient for Personal & Business Use: Essential for individuals receiving salaries, making bill payments, and for businesses managing transactions.
Contact Information
If you need to get in touch with the bank, here are the relevant contact details:
- Charo Branch Phone Number: 9523097255
- Charo Branch Address: Charo, Samastipur, 848301
- Madhya Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777
Frequently Asked Questions (FAQs)
Q1: What if I use an old IFSC code for the Charo branch?
A: If you use an outdated IFSC code, your transaction will likely fail. The banking system will not recognize the old code, and the funds will not be processed. Always use the current code, PUNB0MBGB06, for all transfers.
Q2: Is the MICR code the same as the IFSC code?
A: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code (800811002 for Charo branch) is primarily used for clearing physical cheques. While both are unique identifiers for a branch, they serve different purposes in the banking system.
Q3: Can I receive international money transfers using this IFSC code?
A: IFSC codes are specifically for domestic transfers within India. For international money transfers, you typically need the SWIFT (Society for Worldwide Interbank Financial Telecommunication) code of the bank. You would need to contact Madhya Bihar Gramin Bank directly to inquire about their SWIFT code and procedures for receiving international remittances.
Q4: How important is it to double-check the IFSC and account number before transferring money?
A: It is extremely important. Entering an incorrect IFSC code might cause the transaction to fail. More critically, entering a wrong account number, even with a correct IFSC, could send your money to the wrong person, and recovering those funds can be a complex and lengthy process. Always double-check both details carefully.
Q5: Can I find the IFSC code on my bank passbook or cheque book?
A: Yes, the IFSC code is usually printed on your bank passbook. For cheque books, it is typically found on the top part of the cheque leaf, often near the branch address or bank name. It’s a reliable place to find the correct code.
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.