The Bihar Gramin Bank branch at K.B.Chowk in Samastipur, Bihar, plays an important role for local residents and businesses. When you need to send or receive money electronically, especially through systems like NEFT, RTGS, or IMPS, you will need a specific identifier. This is known as the Indian Financial System Code, or IFSC. It makes sure your money goes to the correct bank and branch.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | K.B.Chowk |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3908 |
| Branch Address | K.B.Chowk, Samastipur, 848302, 9955997852 |
| Contact Number | 9955997852 |
| City | Samastipur |
| District | Samastipur |
| Reason | SAMASTIPUR |
| Pincode | 848302 |
| State | Bihar |
Merger Update
The branch, commonly referred to as Bihar Gramin Bank K.B.Chowk, uses the IFSC code PUNB0MBGB06. This specific code identifies the branch as part of Madhya Bihar Gramin Bank. Madhya Bihar Gramin Bank is a Regional Rural Bank (RRB) that operates in Bihar and is sponsored by Punjab National Bank. The “PUNB” prefix in the IFSC code clearly indicates its sponsorship by Punjab National Bank.
This IFSC code, PUNB0MBGB06, is the only valid code for all electronic fund transfers to and from this K.B.Chowk branch. If this branch was part of a different banking entity before the formation of Madhya Bihar Gramin Bank under Punjab National Bank sponsorship, any old IFSC codes would have been revoked. Always ensure you use the current and correct code to avoid transaction failures.
What is an IFSC Code?
An IFSC code is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in electronic fund transfers. It’s essential for carrying out transactions through NEFT, RTGS, and IMPS.
The structure of an IFSC code provides specific details:
- The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
- The fifth character is always a “0” (zero). This character is kept as a control character for future use.
- The last six characters identify the specific branch. In this case, “MBGB06” identifies the K.B.Chowk branch of Madhya Bihar Gramin Bank.
This standardized format helps in quickly and accurately routing funds to their intended destination across different banks and branches nationwide.
How to Use an IFSC Code
Using an IFSC code is straightforward when you’re making an electronic fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS:
- Log in to Your Net Banking or Mobile Banking App: Access your online banking portal or mobile application.
- Select Fund Transfer Option: Choose options like “NEFT,” “RTGS,” or “IMPS” depending on the speed and amount you wish to transfer.
- Add Beneficiary Details: If you haven’t already, you’ll need to add the recipient’s details. This includes their name, account number, and the crucial IFSC code of their bank branch.
- Enter IFSC Code: Carefully type in the IFSC code, such as PUNB0MBGB06 for the K.B.Chowk branch. Double-check for any typos.
- Enter Amount and Confirm: Input the amount you wish to transfer, review all the details (beneficiary name, account number, IFSC, and amount), and then confirm the transaction.
For example, if you are sending money to an account at Bihar Gramin Bank K.B.Chowk, you would enter “PUNB0MBGB06” in the IFSC field of your bank’s transfer form.
Benefits of Knowing Your IFSC Code
Having easy access to your bank’s IFSC code offers several advantages:
- Accurate Fund Transfers: It ensures that money reaches the correct bank and branch without errors, reducing the risk of funds being misdirected.
- Faster Transactions: IFSC codes are vital for real-time (IMPS) and near real-time (NEFT, RTGS) electronic transfers, speeding up financial operations.
- Nationwide Connectivity: It allows you to send or receive money from any bank branch across India, simplifying inter-bank transactions.
- Security: The unique code adds an extra layer of security by precisely identifying the destination, making transactions safer.
- Convenience: It streamlines online banking and mobile banking processes, making fund transfers quick and hassle-free from anywhere.
Contact Information
For any inquiries or assistance regarding the Bihar Gramin Bank K.B.Chowk branch, you can use the following contact details:
- Branch Phone Number: 9955997852
- Branch Address: K.B.Chowk, Samastipur, 848302, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
What is the full name of the bank associated with IFSC PUNB0MBGB06?
The IFSC code PUNB0MBGB06 is for Madhya Bihar Gramin Bank. This bank is sponsored by Punjab National Bank, which is indicated by the “PUNB” prefix in the code.
Is the MICR code important for all online transfers?
The MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. For online electronic fund transfers like NEFT, RTGS, and IMPS, the IFSC code is the essential identifier. You typically won’t need the MICR code for these digital transactions.
Can I use an old IFSC code if I still have it for Bihar Gramin Bank?
No, you should always use the most current and valid IFSC code for any transaction. Old IFSC codes, especially if the bank has undergone mergers or changes in sponsorship, may be revoked and will result in transaction failure. For the K.B.Chowk branch, PUNB0MBGB06 is the correct and valid code.
How do I find the IFSC code for other branches of Madhya Bihar Gramin Bank?
You can find IFSC codes for other branches on the official website of Madhya Bihar Gramin Bank, the Punjab National Bank website (as its sponsor bank), or through various reliable third-party financial websites. You will usually need to provide the bank name, state, district, and branch name to find the correct code.
What is the main difference between NEFT, RTGS, and IMPS?
- NEFT (National Electronic Funds Transfer): Processes funds in batches during specific hours, suitable for most everyday transfers.
- RTGS (Real Time Gross Settlement): Designed for large-value transactions (usually above ₹2 lakh) and processes funds individually in real-time.
- IMPS (Immediate Payment Service): Provides instant, 24/7 fund transfers, even on holidays, for smaller to medium amounts.
All three require the correct IFSC code for successful processing.
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.