Bihar Gramin Bank Khajuri Chowk IFSC Code

If you’re looking to handle financial transactions for Bihar Gramin Bank at the Khajuri Chowk branch in Samastipur, Bihar, understanding the Indian Financial System Code (IFSC) is essential. This unique code acts like a digital address for bank branches across India. It is critical for carrying out electronic fund transfers such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). Without the correct IFSC, your money transfer simply won’t go through to the intended recipient’s account.

Branch Details

Here are the specific details for the Bihar Gramin Bank, Khajuri Chowk branch:

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	Khajuri Chowk
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3909
Branch Address	Khajuri Chowk, Samastipur, 848114
Contact Number	9955997869
City	Samastipur
District	Samastipur
Pincode	848114
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Both of these banks have now merged into a single entity, operating under the name Bihar Gramin Bank. This unified bank is sponsored by Punjab National Bank.

Because of this merger, all previous IFSC codes associated with Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank have been revoked. They are no longer valid for any electronic transactions. For all fund transfers to and from any Bihar Gramin Bank branch, including Khajuri Chowk, you must use the new, standardized IFSC code: PUNB0MBGB06. Using any old IFSC code will cause your transaction to fail.

What is an IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in the NEFT, RTGS, and IMPS networks in India. Think of it as a specific address for each branch in the financial system. Here’s how it breaks down:

• The first four characters are alphabetic and represent the bank. For example, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps distinguish between bank and branch codes.
• The last six characters are alphanumeric and identify the specific bank branch. For the Khajuri Chowk branch, these are “MBGB06”.

This standardized structure ensures that electronic funds are routed correctly to the intended bank and branch.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you’re making an electronic fund transfer. Here’s how it works for the common transfer types:

For NEFT (National Electronic Funds Transfer)

NEFT is used for deferred net settlement, meaning transactions are processed in batches. You can typically transfer funds up to a certain limit per transaction, though there’s no overall limit. When initiating an NEFT transfer:

1. Log into your bank’s online banking portal or mobile app.
2. Go to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select ‘NEFT’ as the transfer type.
4. Add a new beneficiary if you haven’t transferred money to them before. You will need:
   • Beneficiary Account Number
   • Beneficiary Account Holder’s Name
   • Beneficiary Bank’s IFSC Code (PUNB0MBGB06 for Khajuri Chowk branch)
   • Beneficiary Bank Name (Bihar Gramin Bank)
5. Enter the amount you wish to send.
6. Confirm the details and complete the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large-value transactions that require immediate processing on a “real-time” and “gross” basis. There’s usually a minimum transfer amount (e.g., ₹2 lakh). When initiating an RTGS transfer:

1. Access your bank’s online banking or mobile app.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ area.
3. Choose ‘RTGS’ as the transfer method.
4. If it’s a new recipient, add the beneficiary details:
   • Beneficiary Account Number
   • Beneficiary Account Holder’s Name
   • Beneficiary Bank’s IFSC Code (PUNB0MBGB06 for Khajuri Chowk branch)
   • Beneficiary Bank Name (Bihar Gramin Bank)
5. Specify the transfer amount (it must meet the RTGS minimum).
6. Review all information carefully before authorizing the transfer.

For IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays. It’s often used for smaller, urgent transactions. When initiating an IMPS transfer:

1. Open your bank’s mobile banking app or internet banking.
2. Select the ‘IMPS’ option.
3. You’ll need the following beneficiary details:
   • Beneficiary Account Number
   • Beneficiary Bank’s IFSC Code (PUNB0MBGB06 for Khajuri Chowk branch)
   • Beneficiary Bank Name (Bihar Gramin Bank)
   • Beneficiary Account Holder’s Name

   Alternatively, for mobile-to-mobile IMPS, you might only need the Beneficiary’s Mobile Number and MMID (Mobile Money Identifier).

4. Enter the amount you wish to transfer.
5. Confirm the details to complete the instant transfer.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several important benefits:

• Accurate Fund Transfers: It ensures your money goes to the right bank and branch, preventing delays or failed transactions.
• Faster Processing: Correct IFSC codes help electronic payment systems like NEFT, RTGS, and IMPS process your transfers quickly and efficiently.
• Enhanced Security: By precisely identifying the destination branch, the IFSC code reduces the risk of funds being misdirected.
• Mandatory for Electronic Payments: It is a compulsory piece of information for all major electronic fund transfer methods in India.
• Convenience: Knowing the code allows you to initiate transfers anytime, anywhere, through online banking or mobile apps, without needing to visit the branch.

Contact Information

Should you need to get in touch with Bihar Gramin Bank, here are the relevant contact details:

• Khajuri Chowk Branch Phone Number: 9955997869
• Khajuri Chowk Branch Address: Khajuri Chowk, Samastipur, 848114, Bihar
• 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)

Here are some common questions about IFSC codes and Bihar Gramin Bank:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, while the first four characters of the IFSC code will be the same for all Bihar Gramin Bank branches (PUNB), the last six characters are unique to each specific branch. So, Khajuri Chowk’s code (PUNB0MBGB06) is different from other branches.

Q2: What should I do if my electronic transfer fails due to an incorrect IFSC code?
A2: If a transfer fails because of an incorrect IFSC code, the money is usually returned to your account. You should verify the correct IFSC code with the beneficiary or the bank and then attempt the transaction again.

Q3: Can I find the IFSC code on my bank passbook or cheque book?
A3: Yes, the IFSC code is typically printed on your bank passbook and on the top left corner of your cheque leaves. Always double-check this against official bank sources if you are unsure.

Q4: What is the significance of the “0” in the fifth position of the IFSC code?
A4: The fifth character, which is always a “0”, is kept as a control character for future use by the Reserve Bank of India. It helps standardize the code format and allows for potential expansion if needed.

Q5: I used an old Uttar Bihar Gramin Bank (UBGB) IFSC code by mistake. What happens now?
A5: Since Uttar Bihar Gramin Bank has merged into Bihar Gramin Bank, all old UBGB IFSC codes are invalid. Any transaction attempted with an old code will fail, and the funds will likely be returned to your account. Always use the new Bihar Gramin Bank IFSC code, such as PUNB0MBGB06.