Bihar Gramin Bank Rasulpur Chatti IFSC Code

The Bihar Gramin Bank branch in Rasulpur Chatti, located in the SARAN district of Bihar, serves as a vital financial hub for the local community. For anyone needing to transfer funds electronically, understanding the Indian Financial System Code, or IFSC code, for this specific branch is crucial. The IFSC code is a unique identifier used for secure and efficient transactions through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) systems, ensuring that your money reaches the correct bank and branch without delay.

Branch Details

Here are the key details for the Bihar Gramin Bank branch at Rasulpur Chatti:

Bank Name	Bihar Gramin Bank
Branch Name	Rasulpur Chatti
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100571
Branch Address	Rasulpur Chatti, SARAN, 841204
Contact Number	9297955272
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841204
State	Bihar

Merger Update

It is important to note a significant change regarding Gramin Banks in Bihar. The former Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form the single entity known as Bihar Gramin Bank. This new bank operates under the sponsorship of Punjab National Bank (PNB).

Due to this merger, all previous IFSC codes associated with Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have been revoked and are no longer valid for transactions. For any financial transfers to or from the Bihar Gramin Bank Rasulpur Chatti branch, you must use the updated and unified IFSC code: PUNB0MBGB06. Using any old IFSC code will result in transaction failure.

What is IFSC Code?

The IFSC (Indian Financial System Code) is a unique 11-character alpha-numeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in online funds transfers. This code helps to accurately identify the specific bank and branch for all electronic transactions.

• The first four characters represent the bank name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This is reserved for future use.
• The last six characters identify the specific bank branch. In our example, “MBGB06” identifies the Rasulpur Chatti branch of Bihar Gramin Bank.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you want to transfer money electronically. Here’s how you typically use it for NEFT, RTGS, and IMPS transactions:

1. Log in to your Net Banking or Mobile Banking App: Access your online banking portal or mobile application.
2. Select Fund Transfer Option: Choose the option for “Fund Transfer” or “Payments.”
3. Add Beneficiary: If you are sending money to this recipient for the first time, you will need to add them as a beneficiary. This usually involves providing the beneficiary’s name, bank account number, and the crucial IFSC code for their bank branch (PUNB0MBGB06 for Rasulpur Chatti).
4. Verify Details: After entering the IFSC code, the bank system often auto-populates the bank and branch name, allowing you to cross-verify.
5. Enter Amount and Confirm: Specify the amount you wish to transfer and confirm the transaction using your PIN or password.

For NEFT and IMPS, transactions are generally processed quickly, with IMPS being almost instant. RTGS is used for large-value transactions and is also processed in real-time.

Benefits

Knowing and using the correct IFSC code offers several important benefits:

• Accurate Fund Transfers: It ensures your money goes to the correct bank and branch, minimizing errors.
• Faster Processing: Enables quick electronic transfers through NEFT, RTGS, and IMPS, making transactions much faster than traditional methods.
• Security: The unique code adds a layer of security by precisely identifying the recipient’s bank and branch.
• Convenience: Facilitates hassle-free online banking, allowing transfers from anywhere, anytime.
• Reduces Manual Errors: By uniquely identifying branches, it helps reduce the chances of manual processing errors.

Contact

If you need to get in touch with the Bihar Gramin Bank Rasulpur Chatti branch or the head office, here are the contact details:

• Branch Phone Number: 9297955272
• Branch Address: Rasulpur Chatti, SARAN, 841204, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Bihar Gramin Bank): 18001807777

FAQs

Q1: What is the IFSC code for Bihar Gramin Bank Rasulpur Chatti branch?

A1: The IFSC code for the Bihar Gramin Bank Rasulpur Chatti branch is PUNB0MBGB06.

Q2: Can I use an old Uttar Bihar Gramin Bank (UBGB) IFSC code for a transaction to this branch?

A2: No, you cannot. All old IFSC codes for Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) are invalid after their merger. You must use the new code, PUNB0MBGB06, for all transactions to Bihar Gramin Bank branches.

Q3: What services require an IFSC code?

A3: The IFSC code is required for all electronic fund transfer services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Q4: What do the different parts of the IFSC code PUNB0MBGB06 represent?

A4: “PUNB” signifies Punjab National Bank (the sponsor bank). The “0” is reserved for future use. “MBGB06” identifies the specific Rasulpur Chatti branch of Bihar Gramin Bank.

Q5: Is Bihar Gramin Bank the same as Uttar Bihar Gramin Bank?

A5: No, they are not the same. Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank merged to form Bihar Gramin Bank. So, Bihar Gramin Bank is the new, combined entity.