Bihar Gramin Bank Gobind Chak IFSC Code

The Gobind Chak branch of Bihar Gramin Bank serves the community in the SARAN district of Bihar. This branch plays an important role in local banking, providing essential financial services to its customers. When you need to transfer money electronically, whether through NEFT, RTGS, or IMPS, knowing the correct IFSC (Indian Financial System Code) for this branch is crucial. This unique code ensures that your funds are sent to the exact bank and branch you intend, preventing errors and delays in your transactions.

Branch Details

Here are the key details for the Bihar Gramin Bank, Gobind Chak branch:

Bank Name	Bihar Gramin Bank
Branch Name	Gobind Chak
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100604
Branch Address	Gobind Chak, SARAN, 841412, 9297955225
Contact Number	9297955225
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841412
State	Bihar

Merger Update

Bihar Gramin Bank came into existence through the merger of two prominent regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to strengthen regional banking services and expand the customer reach. As part of this merger, Punjab National Bank (PNB) became the sponsor bank for the newly formed Bihar Gramin Bank.

A key change resulting from this merger affects IFSC codes. The old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for any transactions. For branches that are now part of Bihar Gramin Bank, including the Gobind Chak branch, a new, standardized IFSC code has been introduced under the sponsorship of Punjab National Bank.

Therefore, for the Gobind Chak branch of Bihar Gramin Bank, the only valid IFSC code for all electronic fund transfers is PUNB0MBGB06. Attempting to use any old UBGB or DBGB IFSC codes will cause your transactions to fail. Always ensure you use this new, correct code for accurate and successful money transfers.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. The Reserve Bank of India (RBI) assigns these codes to facilitate electronic fund transfers accurately across the country.

The 11 characters of an IFSC code follow a specific structure:

• The first four characters represent the bank name. For instance, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and remains a constant placeholder in all IFSC codes.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” is the unique code for the Gobind Chak branch.

Understanding this structure helps you verify the correctness of an IFSC code, ensuring your money goes to the right place.

How to Use an IFSC Code

You will need the IFSC code when performing various electronic fund transfers, such as NEFT, RTGS, or IMPS. Here’s a general guide on how to use it:

1. Log In: Access your bank’s net banking portal or mobile banking application.
2. Select Transfer Type: Choose the type of transfer you wish to make (e.g., NEFT, RTGS, or IMPS).
3. Add Beneficiary: If you’re sending money to a new recipient, you will need to add them as a beneficiary. This usually involves providing:
   • The beneficiary’s bank account number.
   • The beneficiary’s full name.
   • The beneficiary’s bank branch IFSC code (for the Gobind Chak branch, this is PUNB0MBGB06).
4. Enter Amount: Specify the amount of money you want to transfer.
5. Review and Confirm: Double-check all the details, especially the account number and IFSC code, before confirming the transaction. This step is critical to prevent errors.

For example, if you’re sending money to a family member who banks with Bihar Gramin Bank, Gobind Chak, you would enter their account number and the IFSC code PUNB0MBGB06 into your online banking platform.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch of someone you are sending money to, offers several important benefits:

• Accuracy in Transfers: The IFSC code acts as a precise address for electronic transactions, ensuring your money reaches the correct bank branch and account without error.
• Faster Processing: It streamlines the process for NEFT, RTGS, and IMPS transfers, leading to quicker crediting of funds to the recipient’s account.
• Enhanced Security: By uniquely identifying each branch, the IFSC code adds a layer of security, reducing the risk of fraudulent or misdirected transactions.
• Nationwide Connectivity: It enables seamless and standardized electronic fund transfers across various banks and branches throughout India.
• Convenience: With the IFSC code, you can initiate and complete transactions from anywhere, using online banking or mobile apps, without needing to visit a physical bank branch.

Contact Information

For inquiries related to the Bihar Gramin Bank, Gobind Chak branch, or the bank’s head office, you can use the following details:

• Branch Phone Number: 9297955225
• Branch Address: Gobind Chak, SARAN, 841412
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What does IFSC stand for?
A1: IFSC stands for Indian Financial System Code. It is a unique 11-character code used for electronic fund transfers in India.

Q2: Is the 5th character always zero in an IFSC code?
A2: Yes, the fifth character in every IFSC code is always ‘0’ (zero). It serves as a control character reserved for future use.

Q3: Can I use an old Uttar Bihar Gramin Bank (UBGB) IFSC code for a Bihar Gramin Bank branch?
A3: No. Following the merger of UBGB and DBGB into Bihar Gramin Bank, all old IFSC codes are revoked. You must use the new consolidated IFSC code, such as PUNB0MBGB06 for the Gobind Chak branch, for all transactions.

Q4: Why does Bihar Gramin Bank’s IFSC code start with ‘PUNB’?
A4: Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The ‘PUNB’ in the IFSC code indicates its sponsor bank. This is a common practice for Regional Rural Banks (RRBs).

Q5: What is the main difference between NEFT, RTGS, and IMPS in terms of using the IFSC code?
A5: The IFSC code is mandatory for all three types of transfers (NEFT, RTGS, IMPS) to ensure funds reach the correct branch. The main differences lie in the settlement time and transaction limits. NEFT transactions are processed in batches, RTGS transactions are processed individually in real-time for large amounts, and IMPS allows instant transfers 24/7 for smaller amounts.