Bihar Gramin Bank Khalilchak IFSC Code

The Bihar Gramin Bank branch located in Khalilchak, Sheikhpura, Bihar, serves as an important hub for financial services in the region. When you need to send or receive money through digital channels like NEFT, RTGS, or IMPS, an Indian Financial System Code (IFSC) is essential. This unique code ensures your funds reach the correct bank and branch without any issues, making your transactions secure and efficient.

Branch Details Table

Bank Name	Bihar Gramin Bank
Branch Name	Khalilchak
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3320
Branch Address	Khalilchak, Sheikhpura, 811101, 7061383153
Contact Number	7061383153
City	Sheikhpura
District	Sheikhpura
Reason	NAWADA
Pincode	811101
State	Bihar

Merger Update

The Khalilchak branch was previously operating under Bihar Gramin Bank. Over time, the structure of regional rural banks in Bihar has changed due to mergers. This branch is now part of Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank.

It is important to understand the broader changes in regional rural banks. For example, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have also merged. For any branch that was part of these merged entities, their old IFSC codes have been revoked. The single, unified IFSC code now used for transactions, including those processed under the umbrella of Punjab National Bank’s regional rural banks like Madhya Bihar Gramin Bank, is PUNB0MBGB06. This ensures all financial transfers are processed correctly and securely through a standardized system.

What is IFSC Code?

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

The structure of the IFSC code is straightforward:

• The first four characters are alphabetic and represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” indicates Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use.
• The last six characters are alphanumeric and represent the specific branch code. In PUNB0MBGB06, “MBGB06” identifies the Khalilchak branch of Madhya Bihar Gramin Bank.

Knowing this structure helps you quickly identify the bank and branch associated with an IFSC code.

How to Use IFSC Code

The IFSC code is crucial for initiating online fund transfers through various systems:

• NEFT (National Electronic Funds Transfer): This system processes transfers in batches. You can use it to send money to any bank account in India that participates in NEFT.
• RTGS (Real-Time Gross Settlement): RTGS is designed for large-value transactions, typically for amounts above Rs. 2 lakh. Transfers are processed individually and immediately, in real-time.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers. It’s suitable for smaller, urgent transactions and can be used via mobile banking or internet banking.

Here are the general steps to use an IFSC code for fund transfers:

1. Log in to your bank’s internet banking portal or mobile banking app.
2. Go to the ‘Fund Transfer’ or ‘Payments’ section.
3. Select the type of transfer you wish to make (NEFT, RTGS, or IMPS).
4. If you are sending money to a new recipient, you will need to add them as a beneficiary. Provide details such as:
   • Beneficiary Name
   • Beneficiary Account Number
   • Confirm Beneficiary Account Number
   • IFSC Code of the beneficiary’s bank branch (e.g., PUNB0MBGB06 for Khalilchak branch)
5. Enter the amount you wish to transfer.
6. Review all the details carefully to avoid errors.
7. Confirm the transaction, often by entering an OTP (One-Time Password) or transaction PIN.

Using the correct IFSC code is paramount for the transfer to succeed and reach the intended recipient.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Ensures Accuracy: It directs funds to the precise bank and branch, minimizing the risk of transfers going to the wrong account.
• Speeds Up Transactions: With the correct IFSC, electronic fund transfers like NEFT, RTGS, and IMPS are processed quickly and smoothly.
• Enhances Security: It adds a layer of security by uniquely identifying the destination of funds, reducing fraud risks.
• Facilitates Online Banking: Most online banking platforms require the IFSC for adding beneficiaries and initiating transfers, making it essential for digital financial activities.
• Compliance: Using IFSC codes is a mandatory requirement set by the RBI for interbank electronic fund transfers.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank, Khalilchak branch, you can use the following contact details:

• Branch Phone Number: 7061383153
• Branch Address: Khalilchak, Sheikhpura, 811101
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank sponsor): 18001807777

FAQs

Here are some frequently asked questions about IFSC codes and the Bihar Gramin Bank, Khalilchak branch:

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code.

Q2: Is the fifth character in the IFSC code always a zero?
A2: Yes, the fifth character of an IFSC code is always ‘0’ (zero) and is reserved for future use.

Q3: Can I use an old IFSC code for Bihar Gramin Bank, Khalilchak branch?
A3: No, you must use the current and valid IFSC code PUNB0MBGB06 for all electronic transactions. Old codes for previously merged entities are no longer valid.

Q4: What types of transactions require an IFSC code?
A4: IFSC codes are required for all electronic fund transfers, including NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).

Q5: Who sponsors Madhya Bihar Gramin Bank?
A5: Madhya Bihar Gramin Bank is sponsored by Punjab National Bank.