Chandanbagh is a neighborhood in Munger (Monghyr) district, Bihar. This article covers the key banking details for the Bihar Gramin Bank branch at Chandanbagh and explains why the IFSC matters for electronic fund transfers. IFSC (Indian Financial System Code) is required to route payments through NEFT, RTGS and IMPS. Entering the correct IFSC guarantees your funds reach the intended branch and account quickly and without manual intervention.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Chandanbagh |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 3234 |
| Branch Address | Chandanbagh, Munger (Monghyr), 811202, 8102912669 |
| Contact Number | 8102912669 |
| City | Munger (Monghyr) |
| District | Munger (Monghyr) |
| Reason | BHAGALPUR |
| Pincode | 811202 |
| State | Bihar |
Merger update
Bihar Gramin Bank branches that were earlier part of Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) have been integrated under Punjab National Bank (PNB). These branches now use the single IFSC PUNB0MBGB06 for all electronic transfers. Old UBGB/DBGB IFSC codes have been revoked. For NEFT, RTGS and IMPS you must use the new IFSC code PUNB0MBGB06; transactions using old codes will fail or be returned.
What is IFSC Code?
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify bank branches in electronic payment systems.
The structure is:
- First 4 characters — bank code (example: PUNB for Punjab National Bank).
- 5th character — always zero (reserved for future use).
- Last 6 characters — branch identifier (alphanumeric). In PUNB0MBGB06, the last six are MBGB06, which points to the Chandanbagh branch under PNB’s coding.
Note: The separate numeric “branch code” printed by a bank (here 3234) is an internal number and may not match the alphanumeric last six characters of the IFSC.
How to use IFSC Code (NEFT, RTGS, IMPS)
- Step 1 — Collect details: beneficiary name, account number, and IFSC (here PUNB0MBGB06).
- Step 2 — Choose transfer mode: NEFT for most transfers (no minimum), RTGS for high-value, urgent transfers (typically for larger sums; banks set minimums such as ₹2,00,000), IMPS for instant 24×7 small-to-medium payments (limits vary by bank).
- Step 3 — Add beneficiary: in your bank’s netbanking or mobile app, add the beneficiary using account number and IFSC. The app will usually validate IFSC format and may show the branch name.
- Step 4 — Confirm and transfer: select the beneficiary, enter amount and purpose, verify details on screen, authenticate (OTP/token) and submit.
- Step 5 — Verify receipt: for IMPS and RTGS the credit is typically immediate; NEFT settles in hourly/batch cycles (or continuously depending on current RBI rules). Keep the transaction reference number and check with beneficiary if funds appear.
Benefits of knowing the correct IFSC
- Ensures funds are routed electronically to the correct branch and account without manual intervention.
- Reduces failed transfers, returns and processing delays.
- Makes beneficiary setup faster—many apps auto-validate IFSC and display branch details.
- Helps reconcile payments: IFSC and MICR together identify the exact branch for cheque clearing and non-cash settlements.
- Essential after bank mergers or branch relocations—using the updated IFSC avoids rejected transactions.
Contact
Branch phone no: 8102912669
Branch address: Chandanbagh, Munger (Monghyr), 811202
Head office address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll free no: 18001807777
FAQs
Q: Where can I confirm the IFSC for this branch?
A: Confirm on the bank’s official communication (passbook, cheque leaf, account statement) or by calling the branch at 8102912669. After the UBGB/DBGB merger, the valid IFSC is PUNB0MBGB06.
Q: What happens if I enter a wrong IFSC?
A: If the IFSC does not match a valid branch, the transfer will usually be rejected or returned. If the wrong IFSC belongs to another valid branch, the funds may be routed to the wrong account—this requires bank intervention to recover and may take time. Always double-check account number and IFSC before confirming.
Q: Is IFSC the same as MICR?
A: No. IFSC is used for electronic transfers (NEFT/RTGS/IMPS). MICR (here 800811002) is a 9-digit code used primarily for faster cheque clearing through the banking clearing system.
Q: After a merger, do I keep my same account number?
A: Usually account numbers remain the same, but the IFSC and bank identifier may change. For Chandanbagh, the branch now operates under PNB’s IFSC PUNB0MBGB06. Confirm with the branch if any account number changes were applied to your specific account.
Q: How can I verify an IFSC before sending money?
A: Verify IFSC by checking your chequebook or passbook, calling the branch phone number (8102912669), or confirming in your bank’s official statements. When adding a beneficiary in a bank app, a correct IFSC often autofills the branch name—use that as an extra check.
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.