Bihar Gramin Bank Chap IFSC Code

Chap is a small area located in the Siwan district of Bihar. When you need to send money electronically to or from the Bihar Gramin Bank branch here, you’ll need a special code called an IFSC. This code is essential for various online money transfer methods like NEFT, RTGS, and IMPS. It ensures your funds go to the correct bank and branch without any issues. Think of it as a unique digital address for the bank branch, making your financial transactions secure and accurate.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Chap
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100675
Branch Address	Chap, SIWAN, 841226, 9297954430
Contact Number	9297954430
City	SIWAN
District	SIWAN
Pincode	841226
State	Bihar

Merger Update

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank. It was formed through the amalgamation of different regional rural banks. While some older regional rural banks in Bihar like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have also undergone changes, the Chap branch of Bihar Gramin Bank uses the specific IFSC code PUNB0MBGB06. This code reflects its connection to Punjab National Bank (PNB), which is the sponsor bank for Bihar Gramin Bank, and often incorporates identifiers from its legacy banks (like ‘MBGB’ for Madhya Bihar Gramin Bank, which merged into Bihar Gramin Bank). It is vital to understand that PUNB0MBGB06 is the *only valid* IFSC code for transactions concerning the Chap branch. Any older or revoked IFSC codes associated with previous bank structures are no longer active for this branch, and using them will cause your transaction to fail.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character code assigned by the Reserve Bank of India (RBI) to identify each bank branch uniquely for electronic fund transfers.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, indicating its role as the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a separator.
• The last six characters identify the specific bank branch. In this case, “MBGB06” uniquely identifies the Chap branch within the Bihar Gramin Bank system, under the PNB sponsorship.

This unique identification ensures that your money reaches the correct branch account every time you make an online transfer.

How to Use an IFSC Code

You will need the IFSC code when initiating various types of online money transfers. Here’s how it works for common methods:

NEFT (National Electronic Funds Transfer)

For NEFT transactions, you typically provide the beneficiary’s bank account number, their name, and the IFSC code of their bank branch. The funds are processed in batches throughout the day. For example, if you are sending money to an account in the Bihar Gramin Bank Chap branch, you would enter PUNB0MBGB06 along with the recipient’s account details.

RTGS (Real Time Gross Settlement)

RTGS is used for high-value transactions, usually above Rs. 2 lakhs. Like NEFT, it requires the beneficiary’s account number, name, and the specific IFSC code. RTGS transactions are processed individually and immediately, so the correct IFSC code ensures quick and accurate settlement.

IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays. When using mobile banking or internet banking for IMPS, you’ll enter the beneficiary’s account number and the IFSC code, or sometimes just their mobile number and MMID (Mobile Money Identifier). The IFSC code PUNB0MBGB06 confirms the target branch for the immediate transfer.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Accurate Fund Transfers: It ensures that money sent through NEFT, RTGS, or IMPS reaches the intended bank branch and account without error.
• Faster Processing: With the correct IFSC, transactions are processed efficiently, minimizing delays.
• Security: The unique code helps prevent misdirection of funds, adding an extra layer of security to your online financial activities.
• Convenience: It enables seamless online banking, allowing you to transfer money from anywhere at any time without needing to visit the bank.
• Essential for Online Payments: Many online payment platforms and e-commerce sites require an IFSC code for bank transfers, making it a crucial piece of information for digital transactions.

Contact Information

Should you need to contact the bank for any queries regarding the Chap branch or general banking services:

• Branch Phone Number: 9297954430
• Branch Address: Chap, SIWAN, 841226, Bihar
• Head Office Address (Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank, for Bihar Gramin Bank related queries): 18001807777

FAQs

Q1: Can I use an old IFSC code if I still have it?
A: No, it is critical to use only the current and valid IFSC code. For Bihar Gramin Bank Chap branch, this is PUNB0MBGB06. Using an outdated or revoked code will result in your transaction being rejected, and the funds will not be transferred.

Q2: What should I do if my online transfer fails due to an incorrect IFSC code?
A: If a transaction fails because of an incorrect IFSC code, the funds are usually reverted to the sender’s account within a few hours or a business day. Always double-check the IFSC code before initiating a transfer to avoid such delays.

Q3: Is the IFSC code the same as the MICR code?
A: No, the IFSC code and MICR code are different. The IFSC code (PUNB0MBGB06) is used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR code (Magnetic Ink Character Recognition code), which for Chap branch is 800811002, is primarily used for processing paper cheques electronically.

Q4: How can I find the IFSC code for other Bihar Gramin Bank branches?
A: You can find IFSC codes on your bank passbook or chequebook. Alternatively, most bank websites, including Punjab National Bank’s site (as they sponsor Bihar Gramin Bank), provide an IFSC code finder tool. The Reserve Bank of India (RBI) website also maintains a comprehensive list.

Q5: Can I receive international transfers using this IFSC code?
A: The IFSC code is primarily for domestic electronic fund transfers within India. For international transfers (SWIFT transfers), a different code called the SWIFT (Society for Worldwide Interbank Financial Telecommunication) code or BIC (Bank Identifier Code) is typically used. You would need to inquire with the bank directly for their specific SWIFT code if you intend to receive funds from outside India.