Bihar Gramin Bank Chaksikander IFSC Code

For residents and businesses in Chaksikander, a village nestled in the Vaishali district of Bihar, understanding banking essentials is key to smooth financial operations. When you need to send money electronically within India, whether to a family member, a supplier, or for any other transaction, the Indian Financial System Code (IFSC) becomes crucial. This unique code acts like a digital address for bank branches, making sure your funds transferred through systems like NEFT, RTGS, and IMPS reach the correct destination quickly and securely.

Branch Details

Here are the key details for the Bihar Gramin Bank branch in Chaksikander:

Bank Name	Bihar Gramin Bank
Branch Name	Chaksikander
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100035
Branch Address	Chaksikander, VAISHALI, 844115, 9297954973
Contact Number	9297954973
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844115
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important to note the changes regarding Bihar Gramin Bank. This bank was formed from the merger of two older regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, a new, unified IFSC code was adopted for all branches, and the bank now operates under the sponsorship of Punjab National Bank (PNB).

Specifically, all Bihar Gramin Bank branches, including Chaksikander, now use the single IFSC code PUNB0MBGB06. This means that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked and are no longer valid for transactions. When making any digital fund transfer to or from a Bihar Gramin Bank account, you must use PUNB0MBGB06 to ensure the transaction processes correctly.

What is an IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is critical for all electronic fund transfers.

Let’s break down the IFSC code PUNB0MBGB06:

• The first four characters represent the bank. In this case, PUNB stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps to differentiate between bank codes and branch codes.
• The last six characters identify the specific branch. Here, MBGB06 is the unique code for the Chaksikander branch of Bihar Gramin Bank.

This structure ensures that each bank branch has its own distinct digital address, preventing errors in money transfers.

How to Use an IFSC Code

You will need the IFSC code for various electronic fund transfer methods like NEFT, RTGS, and 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 want to make – NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. This usually involves entering their name, account number, bank name, and the branch’s IFSC code.
4. Enter Details: Provide the beneficiary’s bank account number and the IFSC code (PUNB0MBGB06 for Bihar Gramin Bank, Chaksikander).
5. Amount and Confirm: Enter the amount you wish to transfer and confirm the details before finalizing the transaction.

For example, if you are sending money to an account holder at Bihar Gramin Bank, Chaksikander, you would input their account number and PUNB0MBGB06 when prompted during the transfer process.

Benefits of Knowing Your IFSC Code

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

• Enables Electronic Transfers: It is essential for initiating digital transactions like NEFT, RTGS, and IMPS, allowing for fast and efficient money movement.
• Ensures Accuracy: The unique code helps guarantee that funds are routed to the precise bank and branch, minimizing the risk of errors or misdirected payments.
• Standardized System: It provides a uniform system across all banks in India, making inter-bank transfers seamless and reliable.
• Required for Various Services: Beyond direct transfers, the IFSC code is often needed for online bill payments, loan applications, and other financial services where bank details are required.
• Saves Time: It automates the process of identifying bank branches, which is much faster and more efficient than manual methods.

Contact Information

For specific queries or assistance, you can reach out to the bank using the following details:

• Chaksikander Branch Phone Number: 9297954973
• Chaksikander Branch Address: Chaksikander, VAISHALI, 844115, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: Why do I need an IFSC code for bank transfers?

A1: You need an IFSC code to uniquely identify the beneficiary’s bank and branch for electronic fund transfers like NEFT, RTGS, and IMPS. It ensures your money goes to the correct destination securely and efficiently.

Q2: Is the IFSC code for Bihar Gramin Bank Chaksikander unique?

A2: Yes, the IFSC code PUNB0MBGB06 is unique to the Chaksikander branch of Bihar Gramin Bank. While other branches of Bihar Gramin Bank will share the first few characters (PUNB0MBGB), the last six characters will be different for each specific branch.

Q3: What happens if I use an old IFSC code for Bihar Gramin Bank?

A3: If you attempt to use an old IFSC code from before the merger (e.g., an old UBGB or DBGB code), your transaction will likely fail. The banking system recognizes only the new, unified IFSC code, PUNB0MBGB06, for Bihar Gramin Bank branches.

Q4: Where can I find the IFSC code for my Bihar Gramin Bank account?

A4: You can usually find the IFSC code printed on your bank passbook, your cheque book, or by visiting the official Bihar Gramin Bank website. You can also find it through online IFSC code search portals using the bank and branch name.

Q5: What are NEFT, RTGS, and IMPS, and how do they differ?

A5: These are systems for electronic fund transfers:

• NEFT (National Electronic Funds Transfer): Processes transactions in batches hourly. Funds are typically credited within a few hours on business days.
• RTGS (Real Time Gross Settlement): Processes transactions individually and continuously, in real-time. It’s usually for larger amounts due to its immediate nature.
• IMPS (Immediate Payment Service): Offers instant, 24/7 fund transfers, even on holidays. It’s suitable for smaller, urgent transactions.

All three require the correct IFSC code to function.