Bihar Gramin Bank Chand Sarai IFSC Code

If you’re looking for banking services in Chand Sarai, a locality within the Vaishali district of Bihar, understanding how to transfer funds electronically is essential. For any digital money transfer like NEFT, RTGS, or IMPS, an IFSC code is a critical piece of information. This unique code identifies specific bank branches and ensures your funds reach the correct destination quickly and securely.

Branch Details

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

Bank Name	Bihar Gramin Bank
Branch Name	Chand Sarai
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100047
Branch Address	Chand Sarai, VAISHALI, 844505
Contact Number	9297954975
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844505
State	Bihar

Merger Update

It’s important to understand the structure of Bihar Gramin Bank. This bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). Historically, the banking landscape in Bihar saw the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB).

As a result of this consolidation, Bihar Gramin Bank now operates under a unified system. All its branches, including the Chand Sarai branch, use a common series of IFSC codes that begin with PUNB0, indicating its sponsorship by Punjab National Bank. The specific IFSC code for Chand Sarai, PUNB0MBGB06, reflects this structure.

If you previously used an IFSC code for a branch that belonged to UBGB or DBGB, those old codes are no longer valid for transactions. You must use the new, consolidated IFSC code, such as PUNB0MBGB06, for all your fund transfers to ensure they are processed correctly.

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 fund transfers in India. Each IFSC code is structured in a specific way:

• The first four characters represent the bank name. For example, in PUNB0MBGB06, PUNB stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and helps distinguish bank codes from branch codes.
• The last six characters identify the specific branch. In PUNB0MBGB06, MBGB06 refers to the Chand Sarai branch of Bihar Gramin Bank.

This standardized structure helps the Reserve Bank of India (RBI) efficiently manage and track electronic fund transfers across the country.

How to Use an IFSC Code

When you need to send money electronically using services like NEFT, RTGS, or IMPS, the IFSC code is a mandatory detail. Here’s a general guide on how to use it:

For NEFT (National Electronic Funds Transfer)

NEFT is a batch-processing system for transferring funds. It’s suitable for non-urgent transfers and processes transactions in hourly batches.

1. Log in to your net banking account or visit your bank branch.
2. Select the ‘NEFT’ option for fund transfer.
3. Add a new beneficiary or select an existing one.
4. Enter the beneficiary’s details: their name, account number, account type (savings or current), and the IFSC code of their bank branch (e.g., PUNB0MBGB06 for Chand Sarai branch).
5. Enter the amount you wish to transfer.
6. Confirm the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large-value transactions that need to be processed immediately. Transfers are settled individually on a real-time basis.

1. Log in to your net banking account or visit your bank branch.
2. Choose the ‘RTGS’ option for fund transfer.
3. Enter the beneficiary’s details, including their name, account number, account type, and the correct IFSC code (e.g., PUNB0MBGB06).
4. Enter the amount. RTGS usually has a minimum transaction limit (e.g., Rs 2 Lakh).
5. Confirm and complete the transaction.

For IMPS (Immediate Payment Service)

IMPS offers instant, 24/7 fund transfers, including on holidays. It’s often used for smaller, urgent transfers.

1. Log in to your mobile banking app or net banking.
2. Select the ‘IMPS’ option.
3. You might have two ways to transfer: using account number and IFSC, or using mobile number and MMID. For account number and IFSC, enter the beneficiary’s account number and the IFSC code (e.g., PUNB0MBGB06).
4. Enter the amount to be transferred.
5. Verify the details and proceed with the transfer.

Always double-check the IFSC code and account number before confirming any transaction to avoid delays or misdirected funds.

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 advantages:

• Accurate Fund Transfers: It ensures that your money reaches the intended beneficiary’s account in the correct bank and branch.
• Prevents Errors: Using the precise IFSC code minimizes the chances of funds being transferred to the wrong account, which can be a complex issue to resolve.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions smoothly and without delays.
• Mandatory for Online Banking: It’s a fundamental requirement for setting up beneficiaries and initiating most online electronic fund transfers.
• Easy Verification: It allows you to quickly verify the branch details of an account holder, providing an extra layer of security.

Contact Information

If you need to get in touch with the bank, here are the relevant contact details:

• Chand Sarai Branch Phone Number: 9297954975
• Chand Sarai Branch Address: Chand Sarai, VAISHALI, 844505, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes:

Q1: Is an IFSC code required for all types of bank transactions?
A1: An IFSC code is specifically required for online electronic fund transfers like NEFT, RTGS, and IMPS. You typically do not need it for cash deposits, ATM withdrawals, or transfers within the same bank using only an account number (though some internal transfers might still ask for it for verification).

Q2: What happens if I use an incorrect IFSC code?
A2: If you enter an incorrect IFSC code, your transaction will likely fail immediately, or the bank’s system will flag it as invalid. In some rare cases, if the incorrect code points to a valid but different branch, the funds might be delayed or misdirected, making it difficult to recover. Always double-check the code.

Q3: Can two different bank branches have the same IFSC code?
A3: No, each bank branch has a unique 11-character IFSC code. This uniqueness is what allows the system to accurately direct funds to the specific branch and account.

Q4: Where can I find the IFSC code for my bank branch?
A4: You can find the IFSC code printed on your cheque book (usually on the top left or right side), on your bank passbook, or by logging into your bank’s net banking portal or mobile app. You can also find it on the official website of the Reserve Bank of India (RBI) or through reliable third-party financial websites.

Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code used primarily for processing cheques. It identifies the bank, city, and branch for cheque clearing purposes, whereas the IFSC code is for electronic fund transfers.