Bihar Gramin Bank Chilwania Tola Rehra IFSC Code

The Bihar Gramin Bank branch in Chilwania Tola Rehra, located in the WEST CHAMPARAN district of Bihar, serves as a crucial financial touchpoint for the local community. To handle money transfers in today’s digital world, understanding the Indian Financial System Code (IFSC) for this branch is essential. The IFSC acts as a unique identifier for bank branches across India, making it possible for funds to be transferred accurately and quickly through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Without the correct IFSC, these digital transactions cannot be completed, ensuring that your money reaches the right recipient at the intended branch.

Branch Details

Here are the complete details for the Bihar Gramin Bank, Chilwania Tola Rehra branch:

Bank Name	Bihar Gramin Bank
Branch Name	Chilwania Tola Rehra
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100311
Branch Address	Chilwania Tola Rehra, WEST CHAMPARAN, 845104
Contact Number	9297954025
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Reason	BETTIAH
Pincode	845104
State	Bihar

Merger Update for Bihar Gramin Bank

It’s important for customers to know about recent changes concerning regional rural banks in Bihar. The erstwhile Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged to form a single, larger entity known as Bihar Gramin Bank. This merger aimed to consolidate operations and improve services. As a result of this merger, all branches under the new Bihar Gramin Bank, including Chilwania Tola Rehra, now use a unified IFSC code structure managed by Punjab National Bank (PNB), which is the sponsor bank.

The new, valid IFSC code for Bihar Gramin Bank branches, such as Chilwania Tola Rehra, is PUNB0MBGB06. It is crucial to understand that any old IFSC codes previously used for UBGB or DBGB branches have been revoked and are no longer valid for any banking transactions. When sending or receiving funds, always use the current IFSC code PUNB0MBGB06 to ensure your transactions are processed successfully and without delay.

What is an IFSC Code?

The IFSC Code is an eleven-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. Think of it as a specific address for a bank branch in the digital world. The structure of the IFSC code is standardized:

• The first four characters represent the bank’s name. For Bihar Gramin Bank, since it’s sponsored by Punjab National Bank, these characters are "PUNB".
• The fifth character is always a "0" (zero). This character is reserved for future use and acts as a control digit.
• The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, "MBGB06" pinpoints the Bihar Gramin Bank branches under this specific identifier within the Punjab National Bank system, allowing for accurate routing of funds to the Chilwania Tola Rehra branch.

How to Use an IFSC Code

Using the correct IFSC code is simple but critical for digital fund transfers like NEFT, RTGS, and IMPS. Here’s a step-by-step guide:

1. Gather Beneficiary Details: Before initiating a transfer, you’ll need the recipient’s full name, account number, account type (savings or current), the bank’s name (Bihar Gramin Bank), and the correct IFSC code (PUNB0MBGB06).
2. Log In to Your Net Banking or Mobile Banking App: Access your online banking portal or mobile application.
3. Select Fund Transfer Option: Look for options like "Fund Transfer," "NEFT," "RTGS," or "IMPS."
4. Add a New Beneficiary: If you haven’t transferred money to this person before, you’ll need to add them as a new beneficiary. You will be prompted to enter their account number, account holder’s name, and the IFSC code (PUNB0MBGB06). Some systems might auto-fill the bank and branch name once you enter the IFSC.
5. Confirm and Transfer: After adding the beneficiary (which might involve a waiting period for security for some banks), select them for the transfer, enter the amount, and confirm the transaction using your password or PIN.

Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong account.

Benefits of Knowing Your IFSC Code

Having easy access to the correct IFSC code for Bihar Gramin Bank, Chilwania Tola Rehra, provides several advantages:

• Ensures Secure and Accurate Transfers: The unique code directs funds precisely to the intended branch, minimizing errors and ensuring your money reaches the correct recipient.
• Facilitates Faster Transactions: With the correct IFSC, NEFT, RTGS, and IMPS transactions are processed efficiently, allowing for quick transfer of funds, often within minutes for IMPS.
• Enables Digital Banking: It is a fundamental requirement for all online fund transfers, allowing you to manage your finances from anywhere, anytime, without visiting a physical bank branch.
• Prevents Transaction Failures: Incorrect or outdated IFSC codes will cause a transaction to fail or be rejected, leading to delays and inconvenience. Using the current PUNB0MBGB06 ensures smooth processing.
• Unique Identification: Each branch’s unique IFSC code helps banks and payment systems distinguish between thousands of branches across India.

Contact Information

For any banking queries related to the Chilwania Tola Rehra branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954025
• Branch Address: Chilwania Tola Rehra, WEST CHAMPARAN, 845104
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the primary purpose of an IFSC Code?
A1: The primary purpose of an IFSC code is to uniquely identify each bank branch in India for electronic fund transfers. It ensures that money sent via NEFT, RTGS, or IMPS reaches the exact intended branch and account without error.

Q2: Can I use an old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB)?
A2: No, you cannot. Following the merger of UBGB and DBGB into Bihar Gramin Bank, all old IFSC codes are revoked. You must use the new, consolidated IFSC code, PUNB0MBGB06, for all transactions involving Bihar Gramin Bank branches.

Q3: What happens if I enter the wrong IFSC code during a transaction?
A3: If you enter an incorrect IFSC code, your transaction will likely fail immediately and be rejected by the banking system. The funds will not be debited from your account, or if they are, they will typically be reversed within a short period. It’s crucial to always verify the IFSC code before initiating a transfer to avoid delays.

Q4: Is the IFSC code the same as the MICR code?
A4: No, IFSC and MICR codes are different. While both are unique identifiers, the IFSC (Indian Financial System Code) is used for electronic fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit code primarily used for processing physical cheques. The MICR code for Chilwania Tola Rehra branch is 800811002, distinct from its IFSC code PUNB0MBGB06.

Q5: Why is the fifth character in the IFSC code always ‘0’?
A5: The fifth character in an IFSC code is always ‘0’ (zero) and is reserved for future use. This provides flexibility for the banking system to incorporate changes or expand the code structure if needed in the future, without disrupting existing codes.