Bihar Gramin Bank Chailahan IFSC Code

The Bihar Gramin Bank’s Chailahan branch is located in the EAST CHAMPARAN district of Bihar. Knowing the Indian Financial System Code (IFSC) for this branch is crucial for anyone looking to send or receive money electronically. This unique code enables smooth and secure fund transfers through systems like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your money reaches the correct bank and branch without delays.

Bihar Gramin Bank Chailahan Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Chailahan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108030
Branch Address	Chailahan, EAST CHAMPARAN, 845401
Contact Number	9297954617
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845401
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This consolidation aimed to streamline operations and enhance banking services across Bihar. As a result of this merger, all branches, including Chailahan, now operate under a unified IFSC code structure with Punjab National Bank as the sponsor bank. The new IFSC code for Bihar Gramin Bank branches, like PUNB0MBGB06, reflects this change.

It’s important to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now invalid. For all your electronic fund transfers to any Bihar Gramin Bank branch, including Chailahan, you must use the new, unified IFSC code, which starts with “PUNB0MBGB”. Using an old or incorrect IFSC code will lead to transaction failures.

What is an IFSC Code?

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code uniquely identifying every bank branch participating in online money transfers in India. This code is crucial for all electronic payment systems like NEFT, RTGS, and IMPS.

The structure of an IFSC code is specific:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use.
• The last six characters identify the specific bank branch. In PUNB0MBGB06, “MBGB06” uniquely identifies the Chailahan branch of Bihar Gramin Bank.

This unique combination ensures that funds are routed to the precise bank and branch you intend.

How to Use an IFSC Code

Using an IFSC code is straightforward when you’re making electronic fund transfers. Here’s a general step-by-step guide for NEFT, RTGS, and IMPS:

1. Log In: Access your bank’s internet banking portal or mobile banking application. If you prefer offline, visit your bank branch to fill out a fund transfer form.
2. Select Transfer Type: Choose the type of fund transfer you wish to make: NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary. You will be asked for:
   • Beneficiary Name
   • Beneficiary Account Number
   • Beneficiary Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary Branch Name (e.g., Chailahan)
   • Beneficiary IFSC Code (e.g., PUNB0MBGB06)
4. Enter Amount: Specify the amount of money you wish to transfer.
5. Confirm and Authorize: Double-check all the details you’ve entered, especially the IFSC code and account number. Errors can lead to transfers to incorrect accounts. Once confirmed, authorize the transaction using your password or PIN.

For NEFT and RTGS, transfers are processed in batches or continuously during specific banking hours. IMPS offers immediate, 24/7 transfers.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code at hand offers several advantages:

• Facilitates Online Transfers: It is essential for initiating NEFT, RTGS, and IMPS transactions, allowing for quick and paperless money transfers.
• Ensures Accuracy: The unique branch identification ensures that your funds are directed to the correct recipient bank and branch, minimizing the risk of errors.
• Speeds Up Transactions: With the correct IFSC, electronic transfers are processed efficiently, reducing the time it takes for money to reach its destination compared to traditional methods.
• Supports Inter-Bank Operations: It enables seamless communication and transaction processing between different banks in India.
• Convenience: You can transfer funds from anywhere at any time (for IMPS) or during banking hours (for NEFT/RTGS) without needing to visit a physical bank branch.

Contact Information

For assistance with your Bihar Gramin Bank account or the Chailahan branch, you can use the following contact details:

• Branch Phone Number: 9297954617
• Branch Address: Chailahan, EAST CHAMPARAN, 845401
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about the IFSC code for Bihar Gramin Bank, Chailahan branch:

Q1: What is the IFSC code for Bihar Gramin Bank, Chailahan branch?
A1: The IFSC code for the Bihar Gramin Bank, Chailahan branch, is PUNB0MBGB06.

Q2: Can I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for transactions?
A2: No, you cannot. Following the merger, all old UBGB and DBGB IFSC codes have been revoked. You must use the new, unified IFSC code, which starts with “PUNB0MBGB,” for all transactions to Bihar Gramin Bank branches.

Q3: Why is the IFSC code important for fund transfers?
A3: The IFSC code is critical because it precisely identifies the specific bank branch where the beneficiary holds an account. This ensures that your electronic fund transfer (NEFT, RTGS, IMPS) is routed correctly and securely to the intended recipient, preventing delays or misdirection of funds.

Q4: What is the difference between NEFT, RTGS, and IMPS?
A4: All three are electronic fund transfer systems, but they differ in speed and settlement.

• NEFT (National Electronic Funds Transfer) processes transactions in batches during specific banking hours, taking a few hours for funds to reflect.
• RTGS (Real-Time Gross Settlement) processes transactions individually and continuously in real-time, generally used for high-value transfers (typically above Rs. 2 lakh).
• IMPS (Immediate Payment Service) offers instant, 24/7 fund transfers, even on holidays, suitable for both small and large amounts.

Q5: Where can I find the IFSC code for my bank branch?
A5: You can find your bank’s IFSC code on your cheque book, bank passbook, or account statement. It is also prominently displayed on your bank’s official website or through online IFSC finders. Always verify the code before initiating a transfer.