Bihar Gramin Bank CHANDA IFSC Code

Located in the Aurangabad district of Bihar, the Bihar Gramin Bank branch in CHANDA provides key banking services to the local area. For anyone needing to send or receive money electronically, the branch’s Indian Financial System Code (IFSC) is essential. This unique 11-character code acts as a digital address for the bank branch, ensuring that funds transferred through popular methods like NEFT, RTGS, and IMPS are routed to the correct account safely and efficiently.

Bihar Gramin Bank, CHANDA Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	CHANDA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	CHANDA, Aurangabad, 824113, Bihar
Contact Number	9771464096
City	Aurangabad
District	Aurangabad
Pincode	824113
State	Bihar

Important Merger Information

Previously, banking in the region was handled by two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks have since merged to form a single entity, now known as Bihar Gramin Bank. This new bank is sponsored by Punjab National Bank (PNB).

As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches are now invalid and have been discontinued. For any online transaction to the CHANDA branch, you must use the new, unified IFSC code: PUNB0MBGB06. Using an old code will result in a failed transaction.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT, RTGS, and IMPS transfer systems. The code ensures that money is sent to the right place. Let’s break down the IFSC code for the CHANDA branch, PUNB0MBGB06:

• PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is a control character reserved for future use.
• MBGB06: The last six characters represent the specific branch code assigned by the bank. In this case, it identifies the CHANDA branch of Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code to transfer money is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.

1. Log in to Your Bank Account: Access your internet banking or mobile banking application.
2. Add a Beneficiary: Go to the ‘Fund Transfer’ section and select ‘Add Beneficiary’ or ‘Add Payee’.
3. Enter Beneficiary Details: You will need to provide the recipient’s name, their bank account number, and the IFSC code of their bank branch, which for this branch is PUNB0MBGB06.
4. Verify and Confirm: Double-check all the details to ensure they are correct. Your bank will then ask you to confirm the addition, often using an OTP sent to your registered mobile number.
5. Initiate the Transfer: Once the beneficiary is added, you can select them from your list, enter the amount you wish to send, and complete the transaction using your password or PIN.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The primary benefit is that your money is routed directly to the intended bank branch, eliminating the risk of it going to the wrong location.
• Prevents Transaction Failures: Using the correct and updated IFSC code prevents transactions from being rejected, saving you time and potential hassle.
• Enables Faster Processing: The code allows for automated processing of transactions, making transfers through NEFT, RTGS, and IMPS quick and efficient.
• Supports 24/7 Banking: Services like IMPS rely on the IFSC code to allow for instant fund transfers at any time, including on holidays and weekends.

Contact Information

For direct assistance, you can reach out to the branch or the head office.

CHANDA Branch
Phone Number: 9771464096
Address: CHANDA, Aurangabad, Bihar – 824113

Bihar Gramin Bank Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna, Bihar – 800030
Toll-Free Number: 1800-180-7777

Frequently Asked Questions

1. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?

The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank after the merger of UBGB and DBGB. The IFSC code reflects the sponsor bank.

2. What happens if I use an old IFSC code from Dakshin Bihar Gramin Bank?

Your transaction will be rejected. The old IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank are no longer in use. You must use the new code, PUNB0MBGB06, for the CHANDA branch.

3. Is the IFSC code the same for all branches of Bihar Gramin Bank?

No, each branch of Bihar Gramin Bank has a unique IFSC code. The last six characters of the code differentiate one branch from another. The code provided here is specific to the CHANDA branch only.

4. Can I use this IFSC code for international money transfers?

No, the IFSC code is used only for domestic fund transfers within India. For international transfers, you will need a SWIFT code, which serves a similar purpose on a global scale.

5. Where else can I find my branch’s IFSC code?

The IFSC code is printed on the cheque leaves issued by the bank, usually near the top. It is also printed on the first page of your bank passbook and is available on your bank’s official website or mobile app.