Bihar Gramin Bank Chandaur Samda IFSC Code

The Bihar Gramin Bank branch in Chandaur Samda, Saharsa, Bihar, plays a vital role for residents and businesses in the area. When you need to send or receive money electronically, especially through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), knowing the correct IFSC (Indian Financial System Code) for this branch is essential. This unique code ensures your funds reach the intended bank and branch safely and accurately.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Chandaur Samda
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108110
Branch Address	Chandaur Samda, SAHARSA, 852123
Contact Number	9297954258
City	SAHARSA
District	SAHARSA
Region	SAHARSA
Pincode	852123
State	Bihar

Merger Update

The Bihar Gramin Bank, including its Chandaur Samda branch, is a result of the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, a new, unified banking structure was adopted under the sponsorship of Punjab National Bank.

This means that all branches, including Chandaur Samda, now operate under a standardized IFSC code format. The current IFSC code for Bihar Gramin Bank branches, like PUNB0MBGB06 for Chandaur Samda, reflects this new structure. The prefix “PUNB0” indicates Punjab National Bank as the sponsoring bank, and “MBGB” stands for “Merged Bihar Gramin Bank.” It is important to note that any old IFSC codes previously used by Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches have been revoked. For any electronic fund transfers, only the new, updated IFSC codes, such as PUNB0MBGB06, are valid.

What is an IFSC Code?

An IFSC code, or Indian Financial System Code, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in electronic funds transfers in India. This code helps the banking system direct your money to the exact branch you intend.

Let’s break down the IFSC code PUNB0MBGB06:

• The first four characters (PUNB): These represent the bank name, in this case, Punjab National Bank. As Punjab National Bank is the sponsoring bank for Bihar Gramin Bank, its code appears here.
• The fifth character (0): This is always a ‘0’ (zero). It is a control character reserved for future use.
• The last six characters (MBGB06): These characters identify the specific branch. For the Chandaur Samda branch, these are ‘MBGB06’. ‘MBGB’ signifies the Merged Bihar Gramin Bank, and ’06’ is a unique identifier for this particular branch.

How to Use an IFSC Code

You will need the IFSC code when performing electronic fund transfers through NEFT, RTGS, or IMPS. Here’s how to use it:

1. Gather Beneficiary Details: Before starting a transfer, make sure you have the recipient’s full name, account number, account type (savings or current), and the correct IFSC code of their bank branch.
2. Log In to Your Net Banking or Mobile Banking App: Access your bank’s online platform or mobile application.
3. Select Funds Transfer: Choose the option for “Funds Transfer” or “Payments.”
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. This involves entering their name, account number, and the crucial IFSC code.
5. Verify Details: The system will often display the branch name associated with the entered IFSC code. Always cross-check this to ensure it matches your intended recipient’s branch.
6. Enter Amount and Confirm: Input the amount you wish to transfer and confirm the transaction. The IFSC code ensures your money goes to the right place.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for your bank branch or the recipient’s branch offers several important benefits:

• Ensures Accuracy: It guarantees that your electronic fund transfers land in the correct bank and branch, preventing misdirected payments.
• Facilitates Faster Transfers: The code streamlines the process for NEFT, RTGS, and IMPS, allowing for quick and efficient money movement.
• Enhances Security: By precisely identifying the destination branch, it adds a layer of security to your financial transactions.
• Essential for Online Transactions: It is a mandatory detail for all forms of online banking transfers to and from other banks.
• Simplifies Bank Communication: Helps your bank identify the specific branch involved in various banking operations.

Contact Information

For inquiries related to the Chandaur Samda branch of Bihar Gramin Bank, you can use the following details:

• Branch Phone Number: 9297954258
• Branch Address: Chandaur Samda, SAHARSA, 852123, Bihar

For general inquiries or to reach the head office of Bihar Gramin Bank:

• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

Q1: What is Bihar Gramin Bank?
A1: Bihar Gramin Bank is a Regional Rural Bank (RRB) formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). It operates under the sponsorship of Punjab National Bank.

Q2: Why did the IFSC code change for Bihar Gramin Bank branches?
A2: The IFSC codes changed due to the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank. The new codes, like PUNB0MBGB06, reflect the new, unified entity and its sponsoring bank, Punjab National Bank.

Q3: Can I still use an old IFSC code from Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank?
A3: No, old IFSC codes from UBGB or DBGB are no longer valid. You must use the new IFSC code, which typically starts with ‘PUNB0MBGB’, for all electronic fund transfers to Bihar Gramin Bank branches.

Q4: Is the IFSC code PUNB0MBGB06 valid for all Bihar Gramin Bank branches?
A4: No, PUNB0MBGB06 is specific to the Chandaur Samda branch. While the prefix ‘PUNB0MBGB’ is common for Bihar Gramin Bank branches, the last three to six characters will differ for each individual branch to ensure its unique identification.

Q5: What happens if I use an incorrect IFSC code during a transaction?
A5: If you use an incorrect IFSC code, your electronic fund transfer will likely fail. The banking system relies on the correct IFSC code to route funds to the specific branch. Always double-check the code before confirming any transaction.