Bihar Gramin Bank Chandaur Samda IFSC Code

This article provides details about the Chandaur Samda branch of Bihar Gramin Bank. It explains the importance of the Indian Financial System Code (IFSC) for smooth and secure fund transfers like NEFT, RTGS, and IMPS. Knowing the correct IFSC code ensures your money reaches the right bank and branch without delay.

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, 9297954258
Contact Number	9297954258
City	SAHARSA
District	SAHARSA
Pincode	852123
State	Bihar
Reason	SAHARSA

Merger Update

Bihar Gramin Bank was formed from the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, Bihar Gramin Bank now operates under the sponsorship of Punjab National Bank. All branches, including Chandaur Samda, use a unified IFSC code structure. The specific IFSC code for the Chandaur Samda branch is PUNB0MBGB06. It is crucial to remember that any old IFSC codes previously used by UBGB or DBGB for their respective branches are now revoked. For all financial transactions involving Bihar Gramin Bank, only the new, updated IFSC codes, like PUNB0MBGB06, are valid.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers in India. This code is essential for processing electronic transactions such as NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).

The structure of the IFSC code is straightforward:

• The first four characters identify the bank. For Bihar Gramin Bank, the sponsor bank is Punjab National Bank, so the code starts with ‘PUNB’. ‘MBGB’ further specifies Bihar Gramin Bank as a Regional Rural Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use.
• The last six characters uniquely identify the specific branch. For the Chandaur Samda branch, these characters are ’06’.

So, for Chandaur Samda, the IFSC code PUNB0MBGB06 clearly identifies Bihar Gramin Bank, sponsored by Punjab National Bank, and its specific branch in Chandaur Samda.

How to Use the IFSC Code

Using the IFSC code is simple when you need to transfer money electronically. Here are the steps involved:

1. Log In: Access your net banking account or mobile banking app.
2. Add Beneficiary: If you are sending money to someone for the first time, you will need to add them as a beneficiary.
3. Enter Details: Provide the beneficiary’s name, their bank account number, and the correct IFSC code for their bank branch. For the Chandaur Samda branch, this would be PUNB0MBGB06.
4. Select Transfer Type: Choose the type of transfer you want to make (NEFT, RTGS, or IMPS).
5. Enter Amount: Specify the amount of money you wish to send.
6. Confirm and Send: Review all the details carefully to ensure accuracy, then confirm the transaction. The IFSC code ensures your funds are routed to the precise branch of the recipient’s bank.

Always double-check the IFSC code and the beneficiary’s account number before confirming any transaction to avoid errors.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for a beneficiary’s branch, offers several key advantages:

• Faster Transfers: It ensures that your electronic fund transfers like NEFT, RTGS, and IMPS are processed quickly and efficiently.
• Error Prevention: Using the precise IFSC code minimizes the risk of sending money to the wrong bank or branch, protecting your funds.
• Secure Transactions: The IFSC code adds a layer of security by verifying the exact branch location, making digital transactions more reliable.
• Online Banking Convenience: It is indispensable for all types of online and mobile banking fund transfers, making banking accessible from anywhere.
• Easy Identification: The code helps in easily identifying any specific bank branch across India, which is especially useful when dealing with multiple banks or new beneficiaries.

Contact Information

For specific inquiries or assistance related to the Chandaur Samda branch or Bihar Gramin Bank, you can use the following contact details:

• Chandaur Samda Branch Phone No: 9297954258
• Chandaur Samda Branch Address: Chandaur Samda, SAHARSA, 852123
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free No: 18001807777

Frequently Asked Questions (FAQs)

Q1: Is the IFSC code PUNB0MBGB06 valid for other Bihar Gramin Bank branches as well?
A1: No, the IFSC code PUNB0MBGB06 is unique to the Chandaur Samda branch of Bihar Gramin Bank. While the first few characters (PUNB0MBGB) identify Bihar Gramin Bank, sponsored by Punjab National Bank, the last six characters (06 for Chandaur Samda) specifically identify this particular branch. Every branch has its own distinct IFSC code.

Q2: What happens if I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code?
A2: If you use an old UBGB or DBGB IFSC code, your transaction will likely fail. Since both banks merged to form Bihar Gramin Bank and are now under Punjab National Bank, all old IFSC codes have been revoked. Always use the new, valid IFSC codes for Bihar Gramin Bank branches to ensure successful transfers.

Q3: Can I find the IFSC code on my passbook or cheque book?
A3: Yes, typically the IFSC code for your branch is printed on the first page of your bank passbook and on the top left corner of your cheque leaves. You can also find it on your bank’s official website or through online IFSC lookup tools.

Q4: Is an IFSC code required for cash deposits or withdrawals at the branch counter?
A4: No, an IFSC code is generally not required for cash deposits or withdrawals made directly at the bank branch counter. The IFSC code is specifically for electronic fund transfers (NEFT, RTGS, IMPS) between different bank branches.

Q5: What is the MICR code for the Chandaur Samda branch?
A5: The MICR (Magnetic Ink Character Recognition) code for the Chandaur Samda branch of Bihar Gramin Bank is 800811002. This code is primarily used for processing cheques.