Bihar Gramin Bank Chandradei IFSC Code

The Bihar Gramin Bank branch in Chandradei is located in the Araria district of Bihar. For anyone looking to send or receive money through this branch, understanding the Indian Financial System Code (IFSC) is essential. This unique 11-character code is mandatory for all major online fund transfer methods in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code ensures that your money is routed correctly and securely to the specific bank branch you intend, preventing errors and delays in transactions.

Bihar Gramin Bank, Chandradei Branch Details

Important Merger Update

Previously, Bihar had two regional rural banks: 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As a result of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches are now invalid and have been revoked. For all transactions, customers must use the new IFSC code, which starts with ‘PUNB’ to reflect the sponsorship by PNB. For the Chandradei branch, the only valid code is PUNB0MBGB06.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic funds transfer system. The code has a specific structure that helps route transactions accurately.

Let’s break down the IFSC code for the Chandradei branch, PUNB0MBGB06:

• PUNB: The first four alphabetic characters represent the bank’s name. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin 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. After the merger, many branches of Bihar Gramin Bank were assigned this common code for streamlined processing.

How to Use the IFSC Code for Fund Transfers

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

1. Log in to your internet banking or mobile banking application.
2. Navigate to the ‘Fund Transfer’ or ‘Payments’ section and select the payment method (NEFT, RTGS, or IMPS).
3. Add a new beneficiary (payee). You will be asked to provide the recipient’s details.
4. Enter the recipient’s name, bank account number, and account type (Savings or Current).
5. In the designated field, carefully enter the IFSC code: PUNB0MBGB06.
6. Verify all the details to ensure they are correct and confirm the transaction.

Benefits of Knowing the IFSC Code

• Accurate Transactions: The primary benefit is ensuring your money reaches the correct bank and branch without any errors.
• Faster Processing: It enables automated systems to identify the destination branch instantly, which speeds up the entire fund transfer process.
• Enhanced Security: The code acts as a layer of verification, reducing the risk of funds being accidentally sent to the wrong account.
• Nationwide Access: It is a standardized system that makes it possible to transfer funds to any bank branch across the country seamlessly.

Contact Information

For any specific queries, you can contact the branch directly or reach out to the bank’s head office.

Chandradei Branch
Phone: 9297954363
Address: Chandradei, Araria, Bihar – 854312

Bihar Gramin Bank Head Office
Address: Shri Vishnu Commercial Complex, Asochak, Patna – 800030, Bihar
Toll-Free Number: 18001807777

Frequently Asked Questions

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

The code starts with ‘PUNB’ because Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of an IFSC code always represent the sponsor or parent bank.

Can I still use my old Uttar Bihar Gramin Bank (UBGB) IFSC code?

No. After the merger of UBGB and DBGB into Bihar Gramin Bank, all old IFSC codes became invalid. Using an old code will result in a failed transaction. You must use the new code, PUNB0MBGB06, for all transfers.

What happens if I enter the wrong IFSC code?

If the IFSC code you enter does not exist, the transaction will be rejected immediately. If you enter a valid IFSC code but for the wrong branch, the transaction might fail if the account number does not exist at that branch. The funds are then reversed to your account, though this may take a few business days.

Is the IFSC code the same as the MICR code?

No, they are different. The IFSC code is used for electronic fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf and is used for processing cheques.

Do I need an IFSC code for UPI payments?

For most UPI transactions made through a Virtual Payment Address (VPA) or QR code, you do not need to manually enter an IFSC code. The UPI system automatically handles the routing in the background. However, the code is still fundamental to the banking infrastructure that supports UPI.

Kriti Kumari

Kritti Kumari is a banker and MBA graduate who writes about banking, finance, and customer-friendly services. She simplifies complex financial products into easy guides, helping readers understand Bihar Gramin Bank’s offerings and make smarter money decisions.