Bihar Gramin Bank Chandrayan IFSC Code

For residents and businesses in Chandrayan, Saharsa, Bihar, understanding your bank’s Indian Financial System Code (IFSC) is crucial for smooth financial transactions. This unique 11-character code is essential for transferring money through modern digital methods like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). It ensures that your funds reach the correct bank and branch without any delays or errors.

Branch Details

Here are the specific details for the Bihar Gramin Bank branch located in Chandrayan:

Bank Name	Bihar Gramin Bank
Branch Name	Chandrayan
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100831
Branch Address	Chandrayan, SAHARSA, Bihar, Pincode – 852213
Contact Number	9297954243
City	SAHARSA
District	SAHARSA
Region	SAHARSA
Pincode	852213
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). It was formed by the merger of two prominent regional banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger streamlined banking operations and consolidated services under a single, stronger entity.

As a result of this merger, all branches previously operating under Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank now function as Bihar Gramin Bank. Importantly, a unified IFSC code structure has been adopted across all branches. The new, standardized IFSC code for all Bihar Gramin Bank branches, including Chandrayan, begins with PUNB0MBGB06.

This means that any old IFSC codes associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now obsolete and have been revoked. For any financial transaction, you must use the new and valid IFSC code PUNB0MBGB06 to ensure your funds are transferred correctly. Using an old, revoked IFSC code will cause your transaction to fail.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches participating in the RBI’s electronic funds settlement systems. It is unique to each bank branch and plays a critical role in directing funds to the correct destination.

The structure of the IFSC code is as follows:

• The first four characters represent the bank code. For Bihar Gramin Bank, sponsored by Punjab National Bank, this part is PUNB.
• The fifth character is always a ‘0’ (zero). This is a control character reserved for future use and helps distinguish the bank code from the branch code.
• The last six characters uniquely identify the specific branch. For the Chandrayan branch, this part of the code is MBGB06.

So, the complete IFSC for Bihar Gramin Bank, Chandrayan branch, is PUNB0MBGB06.

How to Use the IFSC Code

When you need to transfer funds electronically using NEFT, RTGS, or IMPS, the IFSC code is a mandatory detail. Here’s a general guide on how to use it:

1. Log In: Access your net banking portal or mobile banking application.
2. Select Transfer Type: Choose the type of transfer you wish to make – NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you’re sending money to a new recipient, you’ll need to add them as a beneficiary. This typically involves providing:
   • Beneficiary’s Name
   • Beneficiary’s Account Number (confirm this carefully)
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Branch Name (e.g., Chandrayan)
   • The specific IFSC Code of the beneficiary’s branch (PUNB0MBGB06 for Chandrayan).
4. Enter Amount: Once the beneficiary is added and approved (this might take a few hours for security reasons), you can proceed to enter the amount you wish to transfer.
5. Confirm Transaction: Review all the details, including the amount, beneficiary’s account number, and IFSC code, before confirming the transaction with your password or OTP (One Time Password).

Always double-check the IFSC code and account number before initiating any transfer to avoid sending money to the wrong account.

Benefits of Knowing Your IFSC Code

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

• Mandatory for Electronic Transfers: It is a compulsory detail for all NEFT, RTGS, and IMPS transactions, ensuring funds are routed correctly within the banking system.
• Ensures Accuracy: The unique code precisely identifies the recipient’s bank and specific branch, minimizing the chances of funds going to the wrong account.
• Facilitates Faster Payments: By automating the routing process, IFSC codes contribute to the efficiency and speed of electronic fund transfers.
• Enhances Security: The standardized system reduces manual errors and adds a layer of security to inter-bank transactions.
• Convenience: It allows you to perform bank transfers from the comfort of your home or office, eliminating the need to visit a bank branch for every transaction.

Contact Information

For any queries or assistance related to the Chandrayan branch of Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297954243
• Branch Address: Chandrayan, SAHARSA, Bihar, Pincode – 852213
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank – Sponsor Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: What is Bihar Gramin Bank?

A1: Bihar Gramin Bank is a Regional Rural Bank (RRB) operating in Bihar. It was formed through the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) and is sponsored by Punjab National Bank.

Q2: Why did the IFSC code change for Bihar Gramin Bank branches?

A2: The IFSC code changed due to the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into a single entity, Bihar Gramin Bank. To unify operations under the new bank and its sponsor, Punjab National Bank, a new standardized IFSC code format (PUNB0MBGBXX) was introduced for all its branches.

Q3: Can I still use an old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) branches?

A3: No, you cannot. All old IFSC codes for UBGB and DBGB branches have been revoked. You must use the new, valid IFSC code, such as PUNB0MBGB06 for the Chandrayan branch, for all electronic fund transfers. Using an old code will cause your transaction to fail.

Q4: Is the Bihar Gramin Bank Chandrayan branch still operational?

A4: Yes, the Chandrayan branch of Bihar Gramin Bank is fully operational and continues to serve its customers with all banking services under the new merged identity.

Q5: What details do I need to perform an NEFT or RTGS transfer to someone’s account?

A5: To perform an NEFT or RTGS transfer, you typically need the beneficiary’s name, their account number, the name of their bank (e.g., Bihar Gramin Bank), their branch name (e.g., Chandrayan), and the correct IFSC code for that specific branch (e.g., PUNB0MBGB06).