Bihar Gramin Bank Chanpatia IFSC Code

The Bihar Gramin Bank branch in Chanpatia is an important banking point for residents and businesses in the WEST CHAMPARAN district, Pincode 845449, Bihar. When you need to transfer money to or from this branch using modern electronic methods like NEFT, RTGS, or IMPS, a specific code is essential: the Indian Financial System Code, or IFSC. This unique 11-character code ensures that your funds reach the correct bank and branch without any issues, making financial transactions smooth and secure.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Chanpatia
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100211
Branch Address	Chanpatia, WEST CHAMPARAN, 845449
Contact Number	9297954029
City	WEST CHAMPARAN
District	WEST CHAMPARAN
Region	BETTIAH
Pincode	845449
State	Bihar

Merger Update

The Chanpatia branch, originally part of Bihar Gramin Bank, has undergone a significant merger. Bihar Gramin Bank and Kosi Kshetriya Gramin Bank merged to form Madhya Bihar Gramin Bank. All branches previously under Bihar Gramin Bank, including Chanpatia, now operate under the umbrella of Madhya Bihar Gramin Bank. Consequently, the old IFSC codes for Bihar Gramin Bank branches have been revoked and are no longer valid for financial transactions. For all fund transfers to this Chanpatia branch, the new and sole valid IFSC code is PUNB0MBGB06, under the sponsorship of Punjab National Bank.

It’s important to understand that other regional rural banks in Bihar, such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), have also undergone similar merger processes and their previous IFSC codes have been replaced. While PUNB0MBGB06 is specific to Madhya Bihar Gramin Bank, this reflects a broader trend of regional rural banks streamlining their operations and IFSC codes under their sponsor banks.

What is an IFSC Code?

The IFSC Code is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify individual bank branches participating in electronic funds transfer systems. Each part of the code has a specific meaning:

• The first four characters represent the bank’s name. For example, PUNB in PUNB0MBGB06 stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This is a control character reserved for future use.
• The last six characters identify the specific branch. In PUNB0MBGB06, MBGB06 points to the Chanpatia branch of Madhya Bihar Gramin Bank.

How to Use the IFSC Code

You will need the IFSC code for various electronic fund transfer methods. Here’s how to use it:

• NEFT (National Electronic Funds Transfer): This system allows for nationwide fund transfers. When setting up a NEFT transaction through your bank’s online portal or at a branch, you will enter the beneficiary’s bank name, account number, account holder’s name, and the IFSC code (PUNB0MBGB06 for Chanpatia branch).
• RTGS (Real Time Gross Settlement): RTGS is for high-value transactions that are processed continuously. Similar to NEFT, you provide the beneficiary’s details, including their bank name, account number, and the specific IFSC code (PUNB0MBGB06).
• IMPS (Immediate Payment Service): IMPS offers instant fund transfers 24/7. When using IMPS, you will typically need the beneficiary’s mobile number and MMID, or their account number and the IFSC code (PUNB0MBGB06).

Always double-check the IFSC code, account number, and beneficiary name before confirming any transaction to ensure your money reaches the correct person and account.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank, Chanpatia branch, offers several practical benefits:

• Accurate Fund Transfers: It ensures that your money is sent to the precise bank and branch you intend, preventing misdirected payments.
• Faster Transactions: Correct IFSC codes help electronic systems process transfers quickly and efficiently.
• Security: It adds a layer of verification, reducing the risk of fraud in online transactions.
• Convenience: You can initiate transfers from anywhere, anytime, using online banking or mobile apps.
• Essential for Online Banking: It’s a mandatory piece of information for setting up beneficiaries and executing various online transactions.

Contact Information

• Branch Phone Number: 9297954029
• Branch Address: Chanpatia, WEST CHAMPARAN, 845449, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

Frequently Asked Questions (FAQs)

Q1: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank, Chanpatia branch?
A: Yes, following the merger of Bihar Gramin Bank into Madhya Bihar Gramin Bank, PUNB0MBGB06 is the sole valid IFSC code for the Chanpatia branch for all electronic fund transfers.

Q2: What should I do if I used an old Bihar Gramin Bank IFSC code for a transaction?
A: Transactions attempted with old, revoked IFSC codes will likely fail. The funds will typically be returned to your account. Always use the updated code, PUNB0MBGB06, for the Chanpatia branch.

Q3: Can I find the IFSC code on my passbook or cheque book?
A: Yes, the IFSC code is usually printed on the first page of your bank passbook and on cheque leaves issued by the bank. However, if your passbook or cheque book was issued before the merger, it might show an outdated code. Always verify with the latest information, especially after bank mergers.

Q4: Is the IFSC code different for different services like NEFT, RTGS, and IMPS?
A: No, the IFSC code is a unique identifier for a specific bank branch and remains the same regardless of the electronic fund transfer service (NEFT, RTGS, IMPS) you use.

Q5: Who sponsors Madhya Bihar Gramin Bank?
A: Madhya Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). This is reflected in the IFSC code, where the first four characters “PUNB” denote the sponsor bank.