Bihar Gramin Bank Chapra IFSC Code

The Chapra branch of Bihar Gramin Bank is located in the SARAN district of Bihar, specifically at Chapra, SARAN, 841301. For anyone needing to send or receive money electronically, understanding the Indian Financial System Code (IFSC) for this branch is crucial. The IFSC code acts like a unique digital address for every bank branch in India. It is essential for successful and secure online money transfers through services like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service), ensuring your funds reach the intended recipient’s exact bank branch.

Bihar Gramin Bank Chapra Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Chapra
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100551
Branch Address	Chapra, SARAN, 841301
Contact Number	9297955208
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841301
State	Bihar

Merger Update for Bihar Gramin Bank

Bihar Gramin Bank was formed by the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This unified entity now operates under the sponsorship of Punjab National Bank. As a result of this merger, all branches, including Chapra, now use a standardized IFSC code structure. The specific IFSC code for the Chapra branch, PUNB0MBGB06, reflects this change. It is vital to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are now revoked. For any electronic fund transfer to a Bihar Gramin Bank account, including the Chapra branch, you must use the new, unified IFSC code, PUNB0MBGB06, as older codes are no longer valid for transactions.

What is an IFSC Code?

An IFSC code, which stands for Indian Financial System Code, is an eleven-character alphanumeric code. It uniquely identifies every bank branch in India participating in the NEFT system. This code is crucial for ensuring that your online money transfers go to the correct bank and branch. Let’s break down its structure using our example, PUNB0MBGB06:

• The first four characters represent the bank itself. In this case, PUNB stands for Punjab National Bank, which is the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use by the Reserve Bank of India.
• The last six characters identify the specific branch. For the Chapra branch of Bihar Gramin Bank, these are MBGB06.

This systematic arrangement ensures no two branches have the same IFSC code, making electronic transactions highly secure and accurate.

How to Use an IFSC Code

The IFSC code is a fundamental requirement for initiating electronic fund transfers. Here’s how it’s used with common transfer methods:

• NEFT (National Electronic Funds Transfer): NEFT allows individuals to transfer funds from one bank account to another across the country. When you set up a NEFT transfer, you will need the beneficiary’s name, their bank account number, the bank’s name, and the correct IFSC code for their specific branch. Transactions are processed in batches throughout the day.
• RTGS (Real-Time Gross Settlement): RTGS is designed for large-value transactions, typically for amounts of two lakh rupees or more. Unlike NEFT, RTGS transactions are processed individually and in real-time. Similar to NEFT, you will need the beneficiary’s name, account number, bank name, and the precise IFSC code to ensure the funds are settled immediately.
• IMPS (Immediate Payment Service): IMPS offers instant, 24/7 fund transfers, even on bank holidays. It’s often used for smaller, urgent transfers. To send money via IMPS, you will typically need the beneficiary’s mobile number and their MMID (Mobile Money Identifier) or their bank account number and the correct IFSC code.

In all these methods, providing the accurate IFSC code is paramount to prevent delays or transfer failures.

Benefits of Knowing Your IFSC Code

Understanding and having the correct IFSC code for your bank branch offers several practical advantages:

• Accurate Fund Transfers: It guarantees that money sent electronically reaches the intended beneficiary’s exact bank branch, minimizing errors.
• Faster Transactions: Correct IFSC codes help systems process NEFT, RTGS, and IMPS transactions more quickly and efficiently.
• Mandatory for Online Banking: It is a compulsory detail required for setting up beneficiaries and initiating any online money transfer.
• Reduces Manual Errors: By identifying branches digitally, it reduces the chances of human error that might occur with manual address entries.
• Enhanced Security: The unique code structure adds a layer of security, ensuring funds are routed through verified banking channels.

Contact Information

• Chapra Branch Phone Number: 9297955208
• Chapra Branch Address: Chapra, SARAN, 841301
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Bihar Gramin Bank Toll-Free Number: 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes:

Q1: What is the full form of IFSC?
A1: IFSC stands for Indian Financial System Code.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, the IFSC code is unique for each individual bank branch, even within the same bank. While the first few characters (PUNB0MBG) might be similar for Bihar Gramin Bank branches, the last six characters will differ to identify each specific branch, like “06” for Chapra.

Q3: Where can I find the IFSC code for my branch?
A3: You can usually find your branch’s IFSC code printed on your bank passbook, on the top leaf of your cheque book, or on the bank’s official website. You can also find it by contacting your branch directly or using reliable online bank finders.

Q4: What happens if I use a wrong IFSC code during a transaction?
A4: If you use an incorrect IFSC code, your electronic fund transfer will most likely fail. The banking system identifies the mismatch and rejects the transaction, usually returning the funds to your account within a few hours or a day. It’s crucial to always double-check the code before confirming a transfer.

Q5: Why is the fifth character always ‘0’ in an IFSC code?
A5: The fifth character in an IFSC code is always a ‘0’ (zero). This digit is reserved for future use by the Reserve Bank of India, allowing for potential expansion or changes in the IFSC structure if needed in the future.