The Bihar Gramin Bank branch in CHARITRAVAN is located in the Buxar district of Bihar. For anyone looking to send or receive money online through this branch, understanding the IFSC code is essential. The Indian Financial System Code (IFSC) is a unique 11-character code that identifies a specific bank branch participating in electronic fund transfer systems. It ensures that your money, whether sent via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), reaches the correct destination account without errors.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | CHARITRAVAN |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 7528 |
| Branch Address | CHARITRAVAN, Buxar, 802101, 7541807528 |
| Contact Number | 7541807528 |
| City | Buxar |
| District | Buxar |
| Region | BHABHUA |
| Pincode | 802101 |
| State | Bihar |
Important Merger Update
Bihar Gramin Bank was formed through the merger of two regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After this amalgamation, the bank is sponsored by Punjab National Bank (PNB). As a result of this change, all old IFSC codes previously used by UBGB and DBGB branches are now invalid and have been revoked. For all electronic transactions, customers must use the new, centralized IFSC code provided under PNB. The correct and current IFSC code for all branches, including CHARITRAVAN, is PUNB0MBGB06. Using an outdated code will cause your transaction to fail.
What is an IFSC Code?
The IFSC code is a unique identifier that helps streamline online money transfers. Its 11-character structure contains specific information about the bank and branch. Let’s break down the code PUNB0MBGB06:
- PUNB: The first four letters represent the name of the sponsor bank, which is Punjab National Bank.
- 0: The fifth character is always a zero. It is a control character reserved for future system upgrades.
- MBGB06: The last six characters identify the bank entity. In this case, it points to Madhya Bihar Gramin Bank (the operational name for the merged entity), indicating a centralized processing system for transactions.
How to Use the IFSC Code for Fund Transfers
Using the IFSC code for an online transfer is a straightforward process. When you add a new beneficiary or initiate a payment through your mobile banking app or internet banking portal, you will need to provide the following details:
- Beneficiary’s Name: The full name of the person or entity as it appears in their bank account.
- Beneficiary’s Account Number: The recipient’s bank account number. Double-check this for accuracy.
- Bank Name: Select ‘Bihar Gramin Bank’.
- IFSC Code: Enter PUNB0MBGB06 in the designated field.
- Branch Name: CHARITRAVAN.
Once you fill in these details and the transfer amount, you can proceed with the transaction using NEFT, RTGS, or IMPS.
Benefits of Using the Correct IFSC Code
- Accurate Routing: It ensures your money is directed to the exact bank and branch without any manual intervention.
- Faster Processing: Correct codes enable automated systems to process transactions quickly, reducing delays.
- Prevents Errors: It minimizes the risk of transactions failing or being credited to the wrong account.
- Enhanced Security: The code is a key part of the security framework that protects electronic fund transfers in India.
Contact Information
For direct assistance or queries, you can contact the bank through the following channels.
- Branch Phone Number: 7541807528
- Branch Address: CHARITRAVAN, Buxar, 802101, 7541807528
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
1. What is the current IFSC code for the Bihar Gramin Bank CHARITRAVAN branch?
The correct and valid IFSC code is PUNB0MBGB06. This is a centralized code used for all branches of the bank for NEFT, RTGS, and IMPS transactions.
2. Can I still use my old Dakshin Bihar Gramin Bank (DBGB) IFSC code?
No. All old IFSC codes associated with DBGB or UBGB are no longer active. You must use the new code, PUNB0MBGB06, to ensure your transactions are successful.
3. What happens if I enter the wrong IFSC code?
If you enter an incorrect IFSC code, the transaction will most likely be rejected by the banking system. In rare cases, if the code corresponds to another branch, the funds could be misdirected, leading to delays in retrieval.
4. Is the IFSC code the same as the MICR code?
No, they are different. The IFSC code is an 11-character alphanumeric code for online fund transfers. The MICR code is a 9-digit numeric code used for processing cheques and is found at the bottom of a cheque leaf.
5. Do I need a different IFSC code for NEFT and RTGS?
No, the same IFSC code, PUNB0MBGB06, is used for all types of electronic transfers, including NEFT, RTGS, and IMPS, for the CHARITRAVAN branch.
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.