Bihar Gramin Bank CHAUSA IFSC Code

The Bihar Gramin Bank branch in Chausa is located in the Buxar district of Bihar. For anyone needing to send or receive money through this specific branch, understanding its Indian Financial System Code (IFSC) is crucial. This 11-character code acts as a unique address for the branch in the national electronic funds transfer network. It ensures that transactions made via Net Banking, such as NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service), are routed correctly and securely to the intended bank branch.

Branch Details

Bank Name: Bihar Gramin Bank
Branch Name: CHAUSA
IFSC Code: PUNB0MBGB06
MICR Code: 800811002
Branch Code: 7470
Branch Address: CHAUSA, Buxar, 802114, 7781004470
Contact Number: 7781004470
City: Buxar
District: Buxar
Region: BHABHUA
Pincode: 802114
State: Bihar

Important Merger Update

Bihar Gramin Bank was formed by the merger of two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this amalgamation, the bank is now sponsored by Punjab National Bank (PNB). As a result, all branches, including the Chausa branch, use a new IFSC code format that starts with ‘PUNB’. It is important to note that all old IFSC codes belonging to the former UBGB and DBGB are now invalid. For any fund transfer to the Chausa branch, you must use the new IFSC code, PUNB0MBGB06, to ensure the transaction is successful.

What is an IFSC Code?

The IFSC code is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the electronic payment system. The structure is designed for accuracy and eliminates confusion during financial transactions.

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

• PUNB: The first four 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 reserved for future use.
• MBGB06: The last six characters uniquely identify the specific branch. In this example, ‘MBGB06’ points directly to the Bihar Gramin Bank, Chausa branch.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. When adding a new payee or beneficiary to your internet banking or mobile banking app, you will be prompted to provide the following details:

1. Beneficiary Name: The full name of the person or entity as it appears on their bank account.
2. Beneficiary Account Number: The complete bank account number of the recipient.
3. Bank Name: Bihar Gramin Bank.
4. Branch Name: Chausa.
5. IFSC Code: PUNB0MBGB06.

After you enter these details, the banking system uses the IFSC code to verify the destination branch before processing the NEFT, RTGS, or IMPS transaction. Double-checking the code is essential to avoid failed transfers or sending money to the wrong account.

Benefits of Using the Correct IFSC Code

• Ensures Accuracy: The code routes your money to the exact bank branch, preventing misdirected payments.
• Speeds Up Transactions: Electronic systems use the IFSC to process transfers quickly and efficiently, especially for IMPS and RTGS.
• Reduces Errors: It minimizes the risk of manual errors that can occur when identifying a branch by name or address alone.
• Enables Digital Banking: Without the correct IFSC, you cannot perform essential online transactions like NEFT, RTGS, and IMPS.

Contact Information

For direct assistance or inquiries, you can reach out to the branch or the bank’s head office.

Branch Contact
Phone Number: 7781004470
Address: CHAUSA, Buxar, Bihar – 802114

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

Frequently Asked Questions

1. Why does the IFSC code for Bihar Gramin Bank start with ‘PUNB’?
Bihar Gramin Bank is sponsored by Punjab National Bank (PNB). The first four letters of the IFSC code always represent the sponsor bank in the national payment network. Therefore, all Bihar Gramin Bank branches use ‘PUNB’ as the prefix.

2. I have an old IFSC code from Dakshin Bihar Gramin Bank. Can I still use it?
No. After the merger, all old IFSC codes for both Dakshin Bihar Gramin Bank and Uttar Bihar Gramin Bank were discontinued. You must use the new code, PUNB0MBGB06, for all transactions directed to the Chausa branch.

3. What happens if I accidentally enter the wrong IFSC code?
If the incorrect IFSC code does not exist, the transaction will be rejected, and the money will be credited back to your account, sometimes after a small fee is deducted. If the IFSC code exists but belongs to a different branch or bank, and the account number also matches a valid account at that branch, the funds could be transferred to the wrong recipient. It is critical to verify the IFSC code before confirming a transaction.

4. Is the IFSC code the same for all branches of Bihar Gramin Bank?
No. While the first five characters (‘PUNB0’) are common for all branches, the last six characters are unique to each specific branch. For example, the code for the Chausa branch (MBGB06) will be different from the code for a branch in another city.

5. What is a MICR code?
MICR stands for Magnetic Ink Character Recognition. It is a 9-digit code found at the bottom of a cheque leaf. While the IFSC code is used for online fund transfers like NEFT and RTGS, the MICR code is used to speed up the processing of cheques.