The Bihar Gramin Bank branch located in Chehrakala, a vibrant area in the Vaishali district of Bihar, plays a crucial role in local financial transactions. For anyone needing to send or receive money electronically, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is vital for secure and efficient fund transfers through systems like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).
Bihar Gramin Bank, Chehrakala Branch Details
Here are the key details for the Bihar Gramin Bank branch in Chehrakala:
| Bank Name | Bihar Gramin Bank |
| Branch Name | Chehrakala |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 108055 |
| Branch Address | Chehrakala, VAISHALI, 844122, 9297954977 |
| Contact Number | 9297954977 |
| City | VAISHALI |
| District | VAISHALI |
| Reason | HAJIPUR |
| Pincode | 844122 |
| State | Bihar |
Merger Update for Regional Rural Banks
The financial landscape of regional rural banks in Bihar has seen significant changes over time, including mergers aimed at streamlining operations and strengthening financial services. For the Bihar Gramin Bank, Chehrakala branch, the IFSC code PUNB0MBGB06 reflects this consolidation. To be specific, if this branch belonged to one of the previously operating regional rural banks like Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB), it is important to know that these banks have merged into new entities under the sponsorship of larger public sector banks, such as Punjab National Bank.
The IFSC code PUNB0MBGB06, which contains “MBGB”, indicates its affiliation with Madhya Bihar Gramin Bank. This code is the current standard for this banking structure. All older IFSC codes previously used by these individual merging banks (like specific UBGB or DBGB codes) have been revoked. For any electronic fund transfers to or from this branch, only the new, updated IFSC code PUNB0MBGB06 is valid and must be used.
What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that uniquely identifies every bank branch in India. The Reserve Bank of India (RBI) assigns these codes to facilitate electronic fund transfers.
The structure of an IFSC code like PUNB0MBGB06 is straightforward:
- The first four characters represent the bank name. In this case, PUNB stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
- The fifth character is always a zero (0). This character is reserved for future use.
- The last six characters identify the specific branch. For the Chehrakala branch, MBGB06 pinpoints its location within the Madhya Bihar Gramin Bank network.
This unique identification system ensures that your money is transferred to the correct bank and branch without errors.
How to Use an IFSC Code
Using the IFSC code is simple and crucial for various electronic fund transfers. Here’s how it works for the most common methods:
For NEFT (National Electronic Funds Transfer)
NEFT is used for transferring funds from one bank to another. It operates in hourly batches throughout the day.
- Log in to your bank’s internet banking portal or mobile banking app.
- Select the “NEFT” option for fund transfer.
- Add a new beneficiary or select an existing one.
- Enter the beneficiary’s details: name, account number, account type, and the IFSC code (PUNB0MBGB06 for Chehrakala branch).
- Input the amount you wish to transfer.
- Confirm the transaction details and complete the transfer.
For RTGS (Real Time Gross Settlement)
RTGS is designed for large-value transactions, with funds settled individually and continuously. The minimum transaction amount for RTGS is typically Rs. 2 lakh.
- Access your bank’s internet banking or mobile app.
- Choose the “RTGS” fund transfer option.
- Provide the beneficiary’s information: name, account number, account type, and the IFSC code (PUNB0MBGB06).
- Specify the amount you want to transfer (must be Rs. 2 lakh or more).
- Review all details carefully before confirming the transaction.
For IMPS (Immediate Payment Service)
IMPS offers instant, 24/7 fund transfers, even on holidays. It is available through mobile banking, internet banking, and ATMs.
- Open your mobile banking app or internet banking portal.
- Select the “IMPS” transfer option.
- Enter the beneficiary’s details: account number and the IFSC code (PUNB0MBGB06).
- Input the transfer amount.
- Confirm the transaction. The funds are typically credited to the beneficiary’s account instantly.
Benefits of Knowing Your IFSC Code
Knowing the correct IFSC code for your bank branch, or for a beneficiary’s branch, offers several practical advantages:
- Error-Free Transfers: It ensures that your funds are directed to the exact intended branch, preventing misdirection and delays.
- Speed and Efficiency: Correct IFSC codes facilitate swift processing of NEFT, RTGS, and IMPS transactions, allowing money to move quickly.
- Security: The unique code adds a layer of security by precisely identifying the recipient’s branch, reducing the risk of fraudulent transactions.
- Pan-India Reach: It allows seamless electronic transfers between any two IFSC-enabled bank branches across India.
- Online Banking Convenience: Most online banking platforms require the IFSC code, making it indispensable for digital transactions.
- Mandatory Requirement: It is a mandatory field for all major electronic fund transfer systems in India.
Contact Information
For inquiries related to the Bihar Gramin Bank, Chehrakala branch, or general banking services, you can use the following contact details:
- Branch Phone Number: 9297954977
- Branch Address: Chehrakala, VAISHALI, 844122, Bihar
- Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions (FAQs)
Here are answers to some common questions about IFSC codes and banking services:
Q1: Can I use an old IFSC code if a bank has merged?
No. If banks have merged or undergone restructuring, all old IFSC codes are typically revoked. You must use the new, updated IFSC code for any transactions. Using an old code will result in transaction failure.
Q2: Is the IFSC code same for all branches of Bihar Gramin Bank?
No, the IFSC code is unique for each individual bank branch. While the first four characters (bank identifier) might be the same, the last six characters (branch identifier) will be different for each branch, ensuring unique identification.
Q3: What if I enter a wrong IFSC code during a transfer?
If you enter an incorrect IFSC code, your transaction will likely fail. The system will detect that the code does not match the beneficiary’s account details or the intended branch, and the funds will not be debited from your account. In rare cases of an incorrect but valid IFSC, funds might go to the wrong account, which can be difficult to recover.
Q4: Where can I find the IFSC code for my bank branch?
You can find the IFSC code on your bank passbook, cheque book, or your bank’s official website. Most banks also provide an IFSC search tool on their internet banking platforms or mobile apps. You can also contact your branch directly.
Q5: Is the MICR code also important for online transfers?
The MICR (Magnetic Ink Character Recognition) code is primarily used for clearing physical cheques. While it’s printed on cheque leaves, it’s generally not required for online electronic fund transfers like NEFT, RTGS, or IMPS. For online transfers, the IFSC code is the key identifier.
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.