Bihar Gramin Bank Chhabilapur IFSC Code

The Chhabilapur branch of Bihar Gramin Bank is located in the Begusarai district of Bihar. For anyone needing to send or receive money online through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code acts as a specific address for the branch, ensuring that funds transferred via National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) reach the correct account without errors.

Branch Details for Bihar Gramin Bank, Chhabilapur

Bank Name	Bihar Gramin Bank
Branch Name	Chhabilapur
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	MBGB06
Branch Address	Chhabilapur, Begusarai, Bihar – 851128
Contact Number	7061383150
City	Begusarai
District	Begusarai
Region	BEGUSARAI
Pincode	851128
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). As a result of this consolidation under the sponsorship of Punjab National Bank (PNB), the IFSC codes for all branches were standardized. All old IFSC codes previously used by UBGB and DBGB are now invalid and have been revoked. For any online transaction, you must use the new IFSC code, which starts with ‘PUNB’, such as PUNB0MBGB06 for the Chhabilapur branch. Using an old code will result in a failed transaction.

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-digit alphanumeric code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the country’s electronic funds transfer system. The code has a specific structure that helps route payments correctly.

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

• PUNB: The first four alphabetic characters represent the name of the sponsor bank, which is Punjab National Bank.
• 0: The fifth character is always a zero. It is reserved for future use.
• MBGB06: The last six characters identify the specific branch. In this case, ‘MBGB06’ points directly to the Chhabilapur branch of Bihar Gramin Bank.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code is a straightforward part of any online money transfer. Whether you are using a mobile banking app or a web portal, the steps are generally the same.

1. Log In: Access your internet banking account or mobile banking application.
2. Select Transfer Option: Navigate to the “Fund Transfer” or “Payments” section and choose the transfer type: NEFT, RTGS, or IMPS.
3. Add Beneficiary: If you are sending money to this person for the first time, you will need to add them as a beneficiary or payee.
4. Enter Details: Fill in the required fields, including the recipient’s name, account number, and the bank’s IFSC code. For the Chhabilapur branch, you would enter PUNB0MBGB06.
5. Confirm and Authenticate: Double-check all the details to ensure accuracy. Confirm the transaction, usually by entering a One-Time Password (OTP) sent to your registered mobile number.

Benefits of Using the Correct IFSC Code

• Accurate Transactions: It ensures that your money is sent to the exact branch and account you intend, eliminating routing errors.
• Faster Processing: The automated systems use the IFSC code to process transactions quickly without manual intervention.
• Reduced Risk of Failure: Using the correct code minimizes the chances of a transaction being rejected or delayed.
• Enables Digital Payments: It is a fundamental requirement for participating in India’s primary digital payment networks like NEFT, RTGS, and IMPS.

Contact Information

For direct assistance or queries, you can reach out to the bank through the following channels:

• Branch Contact Number: 7061383150
• Branch Address: Bihar Gramin Bank, Chhabilapur, Begusarai, Bihar – 851128
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

1. Why does the Bihar Gramin Bank IFSC code start with ‘PUNB’?
The code starts with ‘PUNB’ because Punjab National Bank (PNB) is the sponsor bank for Bihar Gramin Bank. The first four letters of an IFSC code always represent the primary or sponsor bank in the network.

2. Is the IFSC code the same for all Bihar Gramin Bank branches?
No. While the first part (‘PUNB0’) might be common, the last six characters are unique to each branch. For example, the code for the Chhabilapur branch is PUNB0MBGB06, but another branch will have a different six-digit identifier.

3. What happens if I use an old IFSC code from before the merger?
If you use an old IFSC code belonging to the former Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, your transaction will fail. The old codes are no longer active in the banking system. You must use the new, updated IFSC code for the transaction to be successful.

4. Can I use this IFSC code for receiving money from another country?
No. IFSC codes are designed for domestic fund transfers within India only. For international wire transfers, you need a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, which is different from an IFSC code.

5. What is the difference between an IFSC code and a MICR code?
The IFSC code is used for electronic fund transfers like NEFT and RTGS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found on the bottom of a cheque leaf and is used for faster processing of cheques.