Bihar Gramin Bank Chhatwan IFSC Code

The Bihar Gramin Bank branch in Chhatwan is located in the Darbhanga district of Bihar. For anyone sending or receiving money through this branch, understanding its Indian Financial System Code (IFSC) is essential. This unique 11-character code is required for all major online fund transfers in India, including National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). The IFSC code acts like a specific address, ensuring your money reaches the correct bank branch without any errors or delays.

Branch Details

Merger and IFSC Update

It is important for all customers to know that Bihar Gramin Bank was formed by merging two former regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). After this amalgamation, the bank is now sponsored by Punjab National Bank (PNB). As a result of this change, all old IFSC codes belonging to the former UBGB and DBGB branches are no longer valid.

All branches of the newly formed Bihar Gramin Bank now use a unified IFSC code structure starting with ‘PUNB’. For the Chhatwan branch, the correct and only valid IFSC code is PUNB0MBGB06. Please ensure you use this new code for all future transactions to avoid rejections or failures.

What is an IFSC Code?

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

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

• First 4 Characters (PUNB): These letters represent the bank. In this case, ‘PUNB’ stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• Fifth Character (0): This is always a zero. It is a control character reserved for future use.
• Last 6 Characters (MBGB06): This part identifies the specific bank branch. While it often matches the internal branch code, after a merger, a standardized identifier like ‘MBGB06’ might be used for routing purposes.

How to Use the IFSC Code for Fund Transfers

Using the IFSC code for an online money transfer is a straightforward process. Whether you are using a mobile banking app or an internet banking portal, the steps are generally the same.

1. Log in to your net banking or mobile banking application.
2. Navigate to the ‘Fund Transfer’ section and select the payment method (NEFT, RTGS, or IMPS).
3. Add the recipient (beneficiary) by entering their account details. This is where you will need the IFSC code.
4. Enter the beneficiary’s name, account number, and the IFSC code: PUNB0MBGB06.
5. Verify that the system fetches the correct branch details (Bihar Gramin Bank, Chhatwan).
6. Enter the amount you wish to transfer and confirm the transaction.

Benefits of Using the Correct IFSC Code

• Transaction Accuracy: The primary benefit is ensuring your money is sent to the exact intended bank branch, eliminating transfer errors.
• Faster Processing: Correct IFSC codes enable automated systems to process transactions quickly without manual intervention, leading to faster credit to the beneficiary’s account.
• Prevents Failed Transactions: Using an outdated or incorrect code is a common reason for transaction failure. Double-checking the code saves you time and potential charges for a failed transfer.
• Security: The IFSC system adds a layer of verification, confirming that the account number and the branch location match, which helps secure the transaction.

Contact Information

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

• Branch Phone Number: 9297955086
• Branch Address: Chhatwan, DARBHANGA, 847237, Bihar
• Head Office Address: Bihar Gramin Bank, SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions

1. Can I still use my old Uttar Bihar Gramin Bank (UBGB) IFSC code?

No. All old IFSC codes from the pre-merger era of UBGB and DBGB are now invalid. You must use the new IFSC code, PUNB0MBGB06, for all transactions with the Chhatwan branch.

2. What happens if I enter the wrong IFSC code?

If the IFSC code you enter does not exist, the transaction will likely be rejected immediately by your bank. If the code exists but points to the wrong branch, the funds may be sent there and could be delayed or require a manual reversal process, which can take several days.

3. Is the IFSC code the same for all branches of Bihar Gramin Bank?

No. While the first four letters ‘PUNB’ are common for all Bihar Gramin Bank branches now, the last six characters are unique to each branch. Always verify the specific code for the branch you are transacting with.

4. What is the difference between an IFSC code and a MICR code?

The IFSC code is used for online fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code found at the bottom of a cheque leaf and is used exclusively for processing cheques.

5. Where can I find the official IFSC code for my branch?

You can find the correct IFSC code printed on your bank-issued chequebook and passbook. It is also available on the bank’s official website or by contacting your branch directly.

Kriti Kumari

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.