Bihar Gramin Bank Chiraiya IFSC Code

This article provides key details about the Bihar Gramin Bank’s Chiraiya branch, located in East Champaran, Bihar. Understanding the Indian Financial System Code (IFSC) for this branch is essential for anyone looking to make secure and efficient online money transfers. Whether you’re sending money via National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures your funds reach the right bank and branch without delay.

Branch Details

Here are the important details for the Bihar Gramin Bank, Chiraiya branch:

Bank Name	Bihar Gramin Bank
Branch Name	Chiraiya
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100184
Branch Address	Chiraiya, EAST CHAMPARAN, 845415
Contact Number	9297954623
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845415
State	Bihar

Merger Update

The Bihar Gramin Bank has undergone a merger and is now operating under the umbrella of Madhya Bihar Gramin Bank (MBGB), which is sponsored by Punjab National Bank. As a result of this merger, all branches, including the Chiraiya branch, now use a unified IFSC code. The correct and currently valid IFSC code for transactions involving the Bihar Gramin Bank Chiraiya branch is PUNB0MBGB06.

It is important to note that any old IFSC codes previously associated with Bihar Gramin Bank branches are now revoked and will not work for current transactions. Always use the new, consolidated IFSC code PUNB0MBGB06 to ensure your fund transfers are processed successfully.

What is an IFSC Code?

The IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers. Think of it as a specific address for a bank branch in the digital world. This code is crucial for directing funds accurately to the intended recipient’s bank account.

The structure of an IFSC code is standard across all banks:

• The first four characters represent the bank’s name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank.
• The fifth character is always a zero (0). This character is reserved for future use and helps differentiate the bank code from the branch code.
• The last six characters uniquely identify the specific bank branch. In our example, “MBGB06” identifies the Madhya Bihar Gramin Bank (MBGB) and the specific branch within its system.

How to Use the IFSC Code

You will need the IFSC code whenever you initiate an online fund transfer through NEFT, RTGS, or IMPS. Here’s a general guide on how to use it:

1. Gather Recipient Details: Before starting a transfer, make sure you have the recipient’s full name, account number, bank name, and the correct IFSC code of their specific branch.
2. Log In to Your Net Banking/Mobile App: Access your bank’s online platform or mobile application.
3. Select Fund Transfer Option: Choose between NEFT, RTGS, or IMPS, depending on the amount and urgency of your transfer.
   • NEFT (National Electronic Funds Transfer): Typically used for smaller amounts or when same-day settlement is acceptable. Transactions are processed in batches.
   • RTGS (Real Time Gross Settlement): Ideal for large-value transactions (usually above 2 lakh rupees) where immediate settlement is required. Transactions are processed individually.
   • IMPS (Immediate Payment Service): Allows instant, 24/7 fund transfers, suitable for all transaction values.
4. Add Beneficiary (If New): If you’re sending money to this recipient for the first time, you’ll need to add them as a beneficiary. This process usually involves entering their name, account number, and the IFSC code. Your bank may perform a small verification step.
5. Enter Transfer Details: Once the beneficiary is added or selected, enter the amount you wish to transfer and any remarks you want to include.
6. Confirm and Authorize: Review all the details carefully, especially the account number and IFSC code, to prevent errors. Confirm the transaction, often using an OTP (One-Time Password) sent to your registered mobile number.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code offers several important benefits for secure and efficient banking:

• Accurate Fund Transfers: It ensures your money reaches the exact intended branch and account, minimizing errors and potential financial loss.
• Mandatory for Online Transactions: The IFSC code is a compulsory requirement for all NEFT, RTGS, and IMPS transactions. Without it, online transfers cannot be initiated.
• Faster Processing: By accurately identifying the destination branch, the IFSC code helps speed up the processing of electronic fund transfers.
• Enhanced Security: It adds a layer of security by uniquely identifying bank branches, reducing the chances of fraudulent transactions.
• Convenience: It allows you to transfer money from the comfort of your home or office, without needing to visit a bank branch.

Contact Information

For any queries or assistance related to the Bihar Gramin Bank Chiraiya branch, you can use the following contact details:

• Branch Phone Number: 9297954623
• Branch Address: Chiraiya, EAST CHAMPARAN, 845415, Bihar
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank Chiraiya branch and its IFSC code:

Q1: Is the Bihar Gramin Bank Chiraiya branch still active?
A1: Yes, the branch is active. It now operates under the Madhya Bihar Gramin Bank following a merger, maintaining its services at the Chiraiya location.

Q2: What should I do if I used an old IFSC code for a transfer to Bihar Gramin Bank Chiraiya?
A2: If you used an old, revoked IFSC code, the transaction will likely fail and the funds will be returned to your account. You should re-initiate the transfer using the correct and updated IFSC code, PUNB0MBGB06.

Q3: Can I find the IFSC code on my bank passbook or chequebook?
A3: Yes, the IFSC code is usually printed on your bank passbook. For chequebooks, it is typically found on the top left corner of the cheque leaf.

Q4: Is the IFSC code the same as the MICR code?
A4: No, the IFSC code and MICR (Magnetic Ink Character Recognition) code are different. The IFSC code is for online fund transfers, while the 9-digit MICR code is primarily used for processing physical cheques.

Q5: How can I verify the IFSC code before making a transfer?
A5: You can verify the IFSC code through several reliable sources. These include your bank’s official website, the Reserve Bank of India (RBI) website, your passbook, or by directly contacting your bank branch.