Bihar Gramin Bank CHITAON IFSC Code

The Bihar Gramin Bank’s CHITAON branch, located in Rohtas district, Bihar (Pincode: 802213), plays a crucial role for residents needing banking services. When you need to send or receive money electronically, especially for transactions like NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) for this specific branch is essential. This unique code acts like a digital address, ensuring your funds reach the right bank and branch quickly and securely, preventing any mix-ups in the transfer process.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	CHITAON
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7341
Branch Address	CHITAON, Rohtas, 802213, 9771464341
Contact Number	9771464341
City	Rohtas
District	Rohtas
Reason	SASARAM
Pincode	802213
State	Bihar

Merger Update

The banking landscape for Regional Rural Banks (RRBs) in Bihar has seen significant changes over time due to various mergers to streamline operations and enhance financial inclusion. Historically, there were separate entities such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB), among others.

To create stronger, more efficient banking units, many of these regional banks have been consolidated. Specifically, the IFSC code PUNB0MBGB06 indicates that the CHITAON branch, previously operating under a different structure, is now part of a larger entity known as Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank (PNB). This means that any older IFSC codes previously associated with branches that are now part of Madhya Bihar Gramin Bank, or potentially from legacy banks like UBGB or DBGB that have merged into this system, have been revoked.

For any electronic fund transfers to or from the CHITAON branch, it is crucial to use only the new and valid IFSC code: PUNB0MBGB06. Using an outdated or incorrect IFSC code will result in transaction failure or delays, as the banking system will not recognize the old identifiers.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in online money transfers. This code is vital for accurately identifying the originating and destination banks and branches for electronic payments.

The structure of the IFSC code is straightforward:

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use and currently serves as a control digit.
• The last six characters identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” uniquely points to the CHITAON branch within the Madhya Bihar Gramin Bank network.

This standardized format ensures that every electronic transaction can be precisely routed to its intended recipient, reducing errors and enhancing the speed of transfers.

How to Use IFSC Code

Using the IFSC code is a fundamental part of performing various electronic fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS:

1. Gather Beneficiary Details: Before initiating any transfer, you will need the beneficiary’s full name, account number, account type (savings or current), and the correct IFSC code of their bank branch.
2. Log In to Your Net Banking or Mobile Banking App: Access your online banking portal or mobile application.
3. Navigate to Fund Transfer Section: Look for options like “Fund Transfer,” “Payments,” or “Send Money.”
4. Add Beneficiary (If New): If you’re sending money to this person for the first time, you’ll need to add them as a new beneficiary. This usually involves providing their name, account number, and the IFSC code. The system will then verify the bank and branch details based on the IFSC.
5. Select Transfer Type: Choose the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer):
   • RTGS (Real Time Gross Settlement):
   • IMPS (Immediate Payment Service):
6. Enter Transfer Amount: Specify the amount of money you wish to send.
7. Confirm and Authorize: Review all the details carefully – beneficiary name, account number, IFSC code, and amount. Once confirmed, authorize the transaction using your password, PIN, or OTP (One-Time Password).

The system uses the IFSC code to correctly identify and route your payment to the CHITAON branch of Madhya Bihar Gramin Bank, ensuring the money reaches the intended account holder.

Benefits of Knowing the IFSC Code

Understanding and using the correct IFSC code offers several important benefits for banking customers:

• Ensures Accurate Transfers: The IFSC code uniquely identifies a specific bank branch, virtually eliminating errors in routing funds to the wrong destination.
• Facilitates Fast Transactions: It allows for quick processing of NEFT, RTGS, and IMPS transactions, moving money efficiently across different banks and branches.
• Enhances Security: By precisely directing funds, the IFSC code adds a layer of security to electronic transfers, ensuring your money goes exactly where you intend.
• Supports Nationwide Transfers: It enables seamless electronic money transfers between any IFSC-enabled bank branches across India, regardless of location.
• Required for Online Banking: For any online payment or collection, the IFSC code is a mandatory detail, making digital banking operations smooth and reliable.

Contact Information

For any queries related to the CHITAON branch of Madhya Bihar Gramin Bank or general banking services, you can use the following contact details:

• Branch Phone Number: 9771464341
• Branch Address: CHITAON, Rohtas, 802213, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Q1: What is the purpose of an IFSC code?
A1: The IFSC code’s primary purpose is to identify a bank and its specific branch for electronic fund transfers. It ensures that money sent through NEFT, RTGS, or IMPS reaches the correct destination account quickly and without errors.

Q2: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A2: No, the IFSC code is unique for each individual bank branch. While the first four characters (e.g., “PUNB”) will be the same for all branches sponsored by Punjab National Bank within Madhya Bihar Gramin Bank, the last six characters are specific to each branch, distinguishing one from another.

Q3: What should I do if I enter an incorrect IFSC code during a transaction?
A3: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will not be debited from your account or will be reversed within a short period. In rare cases where the incorrect IFSC code corresponds to another valid account, you would need to contact your bank immediately to initiate a trace and reversal process.

Q4: Can I find the IFSC code on my cheque book?
A4: Yes, the IFSC code is typically printed on the cheque leaves of your cheque book. You can usually find it at the top or bottom of the cheque, alongside the MICR code and account number.

Q5: What is the difference between IFSC and MICR code?
A5: The IFSC (Indian Financial System Code) is an 11-character alphanumeric code used for online fund transfers (NEFT, RTGS, IMPS). The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed with magnetic ink, primarily used for clearing physical cheques quickly and efficiently. Both are crucial for banking operations but serve different purposes.