Bihar Gramin Bank Chitraulia IFSC Code

This article provides detailed information about the Indian Financial System Code (IFSC) for the Bihar Gramin Bank branch located in Chitraulia, a significant area within the Saran district of Bihar. Understanding the IFSC code is crucial for anyone looking to perform secure and efficient digital fund transfers. Whether you are sending money via National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), the correct IFSC code ensures that your funds reach the intended recipient’s bank account without delays or errors.

Branch Details

Here are the complete details for the Bihar Gramin Bank, Chitraulia branch:

Bank Name	Bihar Gramin Bank
Branch Name	Chitraulia
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100581
Branch Address	Chitraulia, SARAN, 841208, 9297955212
Contact Number	9297955212
City	SARAN
District	SARAN
Reason	CHAPRA
Pincode	841208
State	Bihar

Merger Update

The Bihar Gramin Bank was formed as a result of the amalgamation of two prominent Regional Rural Banks (RRBs) in Bihar: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). This merger took effect on January 1, 2019, creating a single, unified entity known as Bihar Gramin Bank.

Bihar Gramin Bank is sponsored by Punjab National Bank. Due to this sponsorship and the subsequent merger, all branches of the former UBGB and DBGB now operate under a standardized IFSC code structure. The IFSC code for the Chitraulia branch, PUNB0MBGB06, reflects this change. The prefix “PUNB” signifies Punjab National Bank as the sponsor.

It is important to understand that any old IFSC codes previously used for branches under Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) have been revoked and are no longer valid for transactions. To ensure successful fund transfers, you must always use the new, unified IFSC code, such as PUNB0MBGB06, for all Bihar Gramin Bank branches.

What is IFSC Code?

The IFSC, or Indian Financial System Code, is an 11-character alphanumeric code used to identify all bank branches participating in electronic fund transfers across India. This unique code helps in routing transactions to the correct bank and branch.

The 11 characters of an IFSC code are structured in a specific way:

• The first four characters represent the bank’s name. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsor bank of Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use, possibly for internal bank divisions or other identifiers.
• The last six characters uniquely identify the specific bank branch. In our example, “MBGB06” precisely identifies the Chitraulia branch of Bihar Gramin Bank.

This structured format ensures that every branch has a distinct code, preventing misdirection of funds during digital transactions.

How to Use IFSC Code

Using the IFSC code is a straightforward process when you are making digital fund transfers through services like NEFT, RTGS, or IMPS. Here’s a step-by-step guide:

1. Gather Recipient Details: Before initiating a transfer, you will need the recipient’s full name, their bank account number, the bank’s name, and the correct IFSC code for their specific branch.
2. Log in to Net Banking/Mobile Banking: Access your online banking portal or mobile banking app provided by your bank.
3. Select Transfer Type: Choose the type of transfer you wish to make:
   • NEFT (National Electronic Funds Transfer): Best for transfers where immediate processing isn’t critical. Transactions are processed in batches.
   • RTGS (Real Time Gross Settlement): Ideal for large-value transactions that require immediate settlement. There’s usually a minimum transfer amount.
   • IMPS (Immediate Payment Service): Allows for instant, 24/7 fund transfers, even on holidays.
4. Add Beneficiary (if new): If you are sending money to this recipient for the first time, you will need to add them as a beneficiary. This usually involves entering their name, account number, account type, and the IFSC code.
5. Enter Transaction Details: Once the beneficiary is added or selected, enter the amount you wish to transfer and any remarks for the transaction.
6. Confirm and Authorize: Review all the entered details carefully. Once confirmed, authorize the transaction using your password or OTP (One Time Password).

The IFSC code acts as a digital address, directing your funds to the correct branch and account, making the process secure and efficient.

Benefits of Knowing IFSC Code

Knowing and using the correct IFSC code offers several key advantages for financial transactions:

• Ensures Accuracy: It guarantees that your money is sent to the precise bank branch and account number you intend, avoiding misdirected funds.
• Facilitates Electronic Transfers: It is mandatory for all major electronic fund transfer systems in India, including NEFT, RTGS, and IMPS, making digital banking possible.
• Speeds Up Transactions: By providing a unique identifier for each branch, it helps in the quick processing and settlement of funds.
• Reduces Errors: A correct IFSC code significantly lowers the chance of transaction failures or delays caused by incorrect routing information.
• Enhanced Security: It adds an extra layer of verification, ensuring that funds are transferred to legitimate bank accounts.
• Convenience: It simplifies the process of sending money across different banks and geographical locations within India from the comfort of your home or office.

Contact Information

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

• Branch Phone Number: 9297955212
• Branch Address: Chitraulia, SARAN, 841208, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank IFSC code:

Q1: What is the IFSC code for Bihar Gramin Bank, Chitraulia branch?
A1: The IFSC code for the Bihar Gramin Bank, Chitraulia branch, is PUNB0MBGB06.

Q2: Why does the IFSC code for Bihar Gramin Bank start with “PUNB”?
A2: The “PUNB” prefix indicates that Punjab National Bank is the sponsor bank for Bihar Gramin Bank. Regional Rural Banks (RRBs) often use the IFSC code prefix of their sponsor bank.

Q3: Can I still use an old IFSC code for Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) branches?
A3: No, you cannot. Following the merger of UBGB and DBGB into Bihar Gramin Bank on January 1, 2019, all old IFSC codes for these banks have been revoked. You must use the new, unified IFSC codes, which typically start with “PUNB,” for all transactions.

Q4: What happens if I use an incorrect IFSC code for a fund transfer?
A4: If you enter an incorrect IFSC code, the fund transfer will likely fail. The banking system relies on the IFSC code to route funds accurately. An incorrect code means the system cannot identify the correct destination branch, and the transaction will not be processed.

Q5: Is the MICR code also important for banking transactions?
A5: Yes, the MICR (Magnetic Ink Character Recognition) code is important, primarily for processing physical cheques. It’s a 9-digit code found on the cheque leaf that helps in quick and error-free clearing of cheques. While not directly used for NEFT/RTGS/IMPS, it’s vital for traditional cheque-based transactions.