Bihar Gramin Bank Kalyanpur Chowk IFSC Code

Welcome to Kalyanpur Chowk, a bustling area in the SAMASTIPUR district of Bihar. For residents and businesses here, managing banking transactions efficiently is essential. When you need to transfer funds using services like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), a crucial piece of information is the IFSC (Indian Financial System Code). This unique 11-character code ensures your money reaches the correct bank and branch without delays or errors, acting like a digital address for financial institutions.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Kalyanpur Chowk
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	3915
Branch Address	Kalyanpur Chowk, SAMASTIPUR, 848302, 9955997819
Contact Number	9955997819
City	SAMASTIPUR
District	SAMASTIPUR
Reason	SAMASTIPUR
Pincode	848302
State	Bihar

Merger Update

Bihar Gramin Bank, like other Regional Rural Banks (RRBs) sponsored by Punjab National Bank in Bihar, operates under a consolidated structure. This means that entities such as Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged their operations to streamline banking services and create a unified network. As part of this consolidation, a single, standardized IFSC code system has been adopted across these merged entities.

For the Kalyanpur Chowk branch of Bihar Gramin Bank, the valid IFSC code is PUNB0MBGB06. It is crucial to understand that any older IFSC codes previously associated with former individual entities, including UBGB, have been revoked and are no longer active. For all your financial transactions, whether online or offline, only the new, unified IFSC code, PUNB0MBGB06, should be used to ensure your transfers are successful and processed correctly.

Understanding the IFSC Code

The IFSC Code is an 11-character alphanumeric code that helps identify specific bank branches in India. Think of it as a unique address for each branch. It follows a consistent structure:

• The first four characters identify the bank itself. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which sponsors Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This is reserved for future use and remains constant across all IFSC codes.
• The last six characters identify the specific branch. In PUNB0MBGB06, “MBGB06” refers to the Kalyanpur Chowk branch of Bihar Gramin Bank.

This systematic structure helps in precise routing of funds to the intended recipient branch across the country.

How to Use the IFSC Code for Transfers

Using the IFSC code is straightforward when initiating an online fund transfer. Here’s a general guide for NEFT, RTGS, and IMPS:

1. Log In: Access your bank’s online banking portal or mobile banking app.
2. Select Fund Transfer: Choose the option for NEFT, RTGS, or IMPS, depending on your transfer amount and urgency.
3. Add Beneficiary: If you haven’t transferred to this person or business before, you’ll need to add them as a new beneficiary. You’ll typically need the following details for the recipient:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Confirm Beneficiary’s Account Number
   • Beneficiary’s Bank Name (Bihar Gramin Bank)
   • Beneficiary’s Branch Name (Kalyanpur Chowk)
   • The IFSC Code (PUNB0MBGB06)
   • Account Type (Savings or Current)
4. Enter Amount: Once the beneficiary is added and approved (which might take a few hours for some banks), you can proceed to enter the amount you wish to transfer.
5. Confirm and Transact: Review all details carefully before confirming the transfer. An incorrect IFSC code could result in the funds being delayed or sent to the wrong account, although banks have systems to flag mismatched details.

Always double-check the IFSC code and account number to ensure your transaction is successful and secure.

Benefits of Knowing Your IFSC Code

• Accurate Fund Transfers: It ensures that your money reaches the precise branch of the recipient’s bank, preventing misdirection of funds.
• Faster Processing: Correct IFSC codes help banks process NEFT, RTGS, and IMPS transactions quickly and efficiently.
• Prevents Errors: Using the accurate code minimizes the chances of transaction failures or returns due to incorrect routing information.
• Enhanced Security: The unique code adds a layer of security by making it difficult for fraudsters to intercept or redirect funds without the correct details.
• Mandatory for Online Transactions: It is a compulsory requirement for almost all digital fund transfers within India, making online banking possible.

Contact Information

Should you need to get in touch with the Kalyanpur Chowk branch or the bank’s head office, here are the contact details:

• Branch Phone Number: 9955997819
• Branch Address: Kalyanpur Chowk, SAMASTIPUR, 848302
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes:

Q1: What exactly is an IFSC Code?
A1: An IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify all bank branches involved in online money transfers within India. It’s crucial for NEFT, RTGS, and IMPS transactions.

Q2: Why is the IFSC code important for fund transfers?
A2: The IFSC code ensures that your funds are accurately routed to the specific recipient bank and branch. Without it, online transfers cannot be processed, as it acts as a unique digital identifier for the branch.

Q3: Is the fifth character of an IFSC code always ‘0’ (zero)?
A3: Yes, the fifth character of every IFSC code is always ‘0’ (zero). This character is reserved for future use by the Reserve Bank of India (RBI).

Q4: What should I do if I use an incorrect IFSC code?
A4: If you enter an incorrect IFSC code, the transaction will likely fail and the funds will be returned to your account. However, if the incorrect IFSC code corresponds to another valid branch and the account number matches, your funds might go to the wrong account. Always double-check before confirming a transfer.

Q5: Can I find the IFSC code on my chequebook?
A5: Yes, the IFSC code for your bank branch is typically printed on the leaves of your chequebook, usually near the bank account number or branch details. It’s a reliable place to find this information.