If you are looking for banking services in Kathara Chowk, Vaishali, you will find a branch of Bihar Gramin Bank. When you need to send or receive money electronically, especially through systems like NEFT, RTGS, or IMPS, a unique code is absolutely necessary. This code is known as the Indian Financial System Code, or IFSC. It ensures your money goes to the correct bank and branch every time.
Branch Details
| Bank Name | Bihar Gramin Bank |
| Branch Name | Kathara Chowk |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 100097 |
| Branch Address | Kathara Chowk, VAISHALI, 844118, 9297955004 |
| Contact Number | 9297955004 |
| City | VAISHALI |
| District | VAISHALI |
| Reason | HAJIPUR |
| Pincode | 844118 |
| State | Bihar |
Merger Update
It is important to understand the history of Bihar Gramin Bank’s IFSC code. This bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). As part of this consolidation, all branches, including Kathara Chowk, now operate under a single, unified IFSC code: PUNB0MBGB06. This code is linked to Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank. If you previously used an IFSC code belonging to Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank, please note that those old codes are no longer valid. For any fund transfers to Bihar Gramin Bank, including the Kathara Chowk branch, you must use PUNB0MBGB06 to ensure your transaction is successful.
What is IFSC Code?
The IFSC code is a unique 11-character alphanumeric code. It identifies every bank branch in India. The structure is straightforward:
- The first four characters represent the bank name. For example, in PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, the sponsor bank.
- The fifth character is always a zero (0). This character is kept as a control for future use.
- The last six characters uniquely identify the specific bank branch. For the Kathara Chowk branch, these are ‘MBGB06’.
This specific structure makes sure that each transaction correctly reaches its intended branch.
How to Use IFSC Code
Using the IFSC code is simple when you are making digital payments. Here are the steps for common transfer methods:
- For NEFT (National Electronic Funds Transfer): This system processes transfers in batches. When you set up a new beneficiary, you will need to enter the beneficiary’s bank account number, their name, and the IFSC code (PUNB0MBGB06 for Kathara Chowk).
- For RTGS (Real Time Gross Settlement): RTGS is for large value transactions and processes them individually and continuously. Similar to NEFT, you will need the beneficiary’s account number, name, and the correct IFSC code (PUNB0MBGB06).
- For IMPS (Immediate Payment Service): IMPS offers instant 24/7 fund transfers. When using your mobile banking app or internet banking for IMPS, you will input the beneficiary’s account number and IFSC code (PUNB0MBGB06). Sometimes, you might also use a mobile number and MMID, but IFSC is always a reliable option.
Always double-check the IFSC code before confirming any transaction to avoid errors.
Benefits
Knowing and using the correct IFSC code offers several advantages:
- Accurate Transfers: It ensures that your funds go to the exact branch and account you intend, reducing errors.
- Faster Processing: With the correct code, electronic transfers like NEFT, RTGS, and IMPS are processed quickly.
- Nationwide Reach: It allows you to send and receive money from any bank branch across India.
- Security: The unique identification helps in tracking transactions and adds a layer of security to your financial dealings.
- Convenience: It simplifies online banking and mobile banking transactions, making them smooth and efficient.
Contact
Branch Phone Number: 9297955004
Branch Address: Kathara Chowk, VAISHALI, 844118, Bihar
Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
Toll-Free Number: 18001807777
FAQs
Q: What if I use an old UBGB or DBGB IFSC code?
A: Your transaction will likely fail. The old codes are no longer active after the merger that formed Bihar Gramin Bank. Always use PUNB0MBGB06 for Bihar Gramin Bank branches.
Q: Can I use this IFSC code for any Bihar Gramin Bank branch?
A: Yes, PUNB0MBGB06 is the unified IFSC code for all branches of Bihar Gramin Bank since its merger. This makes it easier for customers to initiate transfers to any branch of this bank.
Q: Is it safe to share my IFSC code?
A: Yes, the IFSC code is public information. It only helps in identifying the bank and branch for transfers; it does not give anyone access to your account details or funds.
Q: What is the minimum amount for RTGS transactions?
A: RTGS is typically for high-value transactions, with a minimum transfer amount of Rs. 2,00,000 (Two Lakhs). There is no upper limit for RTGS transactions.
Q: How long does an NEFT transaction take?
A: NEFT transactions are processed in hourly batches during banking hours. Funds are usually credited to the beneficiary’s account within a few hours on banking days, once the batch is processed.
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.