Bihar Gramin Bank Khaje Chand Chapra IFSC Code

The village of Khaje Chand Chapra, located in the Vaishali district of Bihar, is an important hub for local residents and businesses. When it comes to financial transactions, especially for sending or receiving money, understanding specific banking codes is essential. The IFSC (Indian Financial System Code) acts as a unique identifier for every bank branch participating in India’s online money transfer systems. This code is crucial for ensuring that your funds reach the correct recipient quickly and securely, whether you are using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service).

Branch Details

Here are the key details for the Bihar Gramin Bank branch at Khaje Chand Chapra:

Bank Name	Bihar Gramin Bank
Branch Name	Khaje Chand Chapra
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100175
Branch Address	Khaje Chand Chapra, VAISHALI, 844112, 9297955005
Contact Number	9297955005
City	VAISHALI
District	VAISHALI
Reason	HAJIPUR
Pincode	844112
State	Bihar

Merger Update

Bihar Gramin Bank is a regional rural bank that was formed through a significant merger. Previously, there were two separate entities: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). These two banks merged to create the single entity now known as Bihar Gramin Bank. This bank is sponsored by Punjab National Bank.

As a result of this merger and sponsorship, all branches of the new Bihar Gramin Bank now use a standardized IFSC code structure. The Khaje Chand Chapra branch, like all others, uses an IFSC code beginning with PUNB0MBGB06. It is critical to understand that any old IFSC codes previously used by UBGB or DBGB branches are now revoked and no longer valid for transactions. Always use the current IFSC code, such as PUNB0MBGB06, for all your fund transfers to or from Bihar Gramin Bank branches to ensure your transaction is processed correctly.

What is an IFSC Code?

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code. It uniquely identifies every bank branch in India that participates in electronic funds transfers. The structure of the code is specific and easy to understand:

• The first four characters represent the bank name. For Bihar Gramin Bank, sponsored by Punjab National Bank, these characters are “PUNB”.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control character.
• The last six characters identify the specific branch. For the Khaje Chand Chapra branch, these are “MBGB06”.

So, for Khaje Chand Chapra, the IFSC code PUNB0MBGB06 breaks down as:

• PUNB: Punjab National Bank (sponsor bank)
• 0: Control character
• MBGB06: Khaje Chand Chapra branch code within Bihar Gramin Bank

How to Use an IFSC Code

Using an IFSC code is straightforward when you want to transfer money electronically. Here are the steps for common transfer methods like NEFT, RTGS, and IMPS:

1. Log In to Your Bank Account: Access your online banking portal or mobile banking app.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add Beneficiary (if not already added): If you are sending money to someone for the first time, you will need to add them as a beneficiary. This usually requires:
   • Beneficiary’s Name
   • Beneficiary’s Account Number
   • Beneficiary’s Bank Name (e.g., Bihar Gramin Bank)
   • Beneficiary’s Bank Branch (e.g., Khaje Chand Chapra)
   • Beneficiary’s IFSC Code (e.g., PUNB0MBGB06)
4. Enter Transfer Details: Once the beneficiary is added or selected, enter the amount you wish to transfer.
5. Confirm and Authorize: Review all the details carefully to avoid errors. Confirm the transaction, often using an OTP (One-Time Password) or transaction password.

The IFSC code ensures that your payment goes to the correct branch and account, minimizing errors in electronic transfers.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch offers several key advantages:

• Accurate Fund Transfers: Guarantees that money sent via NEFT, RTGS, or IMPS reaches the intended recipient’s bank branch without issues.
• Faster Processing: Correct IFSC codes allow banks to process electronic transfers quickly, often within minutes for IMPS, or a few hours for NEFT/RTGS.
• Error Prevention: Reduces the risk of funds being sent to the wrong bank or branch, which can lead to delays and complications.
• Online Banking Convenience: Essential for setting up and managing beneficiaries in your online banking system.
• Security: Adds an extra layer of verification, ensuring that transactions are routed through the proper banking channels.
• Compliance: Necessary for various financial operations and reporting requirements in India’s banking system.

Contact

For any inquiries related to the Khaje Chand Chapra branch or Bihar Gramin Bank, you can use the following contact details:

• Branch Phone Number: 9297955005
• Branch Address: Khaje Chand Chapra, VAISHALI, 844112, Bihar
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank, sponsor bank): 18001807777

FAQs

Q1: Is PUNB0MBGB06 the only valid IFSC code for Bihar Gramin Bank, Khaje Chand Chapra?

Yes, PUNB0MBGB06 is the correct and only valid IFSC code for the Bihar Gramin Bank branch at Khaje Chand Chapra. Due to the merger of Uttar Bihar Gramin Bank and Dakshin Bihar Gramin Bank into Bihar Gramin Bank, all old IFSC codes are now invalid.

Q2: What is the difference between IFSC and MICR codes?

The IFSC (Indian Financial System Code) is an 11-character code used for electronic fund transfers like NEFT, RTGS, and IMPS. The MICR (Magnetic Ink Character Recognition) code is a 9-digit code, typically found at the bottom of a cheque leaf. It is primarily used for processing paper cheques and is less common for online transfers.

Q3: Can I transfer money without an IFSC code?

No, an IFSC code is mandatory for all inter-bank electronic fund transfers within India, including NEFT, RTGS, and IMPS. It ensures that funds are directed to the correct bank and branch.

Q4: What should I do if my bank asks for the old UBGB or DBGB IFSC code?

You should inform your bank or the sender that Bihar Gramin Bank has merged and now operates under new IFSC codes. Always provide the current IFSC code, such as PUNB0MBGB06, to ensure your transaction is successful. Old codes are no longer in use.

Q5: How can I find the IFSC code for other Bihar Gramin Bank branches?

You can find the IFSC codes for other Bihar Gramin Bank branches through various reliable sources. These include the official website of Bihar Gramin Bank or Punjab National Bank, the Reserve Bank of India (RBI) website, or by contacting the bank directly. Reputable third-party financial websites also list these codes.