Bihar Gramin Bank Mile Chowk IFSC Code

This article provides important details about the Bihar Gramin Bank branch located at Mile Chowk in Vaishali, Bihar. For any digital fund transfers, such as National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), knowing the Indian Financial System Code (IFSC) is crucial. This unique code ensures your money reaches the correct bank and branch without errors, making your transactions smooth and secure.

Bihar Gramin Bank, Mile Chowk Branch Details

Here are the specific details for the Bihar Gramin Bank branch at Mile Chowk:

Bank Name	Bihar Gramin Bank
Branch Name	Mile Chowk
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	108016
Branch Address	Mile Chowk, VAISHALI, 844102, 9297955012
Contact Number	9297955012
City	VAISHALI
District	VAISHALI
Reason (for location detail)	HAJIPUR
Pincode	844102
State	Bihar

Merger Update for Regional Rural Banks

Bihar Gramin Bank is a Regional Rural Bank (RRB) sponsored by Punjab National Bank (PNB). Over time, many RRBs have undergone mergers and standardization processes to streamline operations. The IFSC code PUNB0MBGB06 reflects this consolidation. It indicates that the bank operates under the umbrella of Punjab National Bank’s financial system.

For customers, this means consistency in banking services. If you previously held an account with another regional rural bank that has now merged into the system that uses this IFSC, or if old codes were issued, those older codes might no longer be valid. It is crucial to always use the current and correct IFSC code, PUNB0MBGB06, for all transactions involving Bihar Gramin Bank, Mile Chowk branch. This ensures your funds are transferred successfully to the intended recipient.

Please note: While this specific branch is Bihar Gramin Bank, the given IFSC code PUNB0MBGB06 is part of a broader consolidation trend among PNB-sponsored Regional Rural Banks in the region. If a branch previously belonged to Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) and has since been integrated, their old UBGB or DBGB IFSC codes have been revoked. Only the new, consolidated IFSC code, such as PUNB0MBGB06, is now valid for transactions. Always verify the correct IFSC for any specific branch.

What is an IFSC Code?

The Indian Financial System Code, or IFSC, is an 11-character alphanumeric code. It uniquely identifies every bank branch participating in online fund transfers. Think of it like a digital address for a specific bank branch.

• The first four characters represent the bank’s name. For example, “PUNB” stands for Punjab National Bank, the sponsor bank for Bihar Gramin Bank.
• The fifth character is always a ‘0’ (zero). This character is reserved for future use.
• The last six characters identify the specific branch. For the Mile Chowk branch, these are “MBGB06.”

This structured format ensures that each branch has a distinct code, preventing errors during digital transactions.

How to Use an IFSC Code

You will need the IFSC code for various digital banking services. Here’s how it’s used for common fund transfer methods:

1. For NEFT (National Electronic Funds Transfer):
   • Log in to your bank’s online banking portal or mobile app.
   • Go to the ‘Fund Transfer’ section and select ‘NEFT’.
   • Add the beneficiary’s details: their name, account number, and the correct IFSC code (PUNB0MBGB06 for Mile Chowk branch).
   • Enter the amount you wish to transfer and confirm the transaction.
2. For RTGS (Real-Time Gross Settlement):
   • RTGS is typically used for large-value transactions, settling individually and in real-time.
   • The process is similar to NEFT. You will log in, select ‘RTGS’ from the fund transfer options.
   • Provide the beneficiary’s name, account number, and the IFSC code (PUNB0MBGB06).
   • Enter the amount. RTGS transactions have a minimum amount, usually Rs. 2 lakh.
3. For IMPS (Immediate Payment Service):
   • IMPS offers instant fund transfers, even on holidays.
   • You can initiate IMPS using a beneficiary’s mobile number and MMID (Mobile Money Identifier), or using their account number and IFSC code.
   • When using account number and IFSC, you’ll enter the beneficiary’s account number and PUNB0MBGB06.
   • Confirm the amount for immediate transfer.

Benefits of Knowing Your IFSC Code

Having the correct IFSC code is highly beneficial for several reasons:

• Ensures Accurate Transfers: It guarantees your money goes to the right bank and branch, avoiding misdirected funds.
• Facilitates Online Transactions: It is essential for all digital fund transfers, including NEFT, RTGS, and IMPS.
• Standardized Identification: The common 11-character format makes it easy to identify any bank branch across India.
• Speeds Up Processes: Correct IFSC codes reduce delays in processing your electronic transfers.
• Supports Digital Banking: It’s a cornerstone of modern, paperless banking transactions.

Contact Information

For inquiries or assistance regarding Bihar Gramin Bank, Mile Chowk branch, you can use the following contact details:

• Branch Phone Number: 9297955012
• Branch Address: Mile Chowk, VAISHALI, 844102
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are answers to some common questions about the IFSC code for Bihar Gramin Bank:

Q1: What is the IFSC code for Bihar Gramin Bank, Mile Chowk branch?

A1: The IFSC code for Bihar Gramin Bank, Mile Chowk branch is PUNB0MBGB06. You will need this for all digital fund transfers.

Q2: Is the fifth character of an IFSC code always zero?

A2: Yes, the fifth character in any valid IFSC code is always ‘0’ (zero). It serves as a control digit and is reserved for future use.

Q3: Can I use an old IFSC code for Bihar Gramin Bank if I have one?

A3: It is highly recommended to always use the most current IFSC code. Due to bank mergers and standardization processes, older IFSC codes for Regional Rural Banks, including Bihar Gramin Bank, might have been revoked. Always use PUNB0MBGB06 for the Mile Chowk branch. Using an incorrect or old code could lead to transaction failure or delays.

Q4: What types of transactions require an IFSC code?

A4: You need an IFSC code for online fund transfers like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). It is also used for other digital banking services where a specific branch needs to be identified.

Q5: What happens if I enter a wrong IFSC code during a transaction?

A5: If you enter an incorrect IFSC code, your transaction will likely fail or be rejected by the system. In rare cases, if the incorrect code happens to correspond to another valid branch and account combination, funds could be misdirected. Always double-check the IFSC code to ensure your transaction is successful and secure.