Bihar Gramin Bank Puran Chhapra IFSC Code

The Bihar Gramin Bank branch in Puran Chhapra, located in EAST CHAMPARAN, Bihar, uses a unique code for all electronic money transfers. This code, known as the Indian Financial System Code, or IFSC, is essential for sending or receiving funds through online banking services. Whether you are using NEFT, RTGS, or IMPS, having the correct IFSC code ensures your money reaches the right bank and branch quickly and securely.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	Puran Chhapra
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100241
Branch Address	Puran Chhapra, EAST CHAMPARAN, 845426, 9297954685
Contact Number	9297954685
City	EAST CHAMPARAN
District	EAST CHAMPARAN
Reason	MOTIHARI
Pincode	845426
State	Bihar

Merger Update

Bihar Gramin Bank was formed from the merger of Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, all branches, including Puran Chhapra, now operate under a single, unified IFSC code structure managed by Punjab National Bank. The designated IFSC code for the Puran Chhapra branch is PUNB0MBGB06.

It is very important to note that any old IFSC codes previously used for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank branches are now revoked and no longer valid for transactions. To ensure successful electronic fund transfers, you must use only the new, unified IFSC code, PUNB0MBGB06.

What is IFSC Code?

The IFSC Code stands for the Indian Financial System Code. It is an 11-character alphanumeric code that uniquely identifies every bank branch participating in online money transfers in India. Think of it as a unique digital address for a specific bank branch.

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

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” indicates Punjab National Bank, which is the sponsor bank for Bihar Gramin Bank.
• The fifth character is always ‘0’ (zero). This character is reserved for future use and acts as a control character.
• The last six characters uniquely identify the specific bank branch. In the case of PUNB0MBGB06, “MBGB06” pinpoints the Puran Chhapra branch of Bihar Gramin Bank.

This unique identification system ensures that funds are routed correctly to the intended recipient’s bank and branch, minimizing errors in electronic transactions.

How to Use IFSC Code

The IFSC code is a crucial piece of information for performing various types of electronic fund transfers. Here’s how you typically use it for NEFT, RTGS, and IMPS:

• For NEFT (National Electronic Funds Transfer):

  NEFT is a popular method for transferring money across banks. Transactions are processed in batches throughout the day. When initiating an NEFT transfer through your bank’s online portal or app, you will need to provide the recipient’s bank account number, the account holder’s name, the recipient’s bank name, and their specific IFSC code (PUNB0MBGB06 for Puran Chhapra branch).

• For RTGS (Real Time Gross Settlement):

  RTGS is used for high-value transactions that need immediate processing. Unlike NEFT, transfers happen in real-time. Similar to NEFT, you will need the recipient’s bank account number, account holder’s name, their bank name, and the correct IFSC code (PUNB0MBGB06) to ensure the funds are settled instantly to the right branch.

• For IMPS (Immediate Payment Service):

  IMPS allows for instant, 24/7 fund transfers, even on holidays. It’s often used via mobile banking apps. When sending money through IMPS using account number and IFSC, you will input the recipient’s account number and their IFSC code (PUNB0MBGB06) to facilitate the immediate transfer.

In all these methods, the IFSC code acts as a routing key, guiding your money from your bank account to the correct recipient branch’s account.

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for someone you wish to send money to, offers several advantages:

• It is absolutely mandatory for all electronic fund transfers, including NEFT, RTGS, and IMPS. You cannot complete these transactions without it.
• It ensures that your funds are routed to the correct bank and specific branch, preventing misdirected transfers.
• Using the accurate IFSC code helps in avoiding transaction errors and delays, as incorrect codes will often lead to failed transactions.
• It plays a key role in the speed and efficiency of online money transfers.
• It adds a layer of security by precisely identifying the destination of your funds.

Contact Information

• Branch Phone Number: 9297954685
• Branch Address: Puran Chhapra, EAST CHAMPARAN, 845426, Bihar
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Punjab National Bank): 18001807777

FAQs

Here are some frequently asked questions about the Bihar Gramin Bank IFSC code for the Puran Chhapra branch:

Q1: Is the IFSC code the same for all Bihar Gramin Bank branches?
A1: No, while the first seven characters (PUNB0MB) are common for all Bihar Gramin Bank branches under Punjab National Bank, the last six characters are unique to each specific branch. This means the Puran Chhapra branch’s code (PUNB0MBGB06) is different from other branches.

Q2: Can I use an old Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) IFSC code for transfers?
A2: No, you cannot. Following the merger that formed Bihar Gramin Bank, all old UBGB and DBGB IFSC codes have been revoked. You must use the new, unified IFSC codes starting with “PUNB0MB” for all electronic transactions.

Q3: What happens if I enter the wrong IFSC code during a transaction?
A3: If you enter an incorrect IFSC code, your transaction will likely fail and the funds will not be transferred. In some rare cases, if the incorrect code belongs to an actual bank branch, your money might be sent to the wrong account. Always double-check the IFSC code before confirming a transfer.

Q4: Where can I find the correct IFSC code for my branch?
A4: You can find the correct IFSC code on your bank’s passbook, chequebook, or by visiting the bank’s official website. Reputable financial aggregator websites also list these codes, but it’s always best to cross-verify with official bank sources.

Q5: Is the MICR code the same as the IFSC code?
A5: No, the MICR (Magnetic Ink Character Recognition) code is different from the IFSC code. The MICR code is a 9-digit numerical code printed on cheque leaves, primarily used for processing cheques. The IFSC code is an 11-character alphanumeric code used for electronic fund transfers like NEFT, RTGS, and IMPS.