Tola Khadda, a community in West Champaran, Bihar, relies on efficient banking services for its residents and businesses. When you need to send or receive money through digital channels like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS), a specific code becomes essential: the Indian Financial System Code (IFSC). This unique identifier ensures your funds reach the correct bank and branch without any errors, making financial transactions smooth and secure.
Branch Details
| Field | Detail |
|---|---|
| Bank Name | Bihar Gramin Bank |
| Branch Name | Tola Khadda |
| IFSC Code | PUNB0MBGB06 |
| MICR Code | 800811002 |
| Branch Code | 108037 |
| Branch Address | Tola Khadda, WEST CHAMPARAN, 845438, 9297954101 |
| Contact Number | 9297954101 |
| City | WEST CHAMPARAN |
| District | WEST CHAMPARAN |
| Reason | BETTIAH |
| Pincode | 845438 |
| State | Bihar |
Merger Update for Bihar Gramin Bank
Bihar Gramin Bank, which serves regions like Tola Khadda, was formed from the merger of two prominent regional rural banks: Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB). Following this merger, and operating under the sponsorship of Punjab National Bank, all branches now use a unified IFSC structure.
Specifically, for the Tola Khadda branch, the valid IFSC is PUNB0MBGB06. It is crucial to remember that any old IFSC codes previously associated with UBGB or DBGB branches are now revoked and no longer valid for financial transactions. Always use the new, updated IFSC code for all your fund transfers to ensure they are processed correctly. The “PUNB0” prefix in the IFSC indicates the bank’s sponsorship by Punjab National Bank.
What is an IFSC Code?
The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India. It is critical for electronic fund transfers.
The structure of the IFSC code is straightforward:
- The first four characters represent the name of the bank. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank (the sponsoring bank).
- The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
- The last six characters identify the specific branch of the bank. In our example, “MBGB06” points directly to the Tola Khadda branch within the Bihar Gramin Bank network.
This systematic structure ensures that each branch has a distinct code, preventing confusion during electronic transactions.
How to Use the IFSC Code
You will need the IFSC code for various electronic fund transfer methods. Here’s how it generally works:
For NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement):
- Log in to your online banking portal or mobile banking app.
- Navigate to the ‘Fund Transfer’ or ‘Payments’ section.
- Select ‘Add Beneficiary’ if you haven’t transferred money to this person before.
- Enter the beneficiary’s name, account number, and the correct IFSC code (PUNB0MBGB06 for Tola Khadda branch).
- Confirm the details and proceed with the transfer amount.
- For RTGS, ensure your transfer is above the minimum amount (typically ₹2,00,000).
For IMPS (Immediate Payment Service):
- Log in to your mobile banking app or internet banking.
- Select ‘IMPS’ as the transfer method.
- You might be prompted to enter the beneficiary’s Mobile Money Identifier (MMID) and mobile number, or their account number and IFSC code.
- If using account number, provide the beneficiary’s account number and the IFSC code (PUNB0MBGB06).
- Enter the amount and confirm the transaction. IMPS provides instant transfers, even on holidays.
Always double-check the IFSC code and account number before confirming any transaction to avoid sending money to the wrong recipient.
Benefits of Knowing the IFSC Code
Knowing the correct IFSC code for Bihar Gramin Bank’s Tola Khadda branch offers several advantages:
- Accurate Fund Transfers: Ensures your money goes to the exact intended recipient’s branch.
- Faster Processing: Correct codes streamline the electronic transfer process, leading to quicker crediting of funds.
- Error Prevention: Reduces the chances of failed transactions or money being sent to the wrong account.
- Online Banking Convenience: Essential for using internet banking and mobile banking apps for transfers.
- Security: A correctly used IFSC code adds a layer of security by verifying the destination branch.
- Avoid Transaction Delays: Prevents delays or rejections that can occur due to incorrect bank or branch identification.
Contact Information
Bihar Gramin Bank, Tola Khadda Branch:
- Branch Phone Number: 9297954101
- Branch Address: Tola Khadda, WEST CHAMPARAN, 845438, Bihar
Bihar Gramin Bank Head Office:
- Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
- Toll-Free Number: 18001807777
Frequently Asked Questions
Q1: What should I do if I accidentally use an old UBGB or DBGB IFSC code?
A1: Transactions initiated with old UBGB or DBGB IFSC codes are likely to be rejected. The funds should return to your account within a few business days. Always ensure you are using the current valid IFSC code, PUNB0MBGB06, for the Bihar Gramin Bank, Tola Khadda branch.
Q2: Is the 5th character of the IFSC code always zero?
A2: Yes, the fifth character of every IFSC code is always a zero (0). It acts as a control digit and is reserved for future use by the Reserve Bank of India.
Q3: Can I use the IFSC code for international fund transfers?
A3: No, the IFSC code is specifically for domestic electronic fund transfers within India. For international transfers, you would typically need a SWIFT code (Society for Worldwide Interbank Financial Telecommunication code) and other specific banking details.
Q4: How can I find the correct IFSC code if I don’t have it handy?
A4: You can usually find the IFSC code on your bank’s cheque book, passbook, or bank statements. It is also available on the official website of Bihar Gramin Bank or through the Reserve Bank of India’s website. Many reliable financial websites also offer IFSC code lookup tools.
Q5: What is the difference between an IFSC Code and a MICR Code?
A5: An IFSC code is an 11-character alphanumeric code used for online fund transfers (NEFT, RTGS, IMPS). A MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheque leaves, primarily used for processing physical cheques efficiently. Both codes serve different purposes in banking operations.
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.