Himachal Pradesh Gramin Bank – All Information you Needed

Himachal Pradesh Gramin Bank 

Himachal Pradesh Gramin Bank Ltd. is a co-operative state bank. According to the Reserve Bank of India, which is the central bank and the supreme monetary authority, a state co-operative bank means that the bank is the apex bank within the state. So, this bank is the apex for Himachal Pradesh state.

Himachal Pradesh Gramin Bank Branches

This bank with over 243 branches was formed by the merger between Himachal Gramin Bank and Parvatiya Gramin Bank. Due to the fact that agriculture represents over 45% to the state domestic product and that it provides direct employment to more than 71% of its people, Himachal Pradesh mostly an agricultural state, also due to the hilly topography. So, Himachal Gramin Bank is rendering its services in the rural sector so that the rural people to find support in this bank with a strong rural background.

Himachal Pradesh Gramin Bank IFSC Code

In order to be identified, each bank has an IFSC Code from 11 characters, code that helps you to select any state from NEFT list to locate the specific branch for IFSC bank code. Reserve Bank of India allocated to bank PUNB0HPGB04. Used for National Electronic Fund Transfer (NEFT) and for Real Time Gross Settlement (RTGS).

Due to the fact that it operates in over 18 districts of Himachal Pradesh state, having over 243 branches, each branch can be located based on the IFSC Code and MICR Code. A MICR (Magnetic Ink Character Recognition) code is a numeric 9 digit bank code, being representative for each bank branch. For example, HPGB Branch located in Gpo Main Market Bilaspur, district Bilaspur, City Bilaspur has the IFSC Code PUNB0HPGB04 and the MICR Code174828102, these codes being used for RTGS and NEFTtransactions.

Himachal Pradesh Gramin Bank information

The bank fixed deposit interest rates help you to invest a fixed sum of money for a specific period .offering a slightly higher rate of interest than the one in the public sector bank, in order to expand their customer base and attract people. For example, for a deposit with a maturity period of 30 days, the annual interest rate  4.50% and for 90 days  5.75%.

For recurring deposits, the interest rate depends on the customer’s category, for example, senior citizens will earn a higher interest rate. There are also scheme deposits for minors, students, depending on the account’s type.

The Himachal Gramin Bank also offers the possibility to have complete access, by mobile phone services through HPGB Mbanking app, to the bank transactions such as deposits, fund transfer, checking account balance.

Bank Himachal Pradesh Gramin Bank
Head Office Jail Road (Panjethi), Talyahar Mandi, Himachal Pradesh, Pin – 175001
Bank Group Regional Rural Banks
Mobile Number Phone: 01905-227500, FAX No. 01905-227518
Fax Number:  01905-227518
Bank Toll-Free Number 1800-180-7777
Email Id: contact@hpgbank.co.in
Bank Website http://himachalgraminbank.org/

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