Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Development Bank Of Singapore for its Luxettipet branch in Adilabad, Luxettipet, or Andhra Pradesh, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Development Bank Of Singapore located in Adilabad or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code DBSS0IN0411. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Development Bank Of Singapore, Luxettipet, Adilabad

The table below shows the main details of the IFSC Code DBSS0IN0411 for the Development Bank Of Singapore branch in Adilabad, which falls under the Luxettipet district in Andhra Pradesh.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0411
Branch Luxettipet
City Adilabad
District Luxettipet
State Andhra Pradesh
Address Gandhi Chowk Main Road D.No.6-74,Luxettipetluxettipet504215Ts

These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Adilabad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0411 for the Luxettipet branch of Development Bank Of Singapore plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like DBSS0IN0411 is given to every bank branch, including Development Bank Of Singapore located in Luxettipet, Adilabad, Andhra Pradesh, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Development Bank Of Singapore branch in Adilabad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Adilabad and Luxettipet.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Andhra Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Luxettipet doesn't end up at another location.

Format of the IFSC Code DBSS0IN0411

The format of the IFSC Code for banks, including Development Bank Of Singapore, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Development Bank Of Singapore, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Luxettipet in Adilabad.

For example, the IFSC Code DBSS0IN0411 of Development Bank Of Singapore for the Luxettipet branch includes these elements, identifying the bank and the branch location in Adilabad and Andhra Pradesh correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are trying to find the IFSC Code DBSS0IN0411 of Development Bank Of Singapore for its Luxettipet branch located in Adilabad, the following methods can help:

Cheque Book

The cheque books that are issued by Development Bank Of Singapore include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Development Bank Of Singapore branches in Adilabad and Luxettipet, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Development Bank Of Singapore and find the branch locator section. Search for Luxettipet or Adilabad to get the exact IFSC Code DBSS0IN0411.

Mobile Banking App

If you use Development Bank Of Singapore's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Development Bank Of Singapore and Adilabad that will provide accurate information.

How to Use IFSC Code DBSS0IN0411 for Online Transfers?

Once you have the IFSC Code DBSS0IN0411 for the Luxettipet branch of Development Bank Of Singapore in Adilabad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0411. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Development Bank Of Singapore IFSC Code DBSS0IN0411.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Development Bank Of Singapore Luxettipet in Adilabad, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Development Bank Of Singapore in Luxettipet, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Development Bank Of Singapore website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Adilabad to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore Luxettipet Adilabad?

The IFSC Code of the Luxettipet Adilabad branch is DBSS0IN0411.

Is IFSC Code DBSS0IN0411 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Development Bank Of Singapore Luxettipet branch?

The branch is located at Gandhi Chowk Main Road D.No.6-74,Luxettipetluxettipet504215Ts.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.