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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Development Bank Of Singapore for its Ananthapur branch in Anantapur, Anantapur, Andhra Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Development Bank Of Singapore located in Anantapur or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code DBSS0IN0118. 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, Ananthapur, Anantapur

Below in the table are the key details related to IFSC Code DBSS0IN0118 of Development Bank Of Singapore for its branch located in Anantapur, within the district of Anantapur in the state of Andhra Pradesh.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0118
Branch Ananthapur
City Anantapur
District Anantapur
State Andhra Pradesh
Address Kamala Nagar 15/695Ananthapur515001Ap

These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Anantapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0118 for the Ananthapur branch of Development Bank Of Singapore plays a vital 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 DBSS0IN0118 is given to every bank branch, including Development Bank Of Singapore located in Ananthapur, Anantapur, 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 Anantapur.
  • 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 Anantapur and Anantapur.
  • 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 Ananthapur doesn't end up at another location.

Format of the IFSC Code DBSS0IN0118

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 Ananthapur in Anantapur.

For example, the IFSC Code DBSS0IN0118 of Development Bank Of Singapore for the Ananthapur branch includes these elements, identifying the bank and the branch location in Anantapur and Andhra Pradesh correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are looking for the IFSC Code DBSS0IN0118 of Development Bank Of Singapore for its Ananthapur branch located in Anantapur, the following methods can help:

Cheque Book

The cheque book that is issued by Development Bank Of Singapore includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

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

Bank Website

You can visit the official website of Development Bank Of Singapore and look for the branch locator section, then search for Ananthapur or Anantapur to get the exact IFSC Code DBSS0IN0118.

Mobile Banking App

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

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Development Bank Of Singapore and Anantapur, then it will provide you proper information.

How to Use IFSC Code DBSS0IN0118 for Online Transfers?

Once you have the IFSC Code DBSS0IN0118 for the Ananthapur branch of Development Bank Of Singapore in Anantapur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0118. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹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 DBSS0IN0118.

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 Ananthapur in Anantapur, 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 Ananthapur, 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 Anantapur 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 in Ananthapur, Anantapur?

The IFSC Code is DBSS0IN0118.

Is the IFSC Code DBSS0IN0118 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Development Bank Of Singapore Ananthapur?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Ananthapur branch?

The address of the branch is Kamala Nagar 15/695Ananthapur515001Ap located in Anantapur, Anantapur, Andhra Pradesh.

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.