The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Development Bank Of Singapore for its Bagalkot branch in Bagalkot, Bagalkot, Karnataka, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Development Bank Of Singapore located in Bagalkot or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code DBSS0IN0173. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Development Bank Of Singapore, Bagalkot, Bagalkot

Here are the key points that are associated with the IFSC Code DBSS0IN0173 of Development Bank Of Singapore for its branch located in Bagalkot, within the district of Bagalkot in the state of Karnataka.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0173
Branch Bagalkot
City Bagalkot
District Bagalkot
State Karnataka
Address No 32 And 33, Melligeri Towers ,D Block,,Railway Station Road, Bagalkot, Karnataka - 587101, Railway Station Road, Bagalkot, Karnataka - 587101

These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Bagalkot for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0173 for the Bagalkot 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Development Bank Of Singapore located in Bagalkot, Bagalkot, Karnataka, is provided a unique IFSC like DBSS0IN0173 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Development Bank Of Singapore branch in Bagalkot.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Bagalkot and Bagalkot.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Bagalkot do not get misguided to another person.

Format of the IFSC Code DBSS0IN0173

This is the format of the IFSC Code for banks, including Development Bank Of Singapore, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Development Bank Of Singapore, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Bagalkot in Bagalkot.

For example, the IFSC Code DBSS0IN0173 of Development Bank Of Singapore for the Bagalkot branch includes these elements, identifying the bank and the branch location in Bagalkot and Karnataka accurately.

How to Find IFSC Code for Development Bank Of Singapore?

To find the IFSC Code DBSS0IN0173 of Development Bank Of Singapore for its Bagalkot branch located in Bagalkot, the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including Development Bank Of Singapore branches in Bagalkot and Bagalkot, 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 go to the branch locator section. Then search for Bagalkot or Bagalkot to find the exact IFSC Code DBSS0IN0173.

Mobile Banking App

If you use Development Bank Of Singapore's mobile app, you can 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. Searching for Development Bank Of Singapore and Bagalkot will provide accurate information.

How to Use IFSC Code DBSS0IN0173 for Online Transfers?

Once you have the IFSC Code DBSS0IN0173 for the Bagalkot branch of Development Bank Of Singapore in Bagalkot, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0173. 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 DBSS0IN0173.

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 Bagalkot in Bagalkot, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Development Bank Of Singapore in Bagalkot, you can find it by any of the following ways:

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

Having both IFSC and MICR codes helps account holders in Bagalkot manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Bagalkot, Bagalkot?

The IFSC Code is DBSS0IN0173.

Is the IFSC Code DBSS0IN0173 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

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

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

What is the full address of the Bagalkot branch?

The address of the branch is No 32 And 33, Melligeri Towers ,D Block,,Railway Station Road, Bagalkot, Karnataka - 587101, Railway Station Road, Bagalkot, Karnataka - 587101 located in Bagalkot, Bagalkot, Karnataka.

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.