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 Bangalore - Basaveshwaranagar branch in Bangalore, Bangalore, or Karnataka, 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 Bangalore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code DBSS0IN0144. 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, Bangalore - Basaveshwaranagar, Bangalore
Below in the table are the key details related to IFSC Code DBSS0IN0144 of Development Bank Of Singapore for its branch located in Bangalore, within the district of Bangalore in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0144 |
| Branch | Bangalore - Basaveshwaranagar |
| City | Bangalore |
| District | Bangalore |
| State | Karnataka |
| Address | 2Nd Stage,No.27,80 Feet Road,Khb Colony,Basaveshwaranagar,Bangalorebangalore Urban560079Ka |
These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Bangalore for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0144 for the Bangalore - Basaveshwaranagar 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 provided by the Reserve Bank of India. Every bank branch, along with Development Bank Of Singapore located in Bangalore - Basaveshwaranagar, Bangalore, Karnataka, are allotted a unique IFSC like DBSS0IN0144 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bangalore.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bangalore and Bangalore.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Development Bank Of Singapore in Bangalore - Basaveshwaranagar reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code DBSS0IN0144
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 Bangalore - Basaveshwaranagar in Bangalore.
For example, the IFSC Code DBSS0IN0144 of Development Bank Of Singapore for the Bangalore - Basaveshwaranagar branch includes these elements, identifying the bank and the branch location in Bangalore and Karnataka correctly.
How to Find IFSC Code for Development Bank Of Singapore?
To find the IFSC Code DBSS0IN0144 of Development Bank Of Singapore for its Bangalore - Basaveshwaranagar branch located in Bangalore, 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 Bangalore and Bangalore, 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 Bangalore - Basaveshwaranagar or Bangalore to find the exact IFSC Code DBSS0IN0144.
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 Bangalore will provide accurate information.
How to Use IFSC Code DBSS0IN0144 for Online Transfers?
Once you have the IFSC Code DBSS0IN0144 for the Bangalore - Basaveshwaranagar branch of Development Bank Of Singapore in Bangalore, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0144. Transfers are processed in batches. This is suitable for 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 DBSS0IN0144.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Development Bank Of Singapore Bangalore - Basaveshwaranagar in Bangalore may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Development Bank Of Singapore in Bangalore - Basaveshwaranagar, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Bangalore manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0144.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 2Nd Stage,No.27,80 Feet Road,Khb Colony,Basaveshwaranagar,Bangalorebangalore Urban560079Ka located in Bangalore, Bangalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.