For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Development Bank Of Singapore for its Jalahalli branch in Bangalore Urban, Bangalore, Karnataka, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Development Bank Of Singapore located in Bangalore Urban or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code DBSS0IN0166. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Development Bank Of Singapore, Jalahalli, Bangalore Urban
Here are the key points that are associated with the IFSC Code DBSS0IN0166 of Development Bank Of Singapore for its branch located in Bangalore Urban, within the district of Bangalore in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0166 |
| Branch | Jalahalli |
| City | Bangalore Urban |
| District | Bangalore |
| State | Karnataka |
| Address | No.20/21 Mes Road Swaraj Buildingbangalore Urban560054Ka |
These details are crucial, not just for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Bangalore Urban for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0166 for the Jalahalli branch of Development Bank Of Singapore has 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 DBSS0IN0166 is given to every bank branch, including Development Bank Of Singapore located in Jalahalli, Bangalore Urban, Karnataka, 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 Bangalore Urban.
- 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 Bangalore Urban and Bangalore.
- 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 Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Jalahalli doesn't end up at another location.
Format of the IFSC Code DBSS0IN0166
The format of the IFSC Code for banks, including Development Bank Of Singapore, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Development Bank Of Singapore, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Jalahalli in Bangalore Urban.
For example, the IFSC Code DBSS0IN0166 of Development Bank Of Singapore for the Jalahalli branch has these elements, identifying the bank and the branch location in Bangalore Urban and Karnataka correctly.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0166 of Development Bank Of Singapore for its Jalahalli branch located in Bangalore Urban, the following methods can help:
Cheque Book
The cheque book issued by Development Bank Of Singapore includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Development Bank Of Singapore branches in Bangalore Urban and Bangalore, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Development Bank Of Singapore and navigate to the branch locator section. Search for Jalahalli or Bangalore Urban to get the exact IFSC Code DBSS0IN0166.
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 keeps an updated list of all IFSC codes. If you search for Development Bank Of Singapore and Bangalore Urban, you'll get the correct details.
How to Use IFSC Code DBSS0IN0166 for Online Transfers?
Once you have the IFSC Code DBSS0IN0166 for the Jalahalli branch of Development Bank Of Singapore in Bangalore Urban, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0166. 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 DBSS0IN0166.
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 Jalahalli in Bangalore Urban, 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 Jalahalli, 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 Bangalore Urban to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0166.
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 No.20/21 Mes Road Swaraj Buildingbangalore Urban560054Ka located in Bangalore Urban, Bangalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.