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 Bhubaneshwar branch in Bhubaneshwar, Bhubaneshwar, Odisha, 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 Bhubaneshwar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code DBSS0IN0867. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Development Bank Of Singapore, Bhubaneshwar, Bhubaneshwar
Here are the key points that are associated with the IFSC Code DBSS0IN0867 of Development Bank Of Singapore for its branch located in Bhubaneshwar, within the district of Bhubaneshwar in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0867 |
| Branch | Bhubaneshwar |
| City | Bhubaneshwar |
| District | Bhubaneshwar |
| State | Odisha |
| Address | Unit No 301,Esplanade One Mall,721 Rasulgarh,Bhubaneshwar - 751010 |
These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Bhubaneshwar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0867 for the Bhubaneshwar 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 provided by the Reserve Bank of India. Every bank branch, along with Development Bank Of Singapore located in Bhubaneshwar, Bhubaneshwar, Odisha, are allotted a unique IFSC like DBSS0IN0867 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhubaneshwar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhubaneshwar and Bhubaneshwar.
- 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 Bhubaneshwar reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code DBSS0IN0867
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 Bhubaneshwar in Bhubaneshwar.
For example, the IFSC Code DBSS0IN0867 of Development Bank Of Singapore for the Bhubaneshwar branch has these elements, identifying the bank and the branch location in Bhubaneshwar and Odisha correctly.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0867 of Development Bank Of Singapore for its Bhubaneshwar branch located in Bhubaneshwar, 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
You can easily find the IFSC and MICR codes because most banks, including Development Bank Of Singapore branches in Bhubaneshwar and Bhubaneshwar, print them 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 Bhubaneshwar or Bhubaneshwar to get the exact IFSC Code DBSS0IN0867.
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 Bhubaneshwar, you'll get the correct details.
How to Use IFSC Code DBSS0IN0867 for Online Transfers?
Once you have the IFSC Code DBSS0IN0867 for the Bhubaneshwar branch of Development Bank Of Singapore in Bhubaneshwar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0867. 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 DBSS0IN0867.
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 Bhubaneshwar in Bhubaneshwar, 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 Bhubaneshwar, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Bhubaneshwar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0867.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Unit No 301,Esplanade One Mall,721 Rasulgarh,Bhubaneshwar - 751010 located in Bhubaneshwar, Bhubaneshwar, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.