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 Coimbatore branch in Coimbatore, Coimbatore, Tamil Nadu, 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 Coimbatore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code DBSS0IN0859. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Development Bank Of Singapore, Coimbatore, Coimbatore
Here are the key points that are associated with the IFSC Code DBSS0IN0859 of Development Bank Of Singapore for its branch located in Coimbatore, within the district of Coimbatore in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0859 |
| Branch | Coimbatore |
| City | Coimbatore |
| District | Coimbatore |
| State | Tamil Nadu |
| Address | Mayflower Mid City Ground Floor, Door No. 1510, Trichy Road, Coimbatore, Tamil Nadu-641018. |
These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Coimbatore for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0859 for the Coimbatore 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 DBSS0IN0859 is given to every bank branch, including Development Bank Of Singapore located in Coimbatore, Coimbatore, Tamil Nadu, 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 Coimbatore.
- 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 Coimbatore and Coimbatore.
- 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 Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Coimbatore doesn't end up at another location.
Format of the IFSC Code DBSS0IN0859
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 Coimbatore in Coimbatore.
For example, the IFSC Code DBSS0IN0859 of Development Bank Of Singapore for the Coimbatore branch has these elements, identifying the bank and the branch location in Coimbatore and Tamil Nadu correctly.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0859 of Development Bank Of Singapore for its Coimbatore branch located in Coimbatore, the following methods can help:
Cheque Book
The cheque books that are issued by Development Bank Of Singapore include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Development Bank Of Singapore branches in Coimbatore and Coimbatore, 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 find the branch locator section. Search for Coimbatore or Coimbatore to get the exact IFSC Code DBSS0IN0859.
Mobile Banking App
If you use Development Bank Of Singapore's mobile app, you can easily 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 to help you in searching for Development Bank Of Singapore and Coimbatore that will provide accurate information.
How to Use IFSC Code DBSS0IN0859 for Online Transfers?
If you have the IFSC Code DBSS0IN0859 for the Coimbatore branch of Development Bank Of Singapore in Coimbatore, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0859. Transfers are processed in batches. 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. Asks for the recipient's account details and Development Bank Of Singapore IFSC Code DBSS0IN0859.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Development Bank Of Singapore Coimbatore in Coimbatore, it 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 Coimbatore, 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 Coimbatore manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0859.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Mayflower Mid City Ground Floor, Door No. 1510, Trichy Road, Coimbatore, Tamil Nadu-641018. located in Coimbatore, Coimbatore, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.