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 Mangalore branch in Dakshin Kannad, Mangalore, 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 Dakshin Kannad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code DBSS0IN0473. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Development Bank Of Singapore, Mangalore, Dakshin Kannad
Here are the main details that are associated with the IFSC Code DBSS0IN0473 of Development Bank Of Singapore for its branch located in Dakshin Kannad, within the district of Mangalore in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0473 |
| Branch | Mangalore |
| City | Dakshin Kannad |
| District | Mangalore |
| State | Karnataka |
| Address | May Fair City 14-1-741/6 Shop Nos 1 To 8,23 To 27 K R R Road,Karangalpady,Mangaloredakshin Kannad575003Ka |
These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Dakshin Kannad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0473 for the Mangalore 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 that is provided by the Reserve Bank of India. A unique IFSC like DBSS0IN0473 is given to every bank branch, including Development Bank Of Singapore located in Mangalore, Dakshin Kannad, 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 Dakshin Kannad.
- 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 Dakshin Kannad and Mangalore.
- 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 Mangalore doesn't end up at another location.
Format of the IFSC Code DBSS0IN0473
The format of the IFSC Code for banks, including Development Bank Of Singapore, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Development Bank Of Singapore, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mangalore in Dakshin Kannad.
For example, the IFSC Code DBSS0IN0473 of Development Bank Of Singapore for the Mangalore branch includes these elements, identifying the bank and the branch location in Dakshin Kannad and Karnataka accurately.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0473 of Development Bank Of Singapore for its Mangalore branch located in Dakshin Kannad, 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 Dakshin Kannad and Mangalore, 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 Mangalore or Dakshin Kannad to get the exact IFSC Code DBSS0IN0473.
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 Dakshin Kannad, you'll get the correct details.
How to Use IFSC Code DBSS0IN0473 for Online Transfers?
Once you have the IFSC Code DBSS0IN0473 for the Mangalore branch of Development Bank Of Singapore in Dakshin Kannad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0473. 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 DBSS0IN0473.
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 Mangalore in Dakshin Kannad may result in delayed or failed transactions.
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 Mangalore, 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 Dakshin Kannad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0473.
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 May Fair City 14-1-741/6 Shop Nos 1 To 8,23 To 27 K R R Road,Karangalpady,Mangaloredakshin Kannad575003Ka located in Dakshin Kannad, Mangalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.