There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Development Bank Of Singapore for its Borivali Branch branch in Greater Bombay, Mumbai, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Development Bank Of Singapore situated in Greater Bombay or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code DBSS0IN0178. You should 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, Borivali Branch, Greater Bombay

The table below shows the main details of the IFSC Code DBSS0IN0178 for the Development Bank Of Singapore branch in Greater Bombay, which falls under the Mumbai district in Maharashtra.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0178
Branch Borivali Branch
City Greater Bombay
District Mumbai
State Maharashtra
Address P.O.Borivali,400092 8 Kapoor Apts,Chandavarkar Rd,Mumbai,Greater Mumbai 400092Mh

These details are important not only for users using online banking but also for businesses and individuals who use Development Bank Of Singapore in Greater Bombay for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code DBSS0IN0178 for the Borivali Branch branch of Development Bank Of Singapore is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Development Bank Of Singapore located in Borivali Branch, Greater Bombay, Maharashtra, is provided a unique IFSC like DBSS0IN0178 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Development Bank Of Singapore branch in Greater Bombay.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Greater Bombay and Mumbai.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Borivali Branch do not get misguided to another person.

Format of the IFSC Code DBSS0IN0178

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 Borivali Branch in Greater Bombay.

For example, the IFSC Code DBSS0IN0178 of Development Bank Of Singapore for the Borivali Branch branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are trying to find the IFSC Code DBSS0IN0178 of Development Bank Of Singapore for its Borivali Branch branch located in Greater Bombay, 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 Greater Bombay and Mumbai, 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 Borivali Branch or Greater Bombay to get the exact IFSC Code DBSS0IN0178.

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 Greater Bombay, you'll get the correct details.

How to Use IFSC Code DBSS0IN0178 for Online Transfers?

Once you have the IFSC Code DBSS0IN0178 for the Borivali Branch branch of Development Bank Of Singapore in Greater Bombay, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0178. 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 DBSS0IN0178.

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 Borivali Branch in Greater Bombay, 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 Borivali Branch, 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 Greater Bombay to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Borivali Branch, Greater Bombay?

The IFSC Code is DBSS0IN0178.

Is the IFSC Code DBSS0IN0178 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Development Bank Of Singapore Borivali Branch?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Borivali Branch branch?

The address of the branch is P.O.Borivali,400092 8 Kapoor Apts,Chandavarkar Rd,Mumbai,Greater Mumbai 400092Mh located in Greater Bombay, Mumbai, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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