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 Mumbai - Fort branch in Greater Bombay, Mumbai, Maharashtra, 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 Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code DBSS0IN0174. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Development Bank Of Singapore, Mumbai - Fort, Greater Bombay

Here are some of the key details that come with the IFSC Code DBSS0IN0174 of Development Bank Of Singapore for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0174
Branch Mumbai - Fort
City Greater Bombay
District Mumbai
State Maharashtra
Address No.104,Bombay Samachar Marg,Fort Bharat House,Ground Floor Fort Mumbaigreater Mumbai 400001Mh

These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Greater Bombay for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0174 for the Mumbai - Fort 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 DBSS0IN0174 is given to every bank branch, including Development Bank Of Singapore located in Mumbai - Fort, Greater Bombay, Maharashtra, 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 Greater Bombay.
  • 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 Greater Bombay and Mumbai.
  • 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Mumbai - Fort doesn't end up at another location.

Format of the IFSC Code DBSS0IN0174

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 Mumbai - Fort in Greater Bombay.

For example, the IFSC Code DBSS0IN0174 of Development Bank Of Singapore for the Mumbai - Fort 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?

To find the IFSC Code DBSS0IN0174 of Development Bank Of Singapore for its Mumbai - Fort branch located in Greater Bombay, the following methods can help you out:

Cheque Book

The cheque book issued by Development Bank Of Singapore includes the IFSC Code printed on each cheque leaf. You can easily spot the code 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 the passbook.

Bank Website

Visit the official website of Development Bank Of Singapore and go to the branch locator section. Then search for Mumbai - Fort or Greater Bombay to find the exact IFSC Code DBSS0IN0174.

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 maintains an updated database of all IFSC codes. Searching for Development Bank Of Singapore and Greater Bombay will provide accurate information.

How to Use IFSC Code DBSS0IN0174 for Online Transfers?

Once you have the IFSC Code DBSS0IN0174 for the Mumbai - Fort branch of Development Bank Of Singapore in Greater Bombay, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0174. 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 DBSS0IN0174.

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 Mumbai - Fort in Greater Bombay 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 Mumbai - Fort, 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 Greater Bombay manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Mumbai - Fort, Greater Bombay?

The IFSC Code is DBSS0IN0174.

Is the IFSC Code DBSS0IN0174 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

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

Where can I find the IFSC Code of Development Bank Of Singapore Mumbai - Fort?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Mumbai - Fort branch?

The address of the branch is No.104,Bombay Samachar Marg,Fort Bharat House,Ground Floor Fort Mumbaigreater Mumbai 400001Mh 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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