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 Ananthavarappadu branch in Guntur, Ananthavarappadu, Andhra Pradesh, 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 Guntur or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code DBSS0IN0128. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Development Bank Of Singapore, Ananthavarappadu, Guntur

Here are the main details that are associated with the IFSC Code DBSS0IN0128 of Development Bank Of Singapore for its branch located in Guntur, within the district of Ananthavarappadu in the state of Andhra Pradesh.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0128
Branch Ananthavarappadu
City Guntur
District Ananthavarappadu
State Andhra Pradesh
Address Vatticherukkuru Mandalam D.No.1-86,Budampadu Road,Ananthavarappadu,Ananthavarappaduananthavarappadu522017Ap

These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in Guntur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0128 for the Ananthavarappadu branch of Development Bank Of Singapore has a very important 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 Ananthavarappadu, Guntur, Andhra Pradesh, are given a unique IFSC like DBSS0IN0128 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Guntur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Guntur and Ananthavarappadu.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Development Bank Of Singapore in Ananthavarappadu goes to the correct branch. This is important because Development Bank Of Singapore has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code DBSS0IN0128

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): 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 Ananthavarappadu in Guntur.

For example, the IFSC Code DBSS0IN0128 of Development Bank Of Singapore for the Ananthavarappadu branch includes these elements, identifying the bank and the branch location in Guntur and Andhra Pradesh accurately.

How to Find IFSC Code for Development Bank Of Singapore?

If you are looking for the IFSC Code DBSS0IN0128 of Development Bank Of Singapore for its Ananthavarappadu branch located in Guntur, the following methods can help:

Cheque Book

The cheque book that is issued by Development Bank Of Singapore includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Development Bank Of Singapore branches in Guntur and Ananthavarappadu, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Development Bank Of Singapore and look for the branch locator section, then search for Ananthavarappadu or Guntur to get the exact IFSC Code DBSS0IN0128.

Mobile Banking App

If you use Development Bank Of Singapore's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Development Bank Of Singapore and Guntur, then it will provide you proper information.

How to Use IFSC Code DBSS0IN0128 for Online Transfers?

Once you have the IFSC Code DBSS0IN0128 for the Ananthavarappadu branch of Development Bank Of Singapore in Guntur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0128. 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 DBSS0IN0128.

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 Ananthavarappadu in Guntur, 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 Ananthavarappadu, 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 Guntur 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 Ananthavarappadu Guntur?

The IFSC Code of the Ananthavarappadu Guntur branch is DBSS0IN0128.

Is IFSC Code DBSS0IN0128 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Development Bank Of Singapore Ananthavarappadu branch?

The branch is located at Vatticherukkuru Mandalam D.No.1-86,Budampadu Road,Ananthavarappadu,Ananthavarappaduananthavarappadu522017Ap.

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.