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 Mangalagiri branch in Guntur, Mangalagiri, 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 DBSS0IN0476. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Development Bank Of Singapore, Mangalagiri, Guntur
Here are the key points that are associated with the IFSC Code DBSS0IN0476 of Development Bank Of Singapore for its branch located in Guntur, within the district of Mangalagiri in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0476 |
| Branch | Mangalagiri |
| City | Guntur |
| District | Mangalagiri |
| State | Andhra Pradesh |
| Address | Gowtham Budda Road,Mangalagiri D.No.7-380/A,Psr Bhavan,Opp Vijaya Delux,Mangalagirimangalagiri522503Ap |
These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Guntur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0476 for the Mangalagiri 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 provided by the Reserve Bank of India. Every bank branch, including Development Bank Of Singapore located in Mangalagiri, Guntur, Andhra Pradesh, is provided with a unique IFSC like DBSS0IN0476 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Development Bank Of Singapore branch in Guntur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Guntur and Mangalagiri.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Andhra Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Mangalagiri do not get mixed with another location.
Format of the IFSC Code DBSS0IN0476
This is the format of the IFSC Code for banks, including Development Bank Of Singapore, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Development Bank Of Singapore, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mangalagiri in Guntur.
For example, the IFSC Code DBSS0IN0476 of Development Bank Of Singapore for the Mangalagiri 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 trying to find the IFSC Code DBSS0IN0476 of Development Bank Of Singapore for its Mangalagiri branch located in Guntur, 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
You can easily find the IFSC and MICR codes because most banks, including Development Bank Of Singapore branches in Guntur and Mangalagiri, print them 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 Mangalagiri or Guntur to get the exact IFSC Code DBSS0IN0476.
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 Guntur, you'll get the correct details.
How to Use IFSC Code DBSS0IN0476 for Online Transfers?
If you have the IFSC Code DBSS0IN0476 for the Mangalagiri branch of Development Bank Of Singapore in Guntur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0476. 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 DBSS0IN0476.
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 Mangalagiri in Guntur, it 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 Mangalagiri, 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 Guntur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mangalagiri Guntur branch is DBSS0IN0476.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Gowtham Budda Road,Mangalagiri D.No.7-380/A,Psr Bhavan,Opp Vijaya Delux,Mangalagirimangalagiri522503Ap.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.