IFSC Code of Development Bank Of Singapore, Bhubaneshwar, Bhubaneswar, Odisha — DBSS0IN0160

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 Bhubaneshwar branch in Khurda, Bhubaneswar, Odisha, 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 Khurda or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code DBSS0IN0160. 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, Bhubaneshwar, Khurda

The table below shows the main details of the IFSC Code DBSS0IN0160 for the Development Bank Of Singapore branch in Khurda, which falls under the Bhubaneswar district in Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Khurda for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0160 for the Bhubaneshwar branch of Development Bank Of Singapore has 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 Bhubaneshwar, Khurda, Odisha, is provided with a unique IFSC like DBSS0IN0160 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 Khurda.
• 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 Khurda and Bhubaneswar.
• 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Bhubaneshwar do not get mixed with another location.

Format of the IFSC Code DBSS0IN0160

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 Bhubaneshwar in Khurda.

For example, the IFSC Code DBSS0IN0160 of Development Bank Of Singapore for the Bhubaneshwar branch includes these elements, identifying the bank and the branch location in Khurda and Odisha accurately.

How to Find IFSC Code for Development Bank Of Singapore?

If you are trying to find the IFSC Code DBSS0IN0160 of Development Bank Of Singapore for its Bhubaneshwar branch located in Khurda, 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 Khurda and Bhubaneswar, 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 Bhubaneshwar or Khurda to get the exact IFSC Code DBSS0IN0160.

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 Khurda, you'll get the correct details.

How to Use IFSC Code DBSS0IN0160 for Online Transfers?

Once you have the IFSC Code DBSS0IN0160 for the Bhubaneshwar branch of Development Bank Of Singapore in Khurda, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0160. 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 DBSS0IN0160.

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 Bhubaneshwar in Khurda, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Development Bank Of Singapore in Bhubaneshwar, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Khurda manage their online transfers and cheque clearances easily.