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 Bangarpet branch in Kolar, Bangarpet, Karnataka, 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 Kolar or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code DBSS0IN0156. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Development Bank Of Singapore, Bangarpet, Kolar
The table below shows the main details of the IFSC Code DBSS0IN0156 for the Development Bank Of Singapore branch in Kolar, which falls under the Bangarpet district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0156 |
| Branch | Bangarpet |
| City | Kolar |
| District | Bangarpet |
| State | Karnataka |
| Address | Adjacent To Taluk Office,Bangarpet Vlt Complex,No.751/A,Maszid Road,Bangarpetkolar563114Ka |
These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in Kolar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0156 for the Bangarpet 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 Bangarpet, Kolar, Karnataka, are given a unique IFSC like DBSS0IN0156 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kolar.
- 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 Kolar and Bangarpet.
- 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 Bangarpet goes to the correct branch. This is important because Development Bank Of Singapore has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code DBSS0IN0156
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 Bangarpet in Kolar.
For example, the IFSC Code DBSS0IN0156 of Development Bank Of Singapore for the Bangarpet branch includes these elements, identifying the bank and the branch location in Kolar and Karnataka accurately.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0156 of Development Bank Of Singapore for its Bangarpet branch located in Kolar, 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 Kolar and Bangarpet, 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 Bangarpet or Kolar to get the exact IFSC Code DBSS0IN0156.
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 Kolar, you'll get the correct details.
How to Use IFSC Code DBSS0IN0156 for Online Transfers?
Once you have the IFSC Code DBSS0IN0156 for the Bangarpet branch of Development Bank Of Singapore in Kolar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0156. 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 DBSS0IN0156.
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 Bangarpet in Kolar, 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 Bangarpet, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Kolar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0156.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Adjacent To Taluk Office,Bangarpet Vlt Complex,No.751/A,Maszid Road,Bangarpetkolar563114Ka located in Kolar, Bangarpet, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.