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 Sulkud branch in Kolhapur, Kolhapur, 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 Kolhapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code DBSS0IN0907. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Development Bank Of Singapore, Sulkud, Kolhapur
Here are some of the key details that come with the IFSC Code DBSS0IN0907 of Development Bank Of Singapore for its branch located in Kolhapur, within the district of Kolhapur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0907 |
| Branch | Sulkud |
| City | Kolhapur |
| District | Kolhapur |
| State | Maharashtra |
| Address | Shop No 01 Zenda Chowk, Main Raod,Sulkud Village,Block Kagal,District-Kolhapur,Pin-416216 |
These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Kolhapur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0907 for the Sulkud 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, along with Development Bank Of Singapore located in Sulkud, Kolhapur, Maharashtra, are given a unique IFSC like DBSS0IN0907 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kolhapur.
- 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 Kolhapur and Kolhapur.
- 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 Sulkud goes to the correct branch. This is important because Development Bank Of Singapore has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code DBSS0IN0907
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): These represent the bank code. In Development Bank Of Singapore, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Sulkud in Kolhapur.
For example, the IFSC Code DBSS0IN0907 of Development Bank Of Singapore for the Sulkud branch has these elements, identifying the bank and the branch location in Kolhapur and Maharashtra correctly.
How to Find IFSC Code for Development Bank Of Singapore?
If you are looking for the IFSC Code DBSS0IN0907 of Development Bank Of Singapore for its Sulkud branch located in Kolhapur, 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 Kolhapur and Kolhapur, 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 Sulkud or Kolhapur to get the exact IFSC Code DBSS0IN0907.
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 Kolhapur, then it will provide you proper information.
How to Use IFSC Code DBSS0IN0907 for Online Transfers?
Once you have the IFSC Code DBSS0IN0907 for the Sulkud branch of Development Bank Of Singapore in Kolhapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0907. 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 DBSS0IN0907.
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 Sulkud in Kolhapur, your payment can get delayed or might not go through at all.
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 Sulkud, 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 Kolhapur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0907.
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 Shop No 01 Zenda Chowk, Main Raod,Sulkud Village,Block Kagal,District-Kolhapur,Pin-416216 located in Kolhapur, Kolhapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.