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 Sultannagaram Gollapalem branch in Krishna, Vijayawada, Andhra Pradesh, 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 Krishna or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code DBSS0IN0696. 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, Sultannagaram Gollapalem, Krishna
Below in the table are the key details related to IFSC Code DBSS0IN0696 of Development Bank Of Singapore for its branch located in Krishna, within the district of Vijayawada in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0696 |
| Branch | Sultannagaram Gollapalem |
| City | Krishna |
| District | Vijayawada |
| State | Andhra Pradesh |
| Address | 4 -74-3 Main Road Sultannagaram Gollapalem, Machilipatnam, 521001 |
These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Krishna for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0696 for the Sultannagaram Gollapalem 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 Sultannagaram Gollapalem, Krishna, Andhra Pradesh, are allotted a unique IFSC like DBSS0IN0696 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Krishna.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Krishna and Vijayawada.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Development Bank Of Singapore in Sultannagaram Gollapalem reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code DBSS0IN0696
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 Sultannagaram Gollapalem in Krishna.
For example, the IFSC Code DBSS0IN0696 of Development Bank Of Singapore for the Sultannagaram Gollapalem branch includes these elements, identifying the bank and the branch location in Krishna and Andhra Pradesh accurately.
How to Find IFSC Code for Development Bank Of Singapore?
To find the IFSC Code DBSS0IN0696 of Development Bank Of Singapore for its Sultannagaram Gollapalem branch located in Krishna, the following methods can help you out:
Cheque Book
The cheque book issued by Development Bank Of Singapore includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Development Bank Of Singapore branches in Krishna and Vijayawada, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Development Bank Of Singapore and go to the branch locator section. Then search for Sultannagaram Gollapalem or Krishna to find the exact IFSC Code DBSS0IN0696.
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 maintains an updated database of all IFSC codes. Searching for Development Bank Of Singapore and Krishna will provide accurate information.
How to Use IFSC Code DBSS0IN0696 for Online Transfers?
Once you have the IFSC Code DBSS0IN0696 for the Sultannagaram Gollapalem branch of Development Bank Of Singapore in Krishna, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0696. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Development Bank Of Singapore IFSC Code DBSS0IN0696.
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 Sultannagaram Gollapalem in Krishna, 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 Sultannagaram Gollapalem, 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 Krishna manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0696.
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 4 -74-3 Main Road Sultannagaram Gollapalem, Machilipatnam, 521001 located in Krishna, Vijayawada, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.