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 Mathur branch in Krishnagiri, Mathur, Tamil Nadu, 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 Krishnagiri or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code DBSS0IN0458. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Development Bank Of Singapore, Mathur, Krishnagiri
Below in the table are the key details related to IFSC Code DBSS0IN0458 of Development Bank Of Singapore for its branch located in Krishnagiri, within the district of Mathur in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0458 |
| Branch | Mathur |
| City | Krishnagiri |
| District | Mathur |
| State | Tamil Nadu |
| Address | Mathur Raja Street Mathurbatrahalli635203Tn |
These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in Krishnagiri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0458 for the Mathur 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, including Development Bank Of Singapore located in Mathur, Krishnagiri, Tamil Nadu, is provided with a unique IFSC like DBSS0IN0458 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 Krishnagiri.
- 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 Krishnagiri and Mathur.
- 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 Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Mathur do not get mixed with another location.
Format of the IFSC Code DBSS0IN0458
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 Mathur in Krishnagiri.
For example, the IFSC Code DBSS0IN0458 of Development Bank Of Singapore for the Mathur branch has these elements, identifying the bank and the branch location in Krishnagiri and Tamil Nadu correctly.
How to Find IFSC Code for Development Bank Of Singapore?
If you are looking for the IFSC Code DBSS0IN0458 of Development Bank Of Singapore for its Mathur branch located in Krishnagiri, 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 Krishnagiri and Mathur, 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 Mathur or Krishnagiri to get the exact IFSC Code DBSS0IN0458.
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 Krishnagiri, then it will provide you proper information.
How to Use IFSC Code DBSS0IN0458 for Online Transfers?
If you have the IFSC Code DBSS0IN0458 for the Mathur branch of Development Bank Of Singapore in Krishnagiri, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0458. 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 DBSS0IN0458.
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 Mathur in Krishnagiri, it may result in delayed or failed transactions.
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 Mathur, 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 Krishnagiri manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0458.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Mathur Raja Street Mathurbatrahalli635203Tn located in Krishnagiri, Mathur, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.