Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Development Bank Of Singapore for its Kesamudram branch in Mahabubabad, Kesamaduram, Telangana, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Development Bank Of Singapore located in Mahabubabad or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code DBSS0IN0942. You should definitely 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, Kesamudram, Mahabubabad

The table below shows the main details of the IFSC Code DBSS0IN0942 for the Development Bank Of Singapore branch in Mahabubabad, which falls under the Kesamaduram district in Telangana.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0942
Branch Kesamudram
City Mahabubabad
District Kesamaduram
State Telangana
Address Mahabubbad D.No.5-4-101/2,Thorrur Road,Kesamudram Kesamudramkesamudram506112Ts

These details are crucial, not just for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Mahabubabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0942 for the Kesamudram 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 Kesamudram, Mahabubabad, Telangana, is provided with a unique IFSC like DBSS0IN0942 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 Mahabubabad.
  • 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 Mahabubabad and Kesamaduram.
  • 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 Telangana and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Kesamudram do not get mixed with another location.

Format of the IFSC Code DBSS0IN0942

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 Kesamudram in Mahabubabad.

For example, the IFSC Code DBSS0IN0942 of Development Bank Of Singapore for the Kesamudram branch has these elements, identifying the bank and the branch location in Mahabubabad and Telangana correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are trying to find the IFSC Code DBSS0IN0942 of Development Bank Of Singapore for its Kesamudram branch located in Mahabubabad, the following methods can help:

Cheque Book

The cheque books that are issued by Development Bank Of Singapore include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Development Bank Of Singapore branches in Mahabubabad and Kesamaduram, 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 find the branch locator section. Search for Kesamudram or Mahabubabad to get the exact IFSC Code DBSS0IN0942.

Mobile Banking App

If you use Development Bank Of Singapore's mobile app, you can easily 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 to help you in searching for Development Bank Of Singapore and Mahabubabad that will provide accurate information.

How to Use IFSC Code DBSS0IN0942 for Online Transfers?

Once you have the IFSC Code DBSS0IN0942 for the Kesamudram branch of Development Bank Of Singapore in Mahabubabad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0942. 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 DBSS0IN0942.

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 Kesamudram in Mahabubabad, 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 Kesamudram, 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 Mahabubabad manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Kesamudram, Mahabubabad?

The IFSC Code is DBSS0IN0942.

Is the IFSC Code DBSS0IN0942 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Development Bank Of Singapore Kesamudram?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Kesamudram branch?

The address of the branch is Mahabubbad D.No.5-4-101/2,Thorrur Road,Kesamudram Kesamudramkesamudram506112Ts located in Mahabubabad, Kesamaduram, Telangana.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.