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 Kemps Corner, Mumbai Branch branch in Mumbai, Mumbai, Maharashtra, 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 Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code DBSS0IN0835. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Development Bank Of Singapore, Kemps Corner, Mumbai Branch, Mumbai

Here are the key points that are associated with the IFSC Code DBSS0IN0835 of Development Bank Of Singapore for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0835
Branch Kemps Corner, Mumbai Branch
City Mumbai
District Mumbai
State Maharashtra
Address Ground Floor, Central Shore, Part 2 13 Ns Patkar Marg Cs No 2/551, Malabar Hill Division, Mumbai 400007

These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0835 for the Kemps Corner, Mumbai Branch branch of Development Bank Of Singapore plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like DBSS0IN0835 is given to every bank branch, including Development Bank Of Singapore located in Kemps Corner, Mumbai Branch, Mumbai, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Development Bank Of Singapore branch in Mumbai.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Mumbai and Mumbai.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Kemps Corner, Mumbai Branch doesn't end up at another location.

Format of the IFSC Code DBSS0IN0835

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 Kemps Corner, Mumbai Branch in Mumbai.

For example, the IFSC Code DBSS0IN0835 of Development Bank Of Singapore for the Kemps Corner, Mumbai Branch branch has these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are trying to find the IFSC Code DBSS0IN0835 of Development Bank Of Singapore for its Kemps Corner, Mumbai Branch branch located in Mumbai, 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 Mumbai and Mumbai, 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 Kemps Corner, Mumbai Branch or Mumbai to get the exact IFSC Code DBSS0IN0835.

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 Mumbai that will provide accurate information.

How to Use IFSC Code DBSS0IN0835 for Online Transfers?

Once you have the IFSC Code DBSS0IN0835 for the Kemps Corner, Mumbai Branch branch of Development Bank Of Singapore in Mumbai, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0835. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Development Bank Of Singapore IFSC Code DBSS0IN0835.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Development Bank Of Singapore Kemps Corner, Mumbai Branch in Mumbai, it can 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 Kemps Corner, Mumbai Branch, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Mumbai to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Kemps Corner, Mumbai Branch, Mumbai?

The IFSC Code is DBSS0IN0835.

Is the IFSC Code DBSS0IN0835 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Development Bank Of Singapore Kemps Corner, Mumbai Branch?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Kemps Corner, Mumbai Branch branch?

The address of the branch is Ground Floor, Central Shore, Part 2 13 Ns Patkar Marg Cs No 2/551, Malabar Hill Division, Mumbai 400007 located in Mumbai, Mumbai, Maharashtra.

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.

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