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 Mayiladuthurai branch in Nagapattinam, Mayuram, Tamil Nadu, 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 Nagapattinam or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code DBSS0IN0456. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Development Bank Of Singapore, Mayiladuthurai, Nagapattinam

Here are the key points that are associated with the IFSC Code DBSS0IN0456 of Development Bank Of Singapore for its branch located in Nagapattinam, within the district of Mayuram in the state of Tamil Nadu.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0456
Branch Mayiladuthurai
City Nagapattinam
District Mayuram
State Tamil Nadu
Address No.2 Road,No.123-124,Gandhi Road Mayiladuthuraimayiladuthurai ( M)609001Tn

These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Nagapattinam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0456 for the Mayiladuthurai 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 provided by the Reserve Bank of India. Every bank branch, along with Development Bank Of Singapore located in Mayiladuthurai, Nagapattinam, Tamil Nadu, are given a unique IFSC like DBSS0IN0456 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Nagapattinam.
  • 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 Nagapattinam and Mayuram.
  • 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 Mayiladuthurai goes to the correct branch. This is important because Development Bank Of Singapore has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code DBSS0IN0456

This is the format of the IFSC Code for banks, including Development Bank Of Singapore, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Development Bank Of Singapore, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mayiladuthurai in Nagapattinam.

For example, the IFSC Code DBSS0IN0456 of Development Bank Of Singapore for the Mayiladuthurai branch includes these elements, identifying the bank and the branch location in Nagapattinam and Tamil Nadu accurately.

How to Find IFSC Code for Development Bank Of Singapore?

To find the IFSC Code DBSS0IN0456 of Development Bank Of Singapore for its Mayiladuthurai branch located in Nagapattinam, 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 Nagapattinam and Mayuram, 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 Mayiladuthurai or Nagapattinam to find the exact IFSC Code DBSS0IN0456.

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 Nagapattinam will provide accurate information.

How to Use IFSC Code DBSS0IN0456 for Online Transfers?

Once you have the IFSC Code DBSS0IN0456 for the Mayiladuthurai branch of Development Bank Of Singapore in Nagapattinam, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0456. 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 DBSS0IN0456.

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 Mayiladuthurai in Nagapattinam, your payment can get delayed or might not go through at all.

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 Mayiladuthurai, 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 Nagapattinam 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 Mayiladuthurai, Nagapattinam?

The IFSC Code is DBSS0IN0456.

Is the IFSC Code DBSS0IN0456 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

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

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

What is the full address of the Mayiladuthurai branch?

The address of the branch is No.2 Road,No.123-124,Gandhi Road Mayiladuthuraimayiladuthurai ( M)609001Tn located in Nagapattinam, Mayuram, Tamil Nadu.

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.