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 Miryalguda branch in Nalgonda, Miryalguda, Andhra Pradesh, 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 Nalgonda or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code DBSS0IN0464. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Development Bank Of Singapore, Miryalguda, Nalgonda
Below in the table are the key details related to IFSC Code DBSS0IN0464 of Development Bank Of Singapore for its branch located in Nalgonda, within the district of Miryalguda in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0464 |
| Branch | Miryalguda |
| City | Nalgonda |
| District | Miryalguda |
| State | Andhra Pradesh |
| Address | Sagar Road Shop No.105,Blue Whale Palace Miryalgudamiryalguda508207Ts |
These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Nalgonda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0464 for the Miryalguda 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 Miryalguda, Nalgonda, Andhra Pradesh, are allotted a unique IFSC like DBSS0IN0464 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nalgonda.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Nalgonda and Miryalguda.
- 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 Miryalguda reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code DBSS0IN0464
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): Show the bank code. For Development Bank Of Singapore, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Miryalguda in Nalgonda.
For example, the IFSC Code DBSS0IN0464 of Development Bank Of Singapore for the Miryalguda branch includes these elements, identifying the bank and the branch location in Nalgonda and Andhra Pradesh accurately.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0464 of Development Bank Of Singapore for its Miryalguda branch located in Nalgonda, 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 Nalgonda and Miryalguda, 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 Miryalguda or Nalgonda to get the exact IFSC Code DBSS0IN0464.
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 Nalgonda that will provide accurate information.
How to Use IFSC Code DBSS0IN0464 for Online Transfers?
Once you have the IFSC Code DBSS0IN0464 for the Miryalguda branch of Development Bank Of Singapore in Nalgonda, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0464. 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 DBSS0IN0464.
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 Miryalguda in Nalgonda, 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 Miryalguda, 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 Nalgonda to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0464.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Sagar Road Shop No.105,Blue Whale Palace Miryalgudamiryalguda508207Ts located in Nalgonda, Miryalguda, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.