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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Development Bank Of Singapore for its Ashok Vihar Dl branch in New Dl, Dl, or Delhi, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Development Bank Of Singapore located in New Dl or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code DBSS0IN0138. 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, Ashok Vihar Dl, New Dl
The table below shows the main details of the IFSC Code DBSS0IN0138 for the Development Bank Of Singapore branch in New Dl, which falls under the Dl district in Delhi.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0138 |
| Branch | Ashok Vihar Dl |
| City | New Dl |
| District | Dl |
| State | Delhi |
| Address | Phase -Ii C-3/118,Ashok Vihar,New Dlnorth-West Dl110052Nct Of Dl |
These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in New Dl for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0138 for the Ashok Vihar Dl 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 Ashok Vihar Dl, New Dl, Delhi, is provided with a unique IFSC like DBSS0IN0138 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 New Dl.
- 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 New Dl and Dl.
- 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 Delhi and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Ashok Vihar Dl do not get mixed with another location.
Format of the IFSC Code DBSS0IN0138
The format of the IFSC Code for banks, including Development Bank Of Singapore, has 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 Ashok Vihar Dl in New Dl.
For example, the IFSC Code DBSS0IN0138 of Development Bank Of Singapore for the Ashok Vihar Dl branch includes these elements, identifying the bank and the branch location in New Dl and Delhi correctly.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0138 of Development Bank Of Singapore for its Ashok Vihar Dl branch located in New Dl, the following methods can help:
Cheque Book
The cheque book issued by Development Bank Of Singapore includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Development Bank Of Singapore branches in New Dl and Dl, print them on the first page of your passbook.
Bank Website
Visit the official website of Development Bank Of Singapore and navigate to the branch locator section. Search for Ashok Vihar Dl or New Dl to get the exact IFSC Code DBSS0IN0138.
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 keeps an updated list of all IFSC codes. If you search for Development Bank Of Singapore and New Dl, you'll get the correct details.
How to Use IFSC Code DBSS0IN0138 for Online Transfers?
Once you have the IFSC Code DBSS0IN0138 for the Ashok Vihar Dl branch of Development Bank Of Singapore in New Dl, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0138. 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 DBSS0IN0138.
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 Ashok Vihar Dl in New Dl, 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 Ashok Vihar Dl, 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 New Dl to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0138.
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 Phase -Ii C-3/118,Ashok Vihar,New Dlnorth-West Dl110052Nct Of Dl located in New Dl, Dl, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.