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 Marichetlapalem branch in Prakasam, Bhudawada Mandal, Andhra Pradesh, 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 Prakasam or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code DBSS0IN0419. 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, Marichetlapalem, Prakasam
Below in the table are the key details related to IFSC Code DBSS0IN0419 of Development Bank Of Singapore for its branch located in Prakasam, within the district of Bhudawada Mandal in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0419 |
| Branch | Marichetlapalem |
| City | Prakasam |
| District | Bhudawada Mandal |
| State | Andhra Pradesh |
| Address | Kurnool Road,Marrichetlapalem,S.No.192/1,Kondaveti Complex,Chimakurthy Mandalpin523253Ap |
These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in Prakasam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0419 for the Marichetlapalem 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, along with Development Bank Of Singapore located in Marichetlapalem, Prakasam, Andhra Pradesh, are allotted a unique IFSC like DBSS0IN0419 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Prakasam.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Prakasam and Bhudawada Mandal.
- 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 Marichetlapalem reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code DBSS0IN0419
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 Marichetlapalem in Prakasam.
For example, the IFSC Code DBSS0IN0419 of Development Bank Of Singapore for the Marichetlapalem branch has these elements, identifying the bank and the branch location in Prakasam and Andhra Pradesh correctly.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0419 of Development Bank Of Singapore for its Marichetlapalem branch located in Prakasam, 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
Most banks, including Development Bank Of Singapore branches in Prakasam and Bhudawada Mandal, print the IFSC and MICR codes 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 Marichetlapalem or Prakasam to get the exact IFSC Code DBSS0IN0419.
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 Prakasam, you'll get the correct details.
How to Use IFSC Code DBSS0IN0419 for Online Transfers?
If you have the IFSC Code DBSS0IN0419 for the Marichetlapalem branch of Development Bank Of Singapore in Prakasam, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0419. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Development Bank Of Singapore IFSC Code DBSS0IN0419.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Development Bank Of Singapore Marichetlapalem in Prakasam, it may result in delayed or failed transactions.
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 Marichetlapalem, 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 Prakasam manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0419.
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 Kurnool Road,Marrichetlapalem,S.No.192/1,Kondaveti Complex,Chimakurthy Mandalpin523253Ap located in Prakasam, Bhudawada Mandal, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.