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 Jamshedpur branch in Purbi Singhbhum, Jamshedpur, or Jharkhand, 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 Purbi Singhbhum or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code DBSS0IN0338. 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, Jamshedpur, Purbi Singhbhum
Below in the table are the key details related to IFSC Code DBSS0IN0338 of Development Bank Of Singapore for its branch located in Purbi Singhbhum, within the district of Jamshedpur in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0338 |
| Branch | Jamshedpur |
| City | Purbi Singhbhum |
| District | Jamshedpur |
| State | Jharkhand |
| Address | Sakchi,G-I,Elevated Ground Floor,Sulatmala Complex,Jamshedpurjamshedpur831001Jh |
These details are essential not only for online banking users but also for businesses and individuals who use Development Bank Of Singapore in Purbi Singhbhum for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0338 for the Jamshedpur branch of Development Bank Of Singapore plays an 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 Jamshedpur, Purbi Singhbhum, Jharkhand, is provided with a unique IFSC like DBSS0IN0338 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 Purbi Singhbhum.
- 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 Purbi Singhbhum and Jamshedpur.
- 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Jamshedpur do not get mixed with another location.
Format of the IFSC Code DBSS0IN0338
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 Jamshedpur in Purbi Singhbhum.
For example, the IFSC Code DBSS0IN0338 of Development Bank Of Singapore for the Jamshedpur branch includes these elements, identifying the bank and the branch location in Purbi Singhbhum and Jharkhand accurately.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0338 of Development Bank Of Singapore for its Jamshedpur branch located in Purbi Singhbhum, 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 Purbi Singhbhum and Jamshedpur, 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 Jamshedpur or Purbi Singhbhum to get the exact IFSC Code DBSS0IN0338.
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 Purbi Singhbhum, you'll get the correct details.
How to Use IFSC Code DBSS0IN0338 for Online Transfers?
Once you have the IFSC Code DBSS0IN0338 for the Jamshedpur branch of Development Bank Of Singapore in Purbi Singhbhum, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0338. Transfers are processed in batches. This is 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. Requires the recipient's account details and Development Bank Of Singapore IFSC Code DBSS0IN0338.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Development Bank Of Singapore Jamshedpur in Purbi Singhbhum may 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 Jamshedpur, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Purbi Singhbhum manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0338.
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 Sakchi,G-I,Elevated Ground Floor,Sulatmala Complex,Jamshedpurjamshedpur831001Jh located in Purbi Singhbhum, Jamshedpur, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.