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 Raipur branch in Raipur, Raipur, Chhattisgarh, 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 Raipur or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code DBSS0IN0876. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Development Bank Of Singapore, Raipur, Raipur
The table below shows the main details of the IFSC Code DBSS0IN0876 for the Development Bank Of Singapore branch in Raipur, which falls under the Raipur district in Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0876 |
| Branch | Raipur |
| City | Raipur |
| District | Raipur |
| State | Chhattisgarh |
| Address | Dbs Bank India Ltd. Raipur Branch, Ground Floor, Mamta Business Park,Beside Arogya Hospital, Kh. No. 20/19, Sheet No 21, Plot No.3, Shankar Nagar, Raipur, 492007 |
These details are important not only for users using online banking but also for businesses and individuals who use Development Bank Of Singapore in Raipur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code DBSS0IN0876 for the Raipur branch of Development Bank Of Singapore is vital.
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 Raipur, Raipur, Chhattisgarh, are allotted a unique IFSC like DBSS0IN0876 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Raipur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Raipur and Raipur.
- 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 Raipur reaches the right place, even though there are thousands of branches in Chhattisgarh and across India.
Format of the IFSC Code DBSS0IN0876
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 Raipur in Raipur.
For example, the IFSC Code DBSS0IN0876 of Development Bank Of Singapore for the Raipur branch includes these elements, identifying the bank and the branch location in Raipur and Chhattisgarh accurately.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0876 of Development Bank Of Singapore for its Raipur branch located in Raipur, 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 Raipur and Raipur, 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 Raipur or Raipur to get the exact IFSC Code DBSS0IN0876.
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 Raipur, you'll get the correct details.
How to Use IFSC Code DBSS0IN0876 for Online Transfers?
If you have the IFSC Code DBSS0IN0876 for the Raipur branch of Development Bank Of Singapore in Raipur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0876. 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 DBSS0IN0876.
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 Raipur in Raipur, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Development Bank Of Singapore in Raipur, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Development Bank Of Singapore website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Raipur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0876.
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 Dbs Bank India Ltd. Raipur Branch, Ground Floor, Mamta Business Park,Beside Arogya Hospital, Kh. No. 20/19, Sheet No 21, Plot No.3, Shankar Nagar, Raipur, 492007 located in Raipur, Raipur, Chhattisgarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.