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 Srikakulam branch in Rkkl, Srikakulam, 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 Rkkl or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code DBSS0IN0690. 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, Srikakulam, Rkkl

Here are some of the key details that come with the IFSC Code DBSS0IN0690 of Development Bank Of Singapore for its branch located in Rkkl, within the district of Srikakulam in the state of Andhra Pradesh.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0690
Branch Srikakulam
City Rkkl
District Srikakulam
State Andhra Pradesh
Address One Way Traffic Road,D.No.2-25-45,Konna Street,Near Madhava Motorssrikakulam532001Ap

These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Rkkl for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0690 for the Srikakulam 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 that is provided by the Reserve Bank of India. A unique IFSC like DBSS0IN0690 is given to every bank branch, including Development Bank Of Singapore located in Srikakulam, Rkkl, Andhra Pradesh, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Development Bank Of Singapore branch in Rkkl.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Rkkl and Srikakulam.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Andhra Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Srikakulam doesn't end up at another location.

Format of the IFSC Code DBSS0IN0690

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 Srikakulam in Rkkl.

For example, the IFSC Code DBSS0IN0690 of Development Bank Of Singapore for the Srikakulam branch includes these elements, identifying the bank and the branch location in Rkkl and Andhra Pradesh correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are trying to find the IFSC Code DBSS0IN0690 of Development Bank Of Singapore for its Srikakulam branch located in Rkkl, 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 Rkkl and Srikakulam, 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 Srikakulam or Rkkl to get the exact IFSC Code DBSS0IN0690.

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 Rkkl, you'll get the correct details.

How to Use IFSC Code DBSS0IN0690 for Online Transfers?

If you have the IFSC Code DBSS0IN0690 for the Srikakulam branch of Development Bank Of Singapore in Rkkl, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0690. 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 DBSS0IN0690.

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 Srikakulam in Rkkl, it 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 Srikakulam, 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 Rkkl to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Srikakulam, Rkkl?

The IFSC Code is DBSS0IN0690.

Is the IFSC Code DBSS0IN0690 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Development Bank Of Singapore Srikakulam?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Srikakulam branch?

The address of the branch is One Way Traffic Road,D.No.2-25-45,Konna Street,Near Madhava Motorssrikakulam532001Ap located in Rkkl, Srikakulam, Andhra Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.