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 Jalakandapuram branch in Salem, Jalakantapuram, Tamil Nadu, 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 Salem or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code DBSS0IN0336. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Development Bank Of Singapore, Jalakandapuram, Salem
Here are the key points that are associated with the IFSC Code DBSS0IN0336 of Development Bank Of Singapore for its branch located in Salem, within the district of Jalakantapuram in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0336 |
| Branch | Jalakandapuram |
| City | Salem |
| District | Jalakantapuram |
| State | Tamil Nadu |
| Address | Jalakantapuram,636501 58,P.B.No.3,Vandimedu,Jalakandapuram ( Tp)636501Tn |
These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in Salem for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0336 for the Jalakandapuram 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 Jalakandapuram, Salem, Tamil Nadu, is provided with a unique IFSC like DBSS0IN0336 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 Salem.
- 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 Salem and Jalakantapuram.
- 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 Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Jalakandapuram do not get mixed with another location.
Format of the IFSC Code DBSS0IN0336
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 Jalakandapuram in Salem.
For example, the IFSC Code DBSS0IN0336 of Development Bank Of Singapore for the Jalakandapuram branch includes these elements, identifying the bank and the branch location in Salem and Tamil Nadu accurately.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0336 of Development Bank Of Singapore for its Jalakandapuram branch located in Salem, 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 Salem and Jalakantapuram, 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 Jalakandapuram or Salem to get the exact IFSC Code DBSS0IN0336.
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 Salem, you'll get the correct details.
How to Use IFSC Code DBSS0IN0336 for Online Transfers?
Once you have the IFSC Code DBSS0IN0336 for the Jalakandapuram branch of Development Bank Of Singapore in Salem, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0336. 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 DBSS0IN0336.
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 Jalakandapuram in Salem, 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 Jalakandapuram, 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 Salem manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0336.
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 Jalakantapuram,636501 58,P.B.No.3,Vandimedu,Jalakandapuram ( Tp)636501Tn located in Salem, Jalakantapuram, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.