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IFSC Code of Development Bank Of Singapore, Swarnapuri Branch, Salem, Salem, Tamil Nadu — DBSS0IN0660

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Development Bank Of Singapore for its Swarnapuri Branch, Salem branch in Salem, Salem, Tamil Nadu, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly 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 DBSS0IN0660. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Development Bank Of Singapore, Swarnapuri Branch, Salem, Salem

Below in the table are the key details related to IFSC Code DBSS0IN0660 of Development Bank Of Singapore for its branch located in Salem, within the district of Salem in the state of Tamil Nadu.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0660
Branch Swarnapuri Branch, Salem
City Salem
District Salem
State Tamil Nadu
Address Salem 636 004 D No.49-A,Advaitha Ashram Road,Salem ( M Corp.)636004Tn

These details helps 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 DBSS0IN0660 for the Swarnapuri Branch, Salem 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Development Bank Of Singapore located in Swarnapuri Branch, Salem, Salem, Tamil Nadu, is provided a unique IFSC like DBSS0IN0660 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Development Bank Of Singapore branch in Salem.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Salem and Salem.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Swarnapuri Branch, Salem do not get misguided to another person.

Format of the IFSC Code DBSS0IN0660

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 Swarnapuri Branch, Salem in Salem.

For example, the IFSC Code DBSS0IN0660 of Development Bank Of Singapore for the Swarnapuri Branch, Salem branch has these elements, identifying the bank and the branch location in Salem and Tamil Nadu correctly.

How to Find IFSC Code for Development Bank Of Singapore?

To find the IFSC Code DBSS0IN0660 of Development Bank Of Singapore for its Swarnapuri Branch, Salem branch located in Salem, the following methods can help you out:

Cheque Book

The cheque book issued by Development Bank Of Singapore includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Development Bank Of Singapore branches in Salem and Salem, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Development Bank Of Singapore and go to the branch locator section. Then search for Swarnapuri Branch, Salem or Salem to find the exact IFSC Code DBSS0IN0660.

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 maintains an updated database of all IFSC codes. Searching for Development Bank Of Singapore and Salem will provide accurate information.

How to Use IFSC Code DBSS0IN0660 for Online Transfers?

Once you have the IFSC Code DBSS0IN0660 for the Swarnapuri Branch, Salem 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 DBSS0IN0660. The transfer is completed in batches instead of instantly. It is useful for both 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 DBSS0IN0660.

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 Swarnapuri Branch, Salem in Salem, your payment can get delayed or might not go through at all.

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 Swarnapuri Branch, Salem, 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 Salem manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Swarnapuri Branch, Salem, Salem?

The IFSC Code is DBSS0IN0660.

Is the IFSC Code DBSS0IN0660 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

Where can I find the IFSC Code of Development Bank Of Singapore Swarnapuri Branch, Salem?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Swarnapuri Branch, Salem branch?

The address of the branch is Salem 636 004 D No.49-A,Advaitha Ashram Road,Salem ( M Corp.)636004Tn located in Salem, Salem, Tamil Nadu.

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.

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