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 Madukkur branch in Thanjavur, Madukkur, Tamil Nadu, 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 Thanjavur or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code DBSS0IN0457. 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, Madukkur, Thanjavur

Here are some of the key details that come with the IFSC Code DBSS0IN0457 of Development Bank Of Singapore for its branch located in Thanjavur, within the district of Madukkur in the state of Tamil Nadu.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0457
Branch Madukkur
City Thanjavur
District Madukkur
State Tamil Nadu
Address Madukkur No.12-A Mohamaddiyar Street Madukkurmadukkur ( Tp)614903Tn

These details helps users in online banking and for businesses and individuals who use Development Bank Of Singapore in Thanjavur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0457 for the Madukkur 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 DBSS0IN0457 is given to every bank branch, including Development Bank Of Singapore located in Madukkur, Thanjavur, Tamil Nadu, 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 Thanjavur.
  • 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 Thanjavur and Madukkur.
  • 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 Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Madukkur doesn't end up at another location.

Format of the IFSC Code DBSS0IN0457

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 Madukkur in Thanjavur.

For example, the IFSC Code DBSS0IN0457 of Development Bank Of Singapore for the Madukkur branch has these elements, identifying the bank and the branch location in Thanjavur and Tamil Nadu correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are trying to find the IFSC Code DBSS0IN0457 of Development Bank Of Singapore for its Madukkur branch located in Thanjavur, 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 Thanjavur and Madukkur, 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 Madukkur or Thanjavur to get the exact IFSC Code DBSS0IN0457.

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 Thanjavur, you'll get the correct details.

How to Use IFSC Code DBSS0IN0457 for Online Transfers?

Once you have the IFSC Code DBSS0IN0457 for the Madukkur branch of Development Bank Of Singapore in Thanjavur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0457. 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 DBSS0IN0457.

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 Madukkur in Thanjavur may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Development Bank Of Singapore in Madukkur, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Thanjavur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Development Bank Of Singapore in Madukkur, Thanjavur?

The IFSC Code is DBSS0IN0457.

Is the IFSC Code DBSS0IN0457 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

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

What is the full address of the Madukkur branch?

The address of the branch is Madukkur No.12-A Mohamaddiyar Street Madukkurmadukkur ( Tp)614903Tn located in Thanjavur, Madukkur, 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.