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 Tumkur branch in Tumkur, Tumkur, Karnataka, 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 Tumkur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code DBSS0IN0757. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Development Bank Of Singapore, Tumkur, Tumkur
Here are the main details that are associated with the IFSC Code DBSS0IN0757 of Development Bank Of Singapore for its branch located in Tumkur, within the district of Tumkur in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0757 |
| Branch | Tumkur |
| City | Tumkur |
| District | Tumkur |
| State | Karnataka |
| Address | Ashok Nagar,B.H.Road,Balaji Towers,Khatha No.2978/166,Next To Tgm Tumkurtumkur572103Ka |
These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in Tumkur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0757 for the Tumkur 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 Tumkur, Tumkur, Karnataka, is provided with a unique IFSC like DBSS0IN0757 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 Tumkur.
- 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 Tumkur and Tumkur.
- 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Tumkur do not get mixed with another location.
Format of the IFSC Code DBSS0IN0757
The format of the IFSC Code for banks, including Development Bank Of Singapore, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Development Bank Of Singapore, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Tumkur in Tumkur.
For example, the IFSC Code DBSS0IN0757 of Development Bank Of Singapore for the Tumkur branch includes these elements, identifying the bank and the branch location in Tumkur and Karnataka accurately.
How to Find IFSC Code for Development Bank Of Singapore?
If you are trying to find the IFSC Code DBSS0IN0757 of Development Bank Of Singapore for its Tumkur branch located in Tumkur, the following methods can help:
Cheque Book
The cheque books that are issued by Development Bank Of Singapore include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Development Bank Of Singapore branches in Tumkur and Tumkur, 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 find the branch locator section. Search for Tumkur or Tumkur to get the exact IFSC Code DBSS0IN0757.
Mobile Banking App
If you use Development Bank Of Singapore's mobile app, you can easily 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 to help you in searching for Development Bank Of Singapore and Tumkur that will provide accurate information.
How to Use IFSC Code DBSS0IN0757 for Online Transfers?
Once you have the IFSC Code DBSS0IN0757 for the Tumkur branch of Development Bank Of Singapore in Tumkur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code DBSS0IN0757. 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 DBSS0IN0757.
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 Tumkur in Tumkur, 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 Tumkur, 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 Tumkur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0757.
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 Ashok Nagar,B.H.Road,Balaji Towers,Khatha No.2978/166,Next To Tgm Tumkurtumkur572103Ka located in Tumkur, Tumkur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.