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 Vadodara branch in Vadodara, Vadodara, Gujarat, 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 Vadodara or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code DBSS0IN0861. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Development Bank Of Singapore, Vadodara, Vadodara
Here are the main details that are associated with the IFSC Code DBSS0IN0861 of Development Bank Of Singapore for its branch located in Vadodara, within the district of Vadodara in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Development Bank Of Singapore |
| IFSC Code | DBSS0IN0861 |
| Branch | Vadodara |
| City | Vadodara |
| District | Vadodara |
| State | Gujarat |
| Address | Shop No. 3, 4 And Part Of 5, Ground Floor , Riddhi Complex, Old Padra Road, Vadodara Pin Code 390015 |
These details help users in online banking and for businesses and individuals who use Development Bank Of Singapore in Vadodara for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DBSS0IN0861 for the Vadodara 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 that is provided by the Reserve Bank of India. A unique IFSC like DBSS0IN0861 is given to every bank branch, including Development Bank Of Singapore located in Vadodara, Vadodara, Gujarat, 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 Vadodara.
- 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 Vadodara and Vadodara.
- 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 Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Development Bank Of Singapore in Vadodara doesn't end up at another location.
Format of the IFSC Code DBSS0IN0861
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 Vadodara in Vadodara.
For example, the IFSC Code DBSS0IN0861 of Development Bank Of Singapore for the Vadodara branch has these elements, identifying the bank and the branch location in Vadodara and Gujarat correctly.
How to Find IFSC Code for Development Bank Of Singapore?
To find the IFSC Code DBSS0IN0861 of Development Bank Of Singapore for its Vadodara branch located in Vadodara, 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 Vadodara and Vadodara, 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 Vadodara or Vadodara to find the exact IFSC Code DBSS0IN0861.
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 Vadodara will provide accurate information.
How to Use IFSC Code DBSS0IN0861 for Online Transfers?
Once you have the IFSC Code DBSS0IN0861 for the Vadodara branch of Development Bank Of Singapore in Vadodara, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code DBSS0IN0861. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Development Bank Of Singapore IFSC Code DBSS0IN0861.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Development Bank Of Singapore Vadodara in Vadodara, it can 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 Vadodara, 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 Vadodara manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is DBSS0IN0861.
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 Shop No. 3, 4 And Part Of 5, Ground Floor , Riddhi Complex, Old Padra Road, Vadodara Pin Code 390015 located in Vadodara, Vadodara, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.