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 Vellore branch in Vellore, Vellore, 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 Vellore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code DBSS0IN0792. 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, Vellore, Vellore

Here are some of the key details that come with the IFSC Code DBSS0IN0792 of Development Bank Of Singapore for its branch located in Vellore, within the district of Vellore in the state of Tamil Nadu.

Particulars Details
Bank Development Bank Of Singapore
IFSC Code DBSS0IN0792
Branch Vellore
City Vellore
District Vellore
State Tamil Nadu
Address Vellore No.1/19,Katpadi Road Vellorevellore ( M.Corp)632004Tn

These details are important not only for users using online banking but also for businesses and individuals who use Development Bank Of Singapore in Vellore for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code DBSS0IN0792 for the Vellore branch of Development Bank Of Singapore is vital.

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 DBSS0IN0792 is given to every bank branch, including Development Bank Of Singapore located in Vellore, Vellore, 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 Vellore.
  • 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 Vellore and Vellore.
  • 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 Vellore doesn't end up at another location.

Format of the IFSC Code DBSS0IN0792

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 Vellore in Vellore.

For example, the IFSC Code DBSS0IN0792 of Development Bank Of Singapore for the Vellore branch has these elements, identifying the bank and the branch location in Vellore and Tamil Nadu correctly.

How to Find IFSC Code for Development Bank Of Singapore?

If you are looking for the IFSC Code DBSS0IN0792 of Development Bank Of Singapore for its Vellore branch located in Vellore, the following methods can help:

Cheque Book

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

Passbook

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

Bank Website

You can visit the official website of Development Bank Of Singapore and look for the branch locator section, then search for Vellore or Vellore to get the exact IFSC Code DBSS0IN0792.

Mobile Banking App

If you use Development Bank Of Singapore's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Development Bank Of Singapore and Vellore, then it will provide you proper information.

How to Use IFSC Code DBSS0IN0792 for Online Transfers?

Once you have the IFSC Code DBSS0IN0792 for the Vellore branch of Development Bank Of Singapore in Vellore, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DBSS0IN0792. 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 DBSS0IN0792.

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 Vellore in Vellore, 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 Vellore, 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 Vellore to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

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

The IFSC Code is DBSS0IN0792.

Is the IFSC Code DBSS0IN0792 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 Vellore?

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 Vellore branch?

The address of the branch is Vellore No.1/19,Katpadi Road Vellorevellore ( M.Corp)632004Tn located in Vellore, Vellore, 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.