DBS Bank IFSC code & MICR code

Finding the IFSC or MICR code of DBS Bank branches are simple. You can find them printed on the cheque leaves of cheque books issued by the branch of DBS Bank that you are looking for. These codes can be easily found online too. The complete list of IFSC codes of all branches of Indian banks are provided by the government for the use of citizens. If you look at the official website of DBS Bank you will find the IFSC codes of all its branches as well. Otherwise, you can find the required codes on third party financial websites like BankBazaar.

You can find the IFSC code and MICR code of all the banks in the NEFT/RTGS network on the BankBazaar website. All you have to do is go to the website's main page, scroll down and click on the 'Bank IFSC page' tab. A second page will appear with a few drop down menus which asks you to specify the name of the bank that you're looking for, the district and state it is located and the branch of the bank that you need. You will have to pick 'DBS Bank', and the other appropriate options such as the branch of DBS Bank. Once you have picked from the options in the drop down menus, the website will generate the IFSC and MICR code for the bank branch that you need. Other details of the bank like the contact details of the bank, the address etc. will also be provided to you at this stage.

How to Transfer Money using DBS Bank NEFT and RTGS?

DBS Bank provides customers with the option of using NEFT and RTGS facilities to transfer funds to any account in banks which are NEFT/RTGS enabled.

National Electronic Funds Transfer (NEFT):

When money is transferred using NEFT (National Electronic Funds Transfers) facility, it is done on Deferred Net Settlements. This means that funds are transferred in groups. If the request for transfer reaches the bank before the time-frame stipulated by the bank each day, the amount will be transferred to the beneficiary on the same day. If you don't manage to do so, the amount will be transferred the next working day.

The following information is needed to use NEFT service at DBS Bank:

1. The name of the receiver
2. The IFSC code of the receiver's bank branch
3. The name of the receiver's bank and branch
4. The receiver's account number
5. The amount to be transferred

The charges for outward NEFT transactions are:

Inward NEFT will not be charged. Outward NEFT Returns is also free of charge.

Real Time Gross Settlement System (RTGS):

Real Time Gross Settlement System (RTGS) is one of the quickest methods for transferring large sums of money. RTGS is used when the sum to be transferred is above Rs. 2 lacs. There is no upper limit to the amount. RTGS service is faster because the transfers are done on an individual basis. In other words, the clearance of funds are not done batch-wise (as it is in NEFT), but is scheduled individually. This means that the transfer of money will happen as soon as the request reaches the bank. However, this should be within the time-frame stipulated by the bank, otherwise the transaction will happen only on the following working day.

You will need the following information to use RTGS service at DBS Bank:

1. The receiver's name
2. The receiver's bank and branch name
3. IFSC Code of the receiver's bank
4. The transfer amount
5. The receiver's account number
6. A remark for the receiver, if any

The charges for RTGS transactions at DBS Bank:

About DBS Bank:

DBS Bank Ltd was founded in 1968 by the Government of Singapore. The bank was set up as an effort by the government of Singapore to relieve the Economic Development Board of their activities of industrial financing. The bank was named The Development Bank of Singapore Limited, before it was changed in July 2003.

Not only is DBS Bank one of the larger banks in the whole of Asia, it is also the largest bank in South East Asia in terms of assets. This multinational banking company provides financial services/products like treasury and markets, securities brokerage, debit/credit cards, asset management etc.

The bank's presence is in many countries across the globe. DBS has branches and offices in India, Thailand, Japan, Taiwan, Vietnam, Malaysia, United Kingdom, China, United States, Dubai, Hong Kong, Indonesia, South Korea, Myanmar and Philippines. In India, DBS's commercial capital is in Mumbai. There are also 12 branches across the country including in Salem, Chennai, Nashik, Moradabad, Surat, Bangalore, Kolhapur, Cuddalore, Kolkata, New Delhi and Pune.