|Bank Name:||Dbs Bank India Limited|
|Branch Code:||0IN0431 (Last 6 Characters from IFSC Code)|
|Branch Address:||Near Valluvar Kottam Bus Stop, No.15 Velayudam Street, Nungambakkam, Chennaichennai ( M Corp.) 600035 Tn|
DBSS0IN0431 is the IFSC code of Dbs Bank India Limited, that is assigned by the Reserve Bank of India (RBI). This code helps the Indian financial system to transfer funds from bank account numbers in India and internationally like NEFT/RTGS/IMPS
The details above validate that the Dbs Bank India Limited has its operations in the Madras-nungambakkam, Tamil Nadu branch located at the Near Valluvar Kottam Bus Stop, No.15 Velayudam Street, Nungambakkam, Chennaichennai ( M Corp.) 600035 Tn. This confirms that if you plan on doing a financial transfer, you must be sure of the Dbs Bank India Limited IFSC code to ensure that the transfer happens without any hassles.
While all of us understand IFSC codes by now, let’s understand MICR code as well. This is termed as Magnetic Ink Character Recognition which is a character recognition technology that helps in processing cheques faster. Dbs Bank India Limited bank branch has a unique MICR code which helps RBI identify the Dbs Bank India Limited branch, and speed up the cheque clearing process.
While Dbs Bank India Limited IFSC is an 11 digit code, MICR is a 9 digit code, and the basic difference between these two codes is that IFSC code is used for Dbs Bank India Limited online transactions, while MICR is used for Dbs Bank India Limited offline transactions, like Cheque.
These two aspects are of great importance for Dbs Bank India Limited financial transaction in both Dbs Bank India Limited online transactions and Dbs Bank India Limited offline transactions, and you can choose the one that works well for you.
Uses of Madras-nungambakkam IFSC Code:
NEFT - National Electronic Fund Transfer. Enables you to electronically transfer funds from your bank account to any other account of the same bank or different bank.
RTGS - Real Time Gross Settlement. Transfer a minimum limit of Rs. 2 lakh.
IMPS - Immediate payment service. Bank account holder can transfer funds 24 x 7 365 days
Online Fund Transfer via NEFT, RTGS and IMPS.
The address associated with DBSS0IN0431 is Near Valluvar Kottam Bus Stop, No.15 Velayudam Street, Nungambakkam, Chennaichennai ( M Corp.) 600035 Tn Tamil Nadu