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At a Glance

Over the years, the way we bank has changed drastically. One such aspect of banking is money transfer. Electronic payment systems like the National Electronic Fund Transfer (NEFT), Real-time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) have made fund transfers a breeze. To make such transfers, you need an IFSC Code.

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IFSC Code and its importance in Fund Transfer

The Indian Financial System Code (IFSC) is an 11-digit alphanumeric code used for online means of fund transfers. The Reserve Bank of India (RBI) assigns an IFSC code to branch each bank. It assigns a unique alphanumeric code to each bank branch to recognize the bank branches and direct the transfer of funds without any errors.

You need the IFSC code while conducting fund transfers electronically through facilities like National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). The format of a typical IFSC code is as follows:

  • The first 5 characters indicate the bank code
  • The 5th character is a zero
  • The last 6 characters indicate the branch code

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MICR Code

The Magnetic Ink Character Recognition (MICR) code is a 9-digit numeric code that acts as an identifier for Electronic Clearing Services (ECS). You can find the MICR code on the cheque leaf issued by the bank. The format for MICR is as under:

  • The first 3 digits denote the pin code of the city
  • The following 3 digits indicate the code of the bank
  • The last 3 digits indicate the code of the branch

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digibank by DBS IFSC Code and MICR Code for Popular Cities

City / Branch Name

IFSC Code

MICR Code

Branch Code

Mumbai / Fort

DBSS0IN0811

400641002

IN0811

New Delhi / Barakhamba Road

DBSS0IN0820

110641002

IN0820

Chennai / Anna Salai

DBSS0IN0826

600641002

IN0826

Bangalore / Ulsoor Road

DBSS0IN0827

560641002

IN0827

Kolkata / Nandalal Basu Sarani

DBSS0IN0828

700641002

IN0828

Pune / Elbee House

DBSS0IN0830

411641002

IN0830

Nasik / Howson Road

DBSS0IN0829

422641002

IN0829

Surat / Bhatpore Hazira

DBSS0IN0831

395641002

IN0831

Salem / Yercaud Road

DBSS0IN0832

636641002

IN0832

Moradabad / Delhi Road

DBSS0IN0833

244641002

IN0833

Kolhapure / Gandhinagar Main Road

DBSS0IN0851

416641002

IN0851

Cuddalore / East Coast Road

DBSS0IN0852

605641002

IN0852

Click here to find digibank by DBS branch contact numbers and ATMs. You can also call the bank to find the IFSC code.

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Frequently Asked Questions

IFSC code is an 11-digit alphanumeric code that allows bank-to-bank fund transfers via NEFT, RTGS or IMPS, while MICR is a 9-digit code that facilitates cheque clearances. IFSC code indicates the bank and branch code. On the other hand, MICR code denotes the bank’s pin code, bank code and branch code. IFSC code is used nationwide, but MICR is used universally.


Type

NEFT

RTGS

IMPS

Full form

National Electronic Fund Transfer

Real-time Gross Settlement

Immediate Payment System

Settlement

Half hourly

Real-time

Real-time

Minimum Amount

No lower limit

INR 2 Lakh

No lower limit

Maximum Amount

No upper limit

No upper limit

INR 5 Lakh

Availability

24 x 7 x 365

24 x 7 x 365

24 x 7 x 365


Download the digibank by DBS app from your phone’s app store or scan the QR code from the digibank by DBS website. Activate your account by completing the KYC. Add your beneficiary details, i.e., the bank name and branch, bank account number, IFSC Code, etc. Select your preferred fund transfer method from IMPS, NEFT and RTGS, enter the transfer amount and initiate the transfer.

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