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Dbs Bank IFSC Code and MICR Code:

Dbs Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Dbs Bank IFSC Code

About DBS Bank Ltd

DBS Bank Ltd was founded in 1968 that is nearly 47 years ago. Its headquarter is located in Singapore. Its key people are Peter Seah Lim Huat who holds the position of Chairman and Piyush Gupta holds the post of CEO. It deals with products such as different types of financial Services in an exclusive manner. It is a Singaporean bank which is previously known in the open market as The Development Bank of Singapore Limited. Its present name was wholeheartedly adopted in July 2003 in order to reflect its major changing role as a successful regional bank in the open market.


DBS Bank was established by the Government of Singapore in order to immediately take over the industrial financing activities and its related affairs from the Economic Development Board. In the present scenario, it has more than 100 branches in this island nation. It is one of the largest banks by assets in South East Asia. In Asia, it ranks among the larger banks. It is to be remembered that it has market-dominant positions in treasury and markets, consumer banking, asset management, equity and debt fund-raising and securities brokerage in Hong Kong and Singapore. In 17 markets, with its operations in a successful manner, this bank has over 1,100 ATMs spread across 50 cities and a regional network spanning more than 250 branches.


DBS Bank IFSC Code and MIRC code

DBS Bank IFSC Code is the significant element for largely making online transactions in a successful manner. You should have the IFSC Code in order to perfectly do any NEFT, RTGS or IMPS fund transfer through online. These particular codes are properly maintained plus managed by the Reserve Bank of India. It is to be noted that only those branches of the bank that having approved online banking services are supported with an IFSC Code.


It is to be remembered that IFSC Code for DBS Bank is a unique, 11-character which is the combination of alphabets plus numbers. The initial four characters of the said code actually represent the bank name (DBSS*******), then the fifth character is remains usually zero (DBSS0******), and the last six characters represents as branch identifiers. The code allotted by the RBI is really unique for each and every bank branch. On the other hand, it is subject to change for security reasons only. MIRC code is printed on the cheque leaf that is provided to the banks customers.


How to Search State Bank of Hyderabad IFSC and MICR Codes?

It is quite easy to finding the IFSC Code and MIRC code for DBS Bank which can be used for transferring funds online.
• All it just takes is few keying in the first few characters of the bank name, your state, your city and locality for getting the desired details and information.
• You can also use the drop down menu for selecting the name of the bank, state, city/district and area to get the branch address, its contact numbers and the IFSC, NEFT, RTGS and MICR codes online.
• With most up to date IFSC information at hand, you can easily transfer funds from one account to the other online with lot of perfection.


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Dbs Bank IFSC Code News:

1st April, 2017 Goods and Services Tax “appears challenging”


Radhika Rao, an Indian economist and Vice president said that in the second half of fiscal 2017-2018, Singapore-headquartered DBS Bank expects full roll out of Goods and Services Tax (GST) system in India. The deadline, April 1, 2017 seems quite challenging to us. Constitution amendment Bill must be passed by half of the state assemblies. After the Rajya Sabha nod to the Bill, Rao said that the state government also has to pass the State GST bills.

Rao described the passage of bill as positive development and simultaneously said a short term negative effect will be there, particularly on inflation as a result of GST implementation but this bitter medicine is necessary. If any economy takes up GST in the first year of implementation, then that indicates inflation has raised.

Rao also said that before deciding on any revision of GDP growth forecast for the year 2017-18 for India, she would wait for clarity. DBS Bank had projected GDP growth rate of 7.9 percent for 2017-18 in March this year. The India GDP growth for 2016-17 at 7.8 per cent was also pegged by DBS Bank.

The Reserve Bank of India is expected by DBS Bank is called to keep policy rates unchanged at the upcoming monetary policy review on August 9. She also saw that the July Consumer Price Index , that is to be released in August comes close to 6%.

2016/08/08 08:40 AM

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