Below are the complete branch details for DBS Bank India Limited, HOSPET branch, located in HOSPET, KARNATAKA. The IFSC assigned by the Reserve Bank of India to this branch is DBSS0IN0298. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case DBSS0IN0298 for DBS Bank India Limited – HOSPET — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For DBS Bank India Limited's HOSPET branch, the IFSC DBSS0IN0298 breaks down as follows: DBSS identifies the bank, 0 is the reserved character, and IN0298 identifies this particular branch.
Bank profile
DBS Bank India Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Hospet branch — IFSC DBSS0IN0298 — extends the bank's services to customers in and around Hospet, Karnataka.
About the Hospet branch
The Hospet branch of DBS Bank India Limited is situated at NEAR SHANBAG CIRCLE SHARADA COMPLEX,FIRST FLOOR,489& 495,PATEL NAGAR HOSPETBELLARY583201KA. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code DBSS0IN0298 is used.
Branch details at a glance
| Bank Name | DBS Bank India Limited |
|---|---|
| Branch | Hospet |
| IFSC Code | DBSS0IN0298 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NEAR SHANBAG CIRCLE SHARADA COMPLEX,FIRST FLOOR,489& 495,PATEL NAGAR HOSPETBELLARY583201KA |
| City | Hospet |
| District | Bellary |
| State | Karnataka |
| STD Code | 8394 |
| Phone | 228885 |
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how DBS Bank India Limited's HOSPET branch came to be assigned the code DBSS0IN0298.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC DBSS0IN0298, money simply cannot be routed to the HOSPET branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Hospet branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC DBSS0IN0298 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC DBSS0IN0298
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC DBSS0IN0298 across all three.
NEFT to DBS Bank India Limited, HOSPET using IFSC DBSS0IN0298
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC DBSS0IN0298, and confirm that the system picks up DBS Bank India Limited – HOSPET. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC DBSS0IN0298
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to DBS Bank India Limited – HOSPET, ensure your bank's portal accepts IFSC DBSS0IN0298 while registering the beneficiary. RTGS is also available 24x7.
IMPS to DBS Bank India Limited HOSPET (IFSC DBSS0IN0298)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC DBSS0IN0298 in your mobile or internet banking app, and the money is credited to the HOSPET branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Hospet
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC DBSS0IN0298:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at HOSPET is still linked to IFSC DBSS0IN0298.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC DBSS0IN0298
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at DBS Bank India Limited – HOSPET is still mapped to IFSC DBSS0IN0298. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC DBSS0IN0298 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Hospet branch is mapped to IFSC DBSS0IN0298 on the RBI payments network. The branch generally supports the full retail product catalogue of DBS Bank India Limited, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains DBSS0IN0298.
Products and services
Customers walking into the Hospet branch can access most of DBS Bank India Limited's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC DBSS0IN0298
Online banking and IFSC DBSS0IN0298
DBS Bank India Limited customers can register for net banking and the bank's official mobile app once their account at the HOSPET branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC DBSS0IN0298 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
How to reach the Hospet branch
The branch is located at NEAR SHANBAG CIRCLE SHARADA COMPLEX,FIRST FLOOR,489& 495,PATEL NAGAR HOSPETBELLARY583201KA, which puts it inside Hospet, the broader Bellary district, and the state of Karnataka. To plan your visit:
- Open Google Maps on your phone and search for “DBS Bank India Limited Hospet branch” — the verified location pin for IFSC DBSS0IN0298 should appear at the top of the results.
- Confirm the branch is open by calling 8394-228885 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC DBSS0IN0298 and your account number.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to DBS Bank India Limited – HOSPET:
- The IFSC is exactly DBSS0IN0298 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills DBS Bank India Limited as the bank name and HOSPET as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Hospet branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC DBSS0IN0298, however, work 24x7.
Verifying IFSC DBSS0IN0298 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm DBSS0IN0298 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 8394-228885.
- Visiting the bank's official branch locator page.
Branch address & contact
DBS Bank India LimitedHospet Branch
NEAR SHANBAG CIRCLE SHARADA COMPLEX,FIRST FLOOR,489& 495,PATEL NAGAR HOSPETBELLARY583201KA
Hospet, Karnataka
Phone: 8394-228885
IFSC: DBSS0IN0298
Frequently asked questions
What is the phone number of DBS Bank India Limited Hospet branch?
You can reach the branch at 8394-228885 during regular banking hours.
What is the IFSC code of DBS Bank India Limited Hospet branch?
The IFSC code of DBS Bank India Limited, Hospet branch is DBSS0IN0298. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is DBS Bank India Limited Hospet branch located?
DBS Bank India Limited's Hospet branch is located at NEAR SHANBAG CIRCLE SHARADA COMPLEX,FIRST FLOOR,489& 495,PATEL NAGAR HOSPETBELLARY583201KA, Hospet, Karnataka.
Is IFSC DBSS0IN0298 the same for all accounts at Hospet branch?
Yes. The IFSC DBSS0IN0298 is shared by every account held at DBS Bank India Limited's Hospet branch. Only the account number changes from customer to customer.
Can I use IFSC DBSS0IN0298 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC DBSS0IN0298 to send funds instantly.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Hospet branch but serve different purposes.
Summary
The IFSC code DBSS0IN0298 belongs to DBS Bank India Limited's HOSPET branch, located at NEAR SHANBAG CIRCLE SHARADA COMPLEX,FIRST FLOOR,489& 495,PATEL NAGAR… in HOSPET, KARNATAKA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
