SendMoneyCompare — International Money Transfer Comparison

Name: SWIFT/BIC Codes for Banks in India
Creator: SendMoneyCompare
License: https://creativecommons.org/licenses/by-nc-sa/4.0/

Akif Hazarvi

SWIFT codes in India

IN · INR

Find the correct SWIFT/BIC code for banks in India. Use these codes when sending or receiving international wire transfers. A SWIFT code ensures your payment is routed to the correct bank and branch.

Banks

401

SWIFT codes

3

Branches

10

Currency

INR

Banks and SWIFT codes in India

K
KOTAK MAHINDRA BANK LIMITED

SWIFT/BIC	City	Branch	Address
`KKBKINB2XXX`	GANDHINAGAR	Head Office	FLOOR 10, HIRANANDANI SIGNATURE, BLOCK NO 13 NO. 13 GIFT SEZ, GIFT, CITY, ZONE - 1
`KKBKINBBNRI`	MUMBAI	NRI	BLD NO 21, OFF WESTERN EXPRESS, HIGHWAY GENERAL AK VAIDYA MARG, INFINITY PARK, MALAD
`KKBKINBBCUS`	MUMBAI	CUS	FLOOR 6, INFINITI BUILDING, INFINITY PARK, MALAD EAST
`KKBKINBBCPC`	MUMBAI	CPC	BLD NO 21, OFF WESTERN EXPRESS, HIGHWAY, GENERAL AK VAIDYA MARG, INFINITY PARK, MALAD
`KKBKINBBGFT`	GANDHINAGAR	GFT	GIFT CITY

I
INDIAN BANK

SWIFT/BIC	City	Branch	Address
`IDIBINBBBWR`	BHUBANESWAR	BWR	—
`IDIBINBBCBE`	COIMBATORE	CBE	COIMBATORE
`IDIBINBBCCK`	NEW DELHI	CCK	CHANDNI CHOWK, 309, MAIN ROAD
`IDIBINBBBFT`	MUMBAI	BFT	FORT
`IDIBINBBBLR`	VELLORE	BLR	T K M COMPLEX, 46-51, KATPADI ROAD

Frequently asked questions

What is a SWIFT code for India?

A SWIFT code (BIC) for India is an 8 or 11-character identifier used by Indian banks for international wire transfers. The country code portion is IN. For example, SBININBB is the SWIFT code for the State Bank of India. The structure is: 4 characters for the bank, 2 for country (IN), 2 for the city, and optionally 3 for the branch.

What are the SWIFT codes for major Indian banks?

Key Indian bank SWIFT codes include: State Bank of India (SBI) — SBININBB, HDFC Bank — HDFCINBB, ICICI Bank — ICICINBB, Axis Bank — AXISINBB, Punjab National Bank — PUNBINBB, Bank of Baroda — BARBINBB, and Kotak Mahindra Bank — ABORINBB. Always confirm the exact code with the recipient's bank, as branch-level SWIFT codes may differ.

How do I find the SWIFT code for my Indian bank?

You can find your Indian bank's SWIFT code on your bank statement, in your internet or mobile banking app, by visiting your branch, or by searching on this page. Note that the SWIFT code is different from the IFSC code — IFSC is for domestic transfers (NEFT, RTGS, IMPS) while SWIFT is for international transfers.

Do I need a SWIFT code or an IFSC code for international transfers to India?

For international transfers from outside India, the sender needs the recipient bank's SWIFT/BIC code plus the account number. The IFSC (Indian Financial System Code) is used for domestic transfers via NEFT, RTGS, and IMPS only. IFSC codes are not recognised by the SWIFT network. Some banks may ask for the IFSC as supplementary information to identify the branch internally.

How long does a SWIFT transfer to India take?

SWIFT transfers to India typically arrive within one to three business days. Transfers from the US, UK, and Middle East — major corridors for Indian remittances — usually settle within one to two business days. RBI compliance requirements, including purpose-of-payment declarations, can occasionally add processing time for larger or business-related transfers.

Are there fees for receiving a SWIFT transfer in India?

Indian banks typically charge an inbound remittance handling fee, often INR 100–500 per transaction. Intermediary bank charges along the SWIFT route can also reduce the final INR amount received. The receiving bank converts foreign currency to INR at their telegraphic transfer buying rate, which includes a margin over the mid-market rate. Providers using dedicated INR payout corridors often deliver more cost-effectively.

What is the RBI purpose code requirement for inbound transfers to India?

The Reserve Bank of India (RBI) requires a purpose-of-payment code on every inbound foreign remittance. Common codes include P0801 (family maintenance), S0305 (education fees), and P0107 (property purchase). The receiving bank assigns the code based on the payment reference. Incorrect or missing purpose codes can delay the credit — ensure the sender includes a clear description of the transfer's purpose.

Can I receive foreign currency directly in my Indian bank account?

Standard INR savings accounts cannot hold foreign currency — RBI regulations require conversion to INR at the bank's prevailing rate. However, resident Indians can open an RFC (Resident Foreign Currency) account to hold foreign currency received from abroad. NRIs (Non-Resident Indians) can use NRE or NRO accounts, which have different rules for foreign currency receipt and repatriation.

How SWIFT works in India

India uses IFSC (Indian Financial System Code) for domestic bank transfers through NEFT, RTGS, and IMPS, but these codes do not work for international payments. Inbound international transfers require the recipient bank's SWIFT/BIC code, and all such transactions are subject to Reserve Bank of India (RBI) compliance requirements including purpose-of-payment declarations.

Each Indian bank branch has both an IFSC code (for domestic transfers) and may be covered by a SWIFT code (for international transfers). The SWIFT code often points to the bank's central processing hub rather than the local branch, so confirm the correct one with the recipient.
RBI regulations require that the purpose of every inbound foreign remittance is declared. Common purpose codes include family maintenance, education fees, and business payments. Incorrect purpose codes can delay or block the credit to the beneficiary account.
For large remittances to India, intermediary bank charges can reduce the final INR amount. Sending via providers that use dedicated INR payout corridors rather than multi-hop SWIFT routing often results in faster settlement and lower total cost.