SWIFT/BIC code MGSIINB1XXX
MGSIINB1XXX belongs to Mgsi in Hyderabad, India.
Code details
| SWIFT/BIC code | MGSIINB1XXX |
|---|---|
| 8-character code | MGSIINB1 |
| Branch code | XXX |
| Bank | Mgsi |
| Branch | Head office |
| City | Hyderabad |
| Country | India |
The way the Mgsi SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MGSI Bank code
- 4 letters that identify the bank.
- IN Country code
- 2 letters for the country (ISO 3166).
- B1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank uses SWIFT code MGSIINB1XXX?
The code MGSIINB1XXX belongs to the headquarters of Mgsi in Hyderabad, India. It is the code to use when a payment to Mgsi does not need a specific branch.
Is MGSIINB1 and MGSIINB1XXX the same code?
Yes, they are. MGSIINB1 is the 8-character version of MGSIINB1XXX. XXX simply means head office, so either version will reach Mgsi in Hyderabad.
What do I need for a transfer to an account at Mgsi?
Have ready the SWIFT/BIC code MGSIINB1XXX, the account number or IBAN of the recipientand the name of the account holder. India uses international SWIFT transfers, so the BIC is required.
What do the letters in MGSIINB1XXX mean?
MGSI is the bank code of Mgsi, IN is the ISO code of India, B1 is the code for the city or region and XXX marks the head office.
How long does it take to send money to Mgsi?
An international SWIFT transfer usually takes 2–5 business days, depending on intermediary banks and cut-off times. Specialist transfer services are often quicker and cheaper.
Does Mgsi have a single SWIFT/BIC code?
Yes, MGSIINB1XXX is the only SWIFT/BIC code we have for Mgsi in India, so you do not need to pick a branch code.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.