SWIFT/BIC code SBININBB241
SBININBB241 belongs to State Bank of India in Satna, India.
Code details
| SWIFT/BIC code | SBININBB241 |
|---|---|
| 8-character code | SBININBB |
| Branch code | 241 |
| Bank | State Bank of India |
| Branch | Commercial Branch |
| City | Satna |
| Country | India |
The way the State Bank of India SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SBIN Bank code
- 4 letters that identify the bank.
- IN Country code
- 2 letters for the country (ISO 3166).
- BB Location code
- 2 characters for the city or region of the head office.
- 241 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 is behind SWIFT/BIC code SBININBB241?
The code SBININBB241 belongs to Commercial Branch, a unit of State Bank of India in Satna, India. Use this branch code only when the recipient or their bank explicitly asks for it.
What do the letters in SBININBB241 stand for?
SBIN is the institution code of State Bank of India, IN stands for India, BB is the code for the city or region and 241 identifies the department Commercial Branch.
Can I use SBININBB instead of SBININBB241?
SBININBB is the head office of State Bank of India, while SBININBB241 is Commercial Branch. For a normal transfer the head office code is usually fine, but use SBININBB241 if the recipient asks for it.
What is the best way to send money to State Bank of India in India?
Banks often add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Indian Rupee with transfer services before you send – the difference can be large.
What do I need to send money to an account at State Bank of India?
You need the SWIFT/BIC code SBININBB241, the IBAN or local account number of the recipient, their full name and address. India is not part of SEPA, so always include the BIC.
How long does a transfer to State Bank of India take in India?
A SWIFT payment usually takes 1–5 business days, because of correspondent banks and time zones. Money transfer services are often faster and cheaper.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.