SWIFT/BIC code XMDSIN51XXX
XMDSIN51XXX belongs to Madras Stock Exchange Limited in Chennai (Madras), India.
Code details
| SWIFT/BIC code | XMDSIN51XXX |
|---|---|
| 8-character code | XMDSIN51 |
| Branch code | XXX |
| Bank | Madras Stock Exchange Limited |
| Branch | Head office |
| City | Chennai (Madras) |
| Country | India |
How the Madras Stock Exchange Limited SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- XMDS Bank code
- 4 letters that identify the bank.
- IN Country code
- 2 letters for the country (ISO 3166).
- 51 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
What bank is behind BIC XMDSIN51XXX?
XMDSIN51XXX identifies the head office of Madras Stock Exchange Limited in Chennai (Madras), India. Use it when you send money to an account at Madras Stock Exchange Limited.
What happens if I use XMDSIN51XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check XMDSIN51XXX against the details from Madras Stock Exchange Limited before sending.
What is the best way to send money to Madras Stock Exchange Limited?
Banks often add several percent to the exchange rate on top of a fee. Check what you receive in Indian Rupee with transfer services before you send – the difference can be large.
What does each part of XMDSIN51XXX stand for?
XMDS is the institution code of Madras Stock Exchange Limited, IN is the ISO code of India, 51 is the location code and XXX means the main office.
Which details do I need for a transfer to an account at Madras Stock Exchange Limited?
You need the SWIFT/BIC code XMDSIN51XXX, 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 Madras Stock Exchange Limited take in India?
A SWIFT payment usually takes 1–5 business days, because of intermediary banks and cut-off times. Money transfer services are often quicker and cheaper.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.