Corporation Bank SWIFT/BIC code

Corporation Bank SWIFT code: CORPINBB

The short code CORPINBB and the 11-character code CORPINBBXXX refer to the same bank: Corporation Bank in Mumbai, India. A BIC does one job: it makes sure that money from abroad ends up at the right bank. It comes up mainly for payments that cross a border.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you confirm a payment. The BIC identifies an institution, never a single account; the IBAN or account number does that.

Verifying the SWIFT code of Corporation Bank

The most reliable source for a SWIFT code is the bank details provided by the recipient. Check that code against CORPINBB here.

If the code is wrong, the transfer might get stuck, be returned or end up costing more – sometimes after weeks of searching. An error in the account number is more serious, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the format of IBANs and some suggest the matching BIC. Where available, a name check before sending adds extra certainty. A small test payment is worth it for a large first payment despite the extra fee.

Where our SWIFT data comes from

The codes on this page come from publicly available data that we update regularly. Still, banks merge or change codes, so information can be out of date. Counts and locations come from our directory and may differ from what Corporation Bank publishes.

Use this page as a starting point, not as the final word – the bank details from the recipient are leading. GoldexPay is an independent comparison service and not affiliated with Corporation Bank. Found outdated information? Let us know via our contact form so we can correct it.

Scams that use SWIFT codes

Be alert when someone unexpectedly wants you to pay into another account. The fact that CORPINBB exists is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Check changed bank details through a different channel, such as a phone number you already know, not by replying to the message. Urgency or requests to keep it quiet are red flags; a genuine business can wait for you to check. If money was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams can also target the receiver. Someone claims to have sent more than agreed and asks you to refund the extra to a new account. Do not act before the money has really arrived.

Indian Rupee (INR) and conversion costs

Most accounts at Corporation Bank are typically held in INR, the local currency of India. When you pay another currency it has to be converted at some point. Every conversion eats into something, even when no fee is shown.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Compare how much INR the recipient gets with different providers; the difference between options can be larger than you expect.

The INR rate fluctuates constantly and quotes are often valid only for a short time. If you pay regularly, small differences in the rate add up over time.

International transfers from Corporation Bank: the real cost

If you send money abroad via Corporation Bank, the fee you see is rarely all of what you pay. On top of the transfer fee, banks in between can deduct a fee, and when currencies are converted the bank often applies a rate that is less favourable than the actual market rate.

Banks do not show the margin on the rate separately. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites.

For many routes, a transfer service turns out to be less expensive than a traditional bank transfer. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets for the same amount sent. Choosing a specialist does not mean leaving Corporation Bank: you simply pay the service from your account.

Getting paid from abroad into a Corporation Bank account

When you expect a payment from another country, send the payer a complete set of details. In practice that means: your name as registered with Corporation Bank, your IBAN or account number, the BIC CORPINBBXXX (or CORPINBB) and sometimes your postal address.

Certain banks want the address of Corporation Bank in Mumbai; it does no harm to include it. A typo in the IBAN can be harder to fix than you might think.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin comes on top. Agree with the sender who covers the fees before the money is sent.

8 or 11 characters: CORPINBB versus CORPINBBXXX

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. In this case, that core is CORPINBB.

The long version has three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so CORPINBBXXX and CORPINBB are interchangeable.

Type the code in one piece, in upper case and without spaces. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Tracking a transfer to or from Corporation Bank

How fast a transfer arrives at Corporation Bank is determined by several factors: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Payments made after the cut-off time or just before weekends and holidays usually go out a business day later. Occasionally a bank wants to know what the payment is for.

Many banks use SWIFT gpi. Every payment gets a unique reference, the UETR that banks can use to trace it. Save the payment confirmation until the money has arrived.

If the money does not arrive within the expected time, the sender needs to contact their own bank. As a recipient, it helps to check your account to see a slightly lower amount because fees can reduce the amount.

Head office or branch code at Corporation Bank?

Corporation Bank has 122 different SWIFT/BIC codes. Only one is the head office code, CORPINBBXXX; the others belong to branches or departments.

Unless the recipient tells you otherwise, use CORPINBBXXX. Branch codes are only needed when the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

When in doubt, ask the person you are paying which code their bank gave them. Codes for branches are more likely to be retired than the head office code.