Icici Bank Limited SWIFT/BIC code

Icici Bank Limited SWIFT code: ICICINBB

Whether a recipient gives you ICICINBB or ICICINBBXXX, you are looking at the identical address for Icici Bank Limited in India. A SWIFT code shows every bank in the chain which institution is meant to get the money, much like a postcode for banks. In daily life you usually come across it on invoices from abroad, in your banking app and on the account details that Icici Bank Limited provides.

Further down we go through the practical side: receiving money at Icici Bank Limited, sending money abroad and how to verify a SWIFT code before you confirm a payment. A SWIFT code identifies a bank or branch, not a single account, which is why you always need the account number too.

Verifying the SWIFT code of Icici Bank Limited

The most reliable place for the correct BIC is a document from the bank itself, such as a statement or the account details in online banking. Check that code against ICICINBB here.

If the code is wrong, the transfer might be delayed, bounce back or end up costing more. An error in the IBAN or account number can be more serious, because the money may be credited to someone else.

Many banking apps check the format of an IBAN, but that does not prove the account belongs to the right person. Some banks now check the name with the account; take any warning seriously. For a first payment, some people start with a small amount first and wait for confirmation.

Icici Bank Limited: head office code versus branch codes

Our database contains 33 SWIFT/BIC codes for Icici Bank Limited, spread over 17 locations. Next to the head office code ICICINBBXXX, you will find codes for individual branches and departments.

Unless the recipient tells you otherwise, go with ICICINBBXXX. When you receive a branch code, use it as it is rather than swapping it with the head office code.

The safest route is to take the code directly from the recipient’s bank details. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Watch out for payment fraud

Fraudsters regularly use payment requests containing new bank details sent from what looks like a familiar address. That ICICINBB is a real code is no guarantee that the account is legitimate.

Before paying, verify a change of bank details through a phone call, using a number you already had. Pressure and requests to keep it quiet tend to be warning signs. When money was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference. Wait until the money has really arrived.

International transfers from Icici Bank Limited: the real cost

The price of a payment abroad is made up of several parts. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts using an exchange rate with a margin built in. A simple test: set the rate you get next to the mid-market rate and look at the difference.

Specialist money transfer services often use a rate near the mid-market rate and lower fees. Next time you send money, take a minute to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. You can still keep your account at Icici Bank Limited to fund the transfer; only the conversion and sending happen elsewhere.

The Indian Rupee and what conversion costs you

Accounts at Icici Bank Limited are typically held in INR, the national currency. When you pay another currency it has to be converted somewhere along the way – by your bank, by Icici Bank Limited or by a bank in between. Every conversion costs the amount – usually through the rate rather than a fee.

Who does the conversion has an effect on how much arrives. Sending the amount already in INR often avoids an extra conversion – as long as your own rate is good.

The INR rate changes constantly and quotes are often valid only for a short time. If you pay regularly, small differences in the rate make a real difference over time.

What the XXX in ICICINBBXXX means

A BIC is built from a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight indicate the location. Combined, those parts make up ICICINBB.

Many payment forms accept either length. If yours asks for eleven characters, enter ICICINBBXXX; if it wants eight, use ICICINBB.

Enter the code as one block, in upper case and without spaces, exactly as shown here. A wrong character may route the money to another bank, so copy it carefully.

About this information

Our SWIFT/BIC directory is compiled from publicly available sources and is updated regularly. Banks merge, change names and retire codes. The number of codes on this page reflect our own data and not on information from Icici Bank Limited itself.

Before any payment of any size, always confirm the code with the recipient’s bank or the recipient. GoldexPay has no connection to Icici Bank Limited, we only compare transfer services. Found outdated information? Let us know through the contact page so we can correct it.

How long does an international transfer to Icici Bank Limited take?

An international transfer typically needs anywhere from one to several business days. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Compliance checks on larger or unusual payments may also cause a delay.

When a payment takes longer than expected, ask the sending bank for the tracking status or the UETR. Money transfer services usually provide a status in their app so you can see where the payment has got.

If the money does not arrive within the expected time, the sender should contact the bank that sent it, not the receiving bank. As a recipient, it helps to look at your statements to see a partial amount.

Incoming international payments to Icici Bank Limited

For an international payment into your account at Icici Bank Limited, the sender needs more than the BIC. The basics are: your name, IBAN or account number, ICICINBBXXX and in many cases your postal address.

It helps to include the bank name and its city too. A typo in your account number can be harder to fix than it looks; copy them from your banking app rather than typing.

Do not be surprised if the amount credited is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank. Agree with the sender who covers the fees.