Idfc Bank Limited SWIFT/BIC code

IDFBINBB – the SWIFT/BIC code of Idfc Bank Limited

Whether a recipient gives you IDFBINBB or IDFBINBBXXX, it is the identical identifier for Idfc Bank Limited in India. Banks worldwide use these codes to route international transfers to the correct bank. In daily life you mostly come across it on invoices from abroad, in your banking app and in the bank details of Idfc Bank Limited customers.

We wrote this page to help anyone who pays into an account at Idfc Bank Limited. The SWIFT code alone does not identify a personal account; that is what the IBAN or account number .

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

There is no fixed answer: many arrive the same day or the next, others take several business days. Payments made late in the day or just before a weekend or public holiday usually go out a business day later. Compliance checks on larger or unusual payments may also cause a delay, regardless of the details.

Many banks are connected to SWIFT gpi. Every gpi transfer gets a unique reference, the UETR. Save your transfer receipt until the money has arrived.

If a payment has not arrived within the expected time, the person who paid needs to start with their own bank. As a recipient, it helps to check your statements to see a slightly lower amount.

What a transfer from Idfc Bank Limited abroad really costs

If you transfer money to another country through Idfc Bank Limited, the fee you see is rarely all of what you pay. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and when the money changes currency, the bank often applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate: many banks convert using an exchange rate that includes a margin. A simple test: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

For many routes, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares the amount that arrives with different providers, so you can pick the cheapest route. You can still use your account at Idfc Bank Limited.

Protect yourself against fake payment requests

Be alert when someone suddenly asks you to send money to another account or a bank in another country. That IDFBINBB is a real code does not mean that the account is legitimate.

Before paying, confirm changed bank details through a phone call, using a number you already had. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Already paid? Call your bank without delay and ask them to try to recall the payment.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to refund the difference to another account. Wait until the money is actually in your account and check with Idfc Bank Limited if anything seems off.

A note on our data

The codes here are taken from publicly available data that we update regularly. It can happen that information on this page is out of date, for example after a merger. The number of codes we show reflect our own data, not official figures from Idfc Bank Limited.

Before any payment of any size, always check the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of Idfc Bank Limited. Found an error? Let us know via our contact form and we will look into it.

Which of the 4 codes of Idfc Bank Limited do you need?

Our database contains 4 SWIFT/BIC codes for Idfc Bank Limited in 3 cities. Besides the head office code IDFBINBBXXX, you will find codes for branches, departments or specific services.

If nobody asks you for a branch code, use IDFBINBBXXX. Just use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

Not sure which code to use? Ask the recipient. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Receiving money from abroad at Idfc Bank Limited

When you expect a payment from another country, give the sender a complete set of details. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code IDFBINBBXXX (or IDFBINBB) and sometimes your address.

It helps to include the bank name and its city too. Check each detail before you send them.

The amount you receive can be lower than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate comes on top. On invoices, it is common to state who bears the costs to avoid a shortfall.

IDFBINBB or IDFBINBBXXX – which one to use?

The structure of a BIC is always the same: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. The result is IDFBINBB for Idfc Bank Limited.

The 11-character version has three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office.

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

Verifying the SWIFT code of Idfc Bank Limited

Ask the recipient to send you the bank details directly from their online banking. Check it with IDFBINBB here; if they differ, ask before you pay.

If the code is wrong, the payment might get stuck, be returned or end up costing more. Remember the IBAN: a mistake there is harder to undo than a wrong BIC.

A validity check by your bank merely tells you that the IBAN exists, not that it is the right account. Some banks now compare the name with the account before you confirm – do not ignore a mismatch warning. For a first payment, many people send a small amount first.

The Indian Rupee and what conversion costs you

India pays in the Indian Rupee, with the currency code INR. A payment in a foreign currency will be converted into INR before it reaches the account, and whoever converts it chooses the rate. Each conversion costs the amount, even when no fee is shown.

Which bank converts the payment makes a difference: every bank has its own margin. Check what INR the recipient gets with several services; the difference between options can be larger than you expect.

Rates for INR change all the time. For recurring payments, small differences in the rate add up over time.