Indian Bank SWIFT/BIC code

What IDIBINBB means for a payment to Indian Bank

The short code IDIBINBB and the full code IDIBINBBXXX identify the same bank: Indian Bank, with its head office in Mumbai. A BIC does one job: it ensures that money from abroad ends up at the right bank. You will need it mainly when dealing with transfers between countries or a currency.

On this page you will find what the code means, when it matters and which other details you need for a transfer to or from Indian Bank. Remember that the SWIFT code just identifies the bank, not the person: the account number or IBAN does that part.

How up to date is this code?

The directory on GoldexPay draws on public sources and we update it periodically. It is possible that a code on this page is no longer current, for example after a merger. The figures on this page reflect our own data, not official figures from Indian Bank.

Treat the information here as a handy check. We are a comparison site and not part of Indian Bank. Should you notice something that is out of date, we welcome a message.

How long does an international transfer to Indian Bank take?

There is no single answer: many land within a day, others take several business days. Bank holidays in the sending or receiving country add extra days. Sometimes a bank asks what the payment is for, which can hold things up.

If a transfer seems late, ask your bank about the status or the UETR so they can trace it along the chain. Save the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

If a payment has not arrived after a few business days, the sender needs to contact their own bank. Ask the sender for the payment receipt.

What to give a sender who pays you at Indian Bank

Someone abroad who wants to pay you will ask for several details from you. What they need is: the account holder’s name, IBAN or account number, IDIBINBBXXX or IDIBINBB and in many cases your home address.

Their bank may also ask for the address of your bank. A typo in the IBAN is harder to fix than it looks, so copy the details from your online banking.

The amount you receive is often less than what was sent. Charges on incoming payments vary per bank. For business payments, it is common to agree who bears the costs, so that nobody is left short.

The Indian Rupee and what conversion costs you

The local currency in India is the Indian Rupee (INR). When you pay another currency it gets converted somewhere along the way – by your bank, by Indian Bank or by a bank in between. There is rarely a separate line for that conversion; it is built into the rate.

Who does the conversion affects how much arrives. Often it is cheaper to send INR directly via a transfer service that converts near the mid-market rate.

The rate for INR changes constantly and quotes are often valid only for a short time. For regular payments, a slightly better rate add up over a year.

International transfers from Indian Bank: the real cost

When you send money abroad through Indian Bank, the visible fee is only part of what you pay. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if currencies are converted the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. An easy check: set the rate you get against the mid-market rate for the same moment and look at the difference.

Money transfer services often use a rate near the mid-market rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives for the same amount sent. You can always keep your account at Indian Bank to fund the transfer, while a cheaper service handles the conversion.

Which of the 91 codes of Indian Bank do you need?

We have 91 SWIFT/BIC codes for Indian Bank in 45 places. Besides the head office code IDIBINBBXXX, you will find codes for regional offices and specialised units.

For the vast majority of incoming transfers, the head office code IDIBINBBXXX works fine. Just use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

The safest route is to take the code straight from the recipient’s statement. Codes for branches are more prone to be retired than IDIBINBBXXX when a bank merges or closes offices.

IDIBINBB or IDIBINBBXXX – which one to use?

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and two characters for the location. Together, these eight characters make up IDIBINBB, the code most people search for.

The long version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, so IDIBINBBXXX and IDIBINBB are interchangeable.

Leave out spaces or dashes when you type IDIBINBB or IDIBINBBXXX. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Watch out for payment fraud

Be alert if a contact unexpectedly wants you to send money to a different account or a bank in another country. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Verify changed bank details via a separate channel. Urgency or secrecy tend to be red flags; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from without delay and ask them to start a recall and report the fraud.

Fraud can also work the other way: someone sends too much and asks you to return the extra. A payment confirmation from the sender is no proof.

Is IDIBINBB still correct? How to check

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. When the code you were given does not match IDIBINBB or IDIBINBBXXX, do not guess: check with the recipient or with Indian Bank directly.

An incorrect BIC can cause a delay, a payment being sent back or additional charges for investigation. An error in the account number can be more serious because it can reach the wrong person; check it just as carefully.

Most online banking apps validate the structure of an IBAN and sometimes look up the BIC automatically. If your bank offers it, a name check before sending adds extra certainty. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.