Indusind Bank Limited SWIFT/BIC code

INDBINBB – the SWIFT/BIC code of Indusind Bank Limited

INDBINBB and INDBINBBXXX are the short and the long form of the same SWIFT/BIC code, and both lead to Indusind Bank Limited in Mumbai. A SWIFT code tells every bank in the chain exactly which bank should receive the money, much like a postcode for banks. In practice you mostly come across the code on international invoices, in payment forms and in the bank details that Indusind Bank Limited provides.

On this page you will find how the code is put together, when you need it and what else a transfer to or from Indusind Bank Limited requires. The BIC names an institution, never a specific account; the IBAN or account number does that.

Tracking a transfer to or from Indusind Bank Limited

There is no single delivery time for international payments: some arrive within a day, others take several business days. Payments made late in the day or just before a weekend or public holiday usually go out the next business day. Extra checks by one of the banks may also add some delay.

If a transfer seems late, contact your bank about the tracking status and the transaction reference. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

A delayed transfer is traced from the sending side on the basis of the transfer details. As a recipient, it helps to look at your statements for a partial amount, since fees may have been deducted.

A note on our data

This directory draws on publicly available sources. Institutions merge, change names and change codes, and a directory never catches every change immediately. Figures such as the number of codes come from our directory and are not confirmed by Indusind Bank Limited.

Use this page as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay has no connection to Indusind Bank Limited; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a short note.

What the XXX in INDBINBBXXX means

The structure of a BIC never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. For Indusind Bank Limited, that core is INDBINBB.

Many banks and apps accept either length. If a form requires eleven characters, enter INDBINBBXXX, otherwise INDBINBB is fine.

In practice the code is written in capitals. Pasting the code beats typing it by hand: a typo can point to another bank.

Paying into Indusind Bank Limited in INR

India uses the Indian Rupee. When you pay money in a different currency, the amount has to be converted somewhere along the way: by your bank, an intermediary or Indusind Bank Limited itself. Each conversion costs something – usually through the rate rather than a fee.

Who converts the money makes a difference. Often you pay less to send INR straight away through a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The INR rate fluctuates throughout the day and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over time.

Scams that use SWIFT codes

Criminals often send payment requests with new bank details. That INDBINBB is a real code is no guarantee 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. Acted too fast? Call your bank without delay and have them start a recall and report the fraud.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. Do not act before the money has really arrived – ask Indusind Bank Limited if something looks wrong.

Sending money abroad from Indusind Bank Limited

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

The markup on the rate is often the biggest item even though it is not listed as a fee. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For many routes, a specialist provider turns out to be cheaper than a bank. GoldexPay compares these services next to each other, showing the amount the recipient gets before you commit. Using a transfer service does not mean closing your account at Indusind Bank Limited: you simply pay the service from your account.

Before you send: check the Indusind Bank Limited code

The most reliable source for the BIC is the bank details provided by the recipient. Compare that code with INDBINBB here and ask if anything does not match.

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

A validity check in your banking app only confirms that the IBAN exists. More and more banks compare the name with the account. Sending a small amount first can be a sensible step for a large first payment.

What to give a sender who pays you at Indusind Bank Limited

To receive a transfer from abroad into your account at Indusind Bank Limited, the sender needs not just the BIC. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC INDBINBBXXX (or INDBINBB) and, often, your address.

Some sending banks also ask for the name and address of Indusind Bank Limited. Check every detail before you send them, because the sender’s bank usually copies them as is.

Expect that the amount credited is below what the sender paid. Correspondent banks can take a fee, Indusind Bank Limited may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

Choosing between the 41 SWIFT codes of Indusind Bank Limited

Having 41 codes in 30 locations, Indusind Bank Limited is one of the banks that use separate codes for parts of the organisation. The main code is INDBINBBXXX.

For the vast majority of incoming transfers, the head office code INDBINBBXXX is what you need. Just use a branch code when your contact explicitly asks for it.

The safest route is to copy the code straight from the account holder’s statement. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.