Jammu and Kashmir Bank LTD SWIFT/BIC code

JAKAINBB – the SWIFT/BIC code of Jammu and Kashmir Bank LTD

If an invoice shows JAKAINBB or JAKAINBBXXX, you are looking at the identical address for Jammu and Kashmir Bank LTD in India. A BIC does one job: it ensures that a cross-border transfer reaches the right bank. It comes up mostly for transfers between countries or a currency.

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 hit send. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number is for.

Changed bank details? Be careful

Be alert when someone unexpectedly wants you to pay into another account. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Check new payment details through a different channel, such as a phone number you already know. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. If a payment has already gone 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 an overpayment followed by a request to refund the difference abroad. Do not act before the money is actually in your account.

Paying someone abroad from your Jammu and Kashmir Bank LTD account

If you send money abroad through Jammu and Kashmir Bank LTD, the visible fee is only part of the cost. Besides the transfer fee, banks in between can take a cut, and when the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

The markup on the rate is often the largest item even though it is not listed as a fee. Check their rate against the mid-market rate.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. On GoldexPay you can compare what recipients receive across providers, so you can pick the cheapest route. You can always keep your account at Jammu and Kashmir Bank LTD, while a cheaper service handles the conversion.

Head office or branch code at Jammu and Kashmir Bank LTD?

Having 41 codes, Jammu and Kashmir Bank LTD belongs to the banks that register individual codes for branches and departments. The head office code remains JAKAINBBXXX.

For most payments to a private or business account, the head office code JAKAINBBXXX works fine. If you have been given a specific code, use it as it is rather than replacing it with the head office code.

The safest route is to take the code straight from the account holder’s bank details. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Indian Rupee (INR) and conversion costs

India uses the Indian Rupee, code INR. If you send money in a different currency has to be converted at some point: by your bank, an intermediary or Jammu and Kashmir Bank LTD itself. Every conversion costs something, even when no fee is shown.

Who converts the money matters: every bank has its own margin. Sending the money already in INR often avoids an extra conversion, provided the rate you get is fair.

Rates for INR move during the day, and some providers let you lock in a rate. For recurring payments, a slightly better rate make a real difference over a year.

Verifying the SWIFT code of Jammu and Kashmir Bank LTD

The best place to find the correct BIC remains a document from the bank itself, such as a statement or the account details in online banking. Check that code against JAKAINBB here; if they differ, ask before you pay.

If the code is wrong, the transfer may be delayed, be returned or cost extra, and tracing it can take weeks. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

Most online banking apps validate the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a payee name check on the recipient adds extra certainty. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

What to give a sender who pays you at Jammu and Kashmir Bank LTD

When you are waiting for a payment from another country, send the payer everything they need in one go. Give them your name as the bank knows it, the IBAN or account number, SWIFT code JAKAINBBXXX and your address, which some banks require.

Certain banks want the address of Jammu and Kashmir Bank LTD in Mumbai, so keep it at hand. A typo in the IBAN is harder to fix than it looks.

The amount you receive can be lower than the amount sent. Fees for incoming transfers differ per bank; check the price list of Jammu and Kashmir Bank LTD. Make clear with the sender who covers the fees, especially for larger amounts.

Transfer times and tracking a payment to Jammu and Kashmir Bank LTD

How quickly a transfer reaches Jammu and Kashmir Bank LTD is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in either country can add extra days to the journey. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR. Specialist transfer services often show tracking in their app showing where the money has got.

If a payment has not arrived after a few business days, the sender needs to contact the bank that sent it. Ask the sender for the payment receipt – it helps your own bank look for the money.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from publicly available sources and we update it periodically. Banks merge, change names and retire codes. Figures such as the number of codes come from our directory.

Treat our data as a starting point, not as the last word. We are an independent comparison service for money transfers and not part of Jammu and Kashmir Bank LTD. Found outdated information? Tell us via our contact form.

Why Jammu and Kashmir Bank LTD has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, the next two give the country and the two after that indicate the location. In this case, the 8-character core is JAKAINBB.

Many payment forms work with both lengths. If yours requires eleven characters, enter JAKAINBBXXX; if it wants eight, use JAKAINBB.

Type the code as one block, in capitals and without separators, exactly as shown here. Pasting the code beats retyping it, because one wrong letter changes the bank.