Lakshmi Vilas Bank Limited SWIFT/BIC code

What LAVBINBB means for a payment to Lakshmi Vilas Bank Limited

LAVBINBB and LAVBINBBXXX are two ways of writing the same bank identifier, and both lead to Lakshmi Vilas Bank Limited in Mumbai. Banks worldwide use BIC codes to route payments between countries to the correct bank. In daily life you usually come across the code on international invoices, in your banking app and on the account details of Lakshmi Vilas Bank Limited customers.

Below you will find the practical questions: receiving money at Lakshmi Vilas Bank Limited, sending money abroad and how to verify the code before you hit send. The SWIFT code on its own cannot identify an individual account holder; for that you need the account number or IBAN .

Lakshmi Vilas Bank Limited: head office code versus branch codes

Our directory lists 16 SWIFT/BIC codes for Lakshmi Vilas Bank Limited. Next to the head office code LAVBINBBXXX, there are codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code LAVBINBBXXX is what you need. When you receive a branch code, use it as it is instead of replacing it with the head office code.

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

When will the money arrive at Lakshmi Vilas Bank Limited?

How fast a payment reaches Lakshmi Vilas Bank Limited is determined by several factors: the currency, the number of banks in between, cut-off times and differences in time zone. Bank holidays in either country can add a day or more, since banks do not process on those days. Extra checks on larger or unusual payments may also cause a delay.

When a payment takes longer than expected, ask the sending bank about the status or the UETR. Keep your transfer receipt until the recipient confirms.

Only the sending bank is able to start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation – it helps your own bank look for the money.

Indian Rupee (INR) and conversion costs

India uses the Indian Rupee. Money sent in a different currency is exchanged into INR before it reaches the account, and whoever converts it chooses the rate. Each conversion eats into the amount, even when no fee is shown.

Which bank converts the payment makes a difference: every bank has its own margin. Sending the money already in INR usually prevents a second conversion by Lakshmi Vilas Bank Limited – as long as your own rate is good.

The rate for INR fluctuates throughout the day, so the amount you see is usually only valid for a short time. For recurring payments, a slightly better rate make a real difference over a year.

Sending money abroad from Lakshmi Vilas Bank Limited

The price of a payment abroad has several parts – not just the fee on your screen. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

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. An easy check: put the rate you get next to the mid-market rate for the same moment and look at the difference.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives for the same amount sent. Choosing a specialist does not mean closing your account at Lakshmi Vilas Bank Limited.

8 or 11 characters: LAVBINBB versus LAVBINBBXXX

The layout of every SWIFT code is always the same: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. Together, those parts make up LAVBINBB, the code most people search for.

Most payment forms accept both lengths. If yours requires eleven characters, enter LAVBINBBXXX.

In practice the code is typed in capitals. Watch for O versus 0 and the letter I and the digit 1, a common source of typos.

Protect yourself against fake payment requests

A common scam works like this: you receive a request saying that a company now has a new bank account and asking you to pay there from now on. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify new bank details through a different channel like a call to a number from an earlier contract. Pressure and requests to keep it quiet tend to be warning signs. Acted too fast? Contact the bank you paid from without delay and ask them to try to recall the payment.

Fraud can also target the receiver: someone claims to have sent too much and asks you to refund the difference to a new account. A screenshot of a transfer proves nothing – check your own account.

About this information

We collect SWIFT/BIC codes using publicly available data and update our list from time to time. It can happen that information on this page is out of date, for example after a merger. The figures on this page reflect our own data.

For any payment of any size, confirm the code with Lakshmi Vilas Bank Limited or the recipient. We are a comparison service and not part of Lakshmi Vilas Bank Limited. Spotted an error? Tell us through the contact page.

Before you send: check the Lakshmi Vilas Bank Limited code

Have the recipient send you their bank details directly from their online banking. Check it with LAVBINBB on this page and ask if anything does not match.

With a wrong code, the payment may get stuck, bounce back or end up costing more, and tracing it can take weeks. Remember the account number: an error there is harder to undo than a wrong BIC.

A format check by your bank only tells you that the code is valid. More and more banks check the name with the account before you confirm. For a first payment, some people start with a small test amount.

Incoming international payments to Lakshmi Vilas Bank Limited

To receive an international payment into your account at Lakshmi Vilas Bank Limited, the person paying you has to have more than the SWIFT code. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC LAVBINBBXXX and, often, your address.

It helps to add Lakshmi Vilas Bank Limited and Mumbai too, because some payment forms have separate fields for them. Double-check the details before you share them.

What lands in your account is often less than what was sent. Fees for incoming transfers differ from bank to bank. Make clear with the sender who covers the fees.