Punjab and Maharashtra Co-Operative Bank Limited SWIFT/BIC code

What PMCBINBB means for a payment to Punjab and Maharashtra Co-Operative Bank Limited

If an invoice shows PMCBINBB or PMCBINBBXXX, you are looking at the identical identifier for Punjab and Maharashtra Co-Operative Bank Limited in India. Every bank on the SWIFT network uses these codes to route international transfers to the correct institution. In daily life you mostly come across the code on invoices from abroad, in your banking app and on the account details that Punjab and Maharashtra Co-Operative Bank Limited provides.

On this page you can read what the code means, when you need it and what else a transfer to or from Punjab and Maharashtra Co-Operative Bank Limited requires. The BIC names an institution, never a specific account; the IBAN or account number does that.

How to check PMCBINBB before you pay

Ask the recipient to send you their account details directly from their banking app. Compare that code with PMCBINBB on this page; if they differ, ask before you pay.

Errors in the SWIFT code tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: an error there is harder to correct than a wrong BIC.

Many banking apps check the format of IBANs, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient gives extra certainty. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Changed bank details? Be careful

Fraudsters often use payment requests with new bank details, sometimes in an email that looks completely genuine. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm a change of bank details by phone on a number you know, not one from the message. Urgency and requests to keep it quiet tend to be warning signs. Already paid? Call your bank without delay and have them try to recall the payment and report the fraud.

Fraud also work the other way. Someone claims to have sent more than agreed and asks you to return the difference to a new account. A payment confirmation from the sender is no proof – check your own account.

Sending money abroad from Punjab and Maharashtra Co-Operative Bank Limited

A bank transfer abroad costs more than the fee suggests. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

Many banks rarely show the margin on the rate separately. Check the rate you are offered against the mid-market rate; the gap is what conversion costs you.

Money transfer services often use a rate near the mid-market rate and lower fees. On GoldexPay we compare the amount that arrives with different providers, so you can pick the cheapest route. Choosing a specialist does not require closing your account at Punjab and Maharashtra Co-Operative Bank Limited: you simply pay the service from your account.

About this information

We gather bank codes from public sources and check our list regularly. Banks reorganise, change names and retire codes, and a directory never catches every change immediately. Figures such as the number of codes come from our own dataset.

Treat our directory on this page as a handy check, and let the details from the recipient or Punjab and Maharashtra Co-Operative Bank Limited have the final say. GoldexPay has no connection to Punjab and Maharashtra Co-Operative Bank Limited. Spotted an error? Let us know through the contact page and we will look into it.

Why Punjab and Maharashtra Co-Operative Bank Limited has an 8- and an 11-character code

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. Together, these eight characters make up PMCBINBB.

Many banks and apps accept both lengths. If a form requires eleven characters, enter PMCBINBBXXX.

As a rule the code is typed in capitals, without spaces or dashes. Pasting the code is safer than retyping it, because one wrong letter changes the bank.

Head office or branch code at Punjab and Maharashtra Co-Operative Bank Limited?

We have 4 SWIFT/BIC codes for Punjab and Maharashtra Co-Operative Bank Limited in 3 cities. Besides the head office code PMCBINBBXXX, there are codes for branches, departments or specific services.

Unless the recipient tells you otherwise, go with PMCBINBBXXX or its short form PMCBINBB. A branch code only makes sense if the recipient’s bank specifically asks for it.

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

When will the money arrive at Punjab and Maharashtra Co-Operative Bank Limited?

There is no fixed answer for international payments: many arrive within a day, others take several business days. Bank holidays in the sending or receiving country add a day or more. Extra checks by one of the banks can also cause some delay, even when all details are correct.

Many banks are connected to SWIFT gpi. Each payment gets a unique transaction reference, the UETR. Keep your transfer receipt.

If a payment has not arrived within the expected time, the sender needs to start with their own bank, not the receiving bank. Request from the sender the payment receipt including the reference; that often settles the question quickly.

Incoming international payments to Punjab and Maharashtra Co-Operative Bank Limited

A sender in another country needs several details from you. Give them your name as the bank knows it, the IBAN or account number, the BIC PMCBINBBXXX and your address, which some banks require.

The sender’s bank may also ask for the bank address of Punjab and Maharashtra Co-Operative Bank Limited, in which case the Mumbai head office is the usual answer. A mistake in the IBAN can be harder to fix than you might think, so copy the details from your online banking.

What lands in your account can be lower than what was sent. Fees for incoming transfers vary from bank to bank – the price list of Punjab and Maharashtra Co-Operative Bank Limited tells you what applies. Agree with the sender who covers the fees.

The Indian Rupee and what conversion costs you

Accounts at Punjab and Maharashtra Co-Operative Bank Limited are typically held in INR, the local currency of India. A payment in a foreign currency will be converted into INR on its way to Punjab and Maharashtra Co-Operative Bank Limited, and whoever converts it chooses the rate. Every conversion costs something, even when no fee is shown.

Where the conversion happens affects the final amount, as rates and margins differ per bank. Compare how much INR the recipient gets via different services; the difference between options can be larger than you expect.

Rates for INR change all the time. With bigger transfers, even small gap in the rate can be worth more than the fee.