Sbm Bank (Mauritius) Limited SWIFT/BIC code

STCBINBX – the SWIFT/BIC code of Sbm Bank (Mauritius) Limited

Whether you are given STCBINBX or STCBINBXXXX, you are looking at the same address for Sbm Bank (Mauritius) Limited in India. Banks worldwide use these codes to route international transfers to the correct bank. In practice you mostly come across it on invoices from abroad, in your banking app and in the bank details of Sbm Bank (Mauritius) Limited customers.

On this page we explain how the code is put together, when you need it and what else you need for a transfer to or from Sbm Bank (Mauritius) Limited. A SWIFT code identifies a bank or branch, never a single account; the IBAN or account number does that.

When will the money arrive at Sbm Bank (Mauritius) Limited?

How quickly a payment arrives at Sbm Bank (Mauritius) Limited is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country add a day or more to the journey. Sometimes a bank wants to know what the payment is for, which can hold things up.

If the money seems late, contact the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

The bank that sent the money can request a trace. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

Which of the 2 codes of Sbm Bank (Mauritius) Limited do you need?

Sbm Bank (Mauritius) Limited has 2 separate SWIFT/BIC codes across 1 locations. Only one is the head office code; the rest identify branches or departments.

If nobody asks you for a branch code, use STCBINBXXXX. Branch codes are only needed if the account holder specifically mentions it, which is more common for business accounts and trade services.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

What to give a sender who pays you at Sbm Bank (Mauritius) Limited

For a transfer from abroad at Sbm Bank (Mauritius) Limited, the sender has to have more than the BIC. What they need is: your name, IBAN or account number, STCBINBXXXX and, for some countries, your postal address.

You can include the bank name and Mumbai too, since some forms ask for it. A typo in your account number can be harder to fix than it looks, so copy the details from your online banking.

Money from abroad does not always arrive in full. Correspondent banks can take a fee, and if the currency changes, an exchange rate margin applies. On invoices, it is common to agree who bears the costs.

Why Sbm Bank (Mauritius) Limited has an 8- and an 11-character code

A SWIFT code is built from fixed blocks: the first four letters identify the bank, characters five and six show the country and characters seven and eight indicate the location. That gives you STCBINBX.

Most banks and apps accept both lengths. If yours asks for eleven characters, enter STCBINBXXXX; if it wants eight, use STCBINBX.

As a rule the code is typed in capitals. Look out for O versus 0 or the letter I and the digit 1.

Indian Rupee (INR) and conversion costs

The national currency of India is the Indian Rupee (INR). Money sent in a different currency will be converted into INR, and whoever converts it chooses the rate. You rarely see a separate line for that conversion.

Who converts the money makes a difference. Often you pay less to send INR straight away via a transfer service with a good rate, so that the receiving bank does not need to convert again.

Exchange rates change all the time, and some providers let you lock in a rate. With bigger transfers, even small difference in the rate can be worth more than the fee.

Watch out for payment fraud

Scammers regularly send fake invoices containing new bank details. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Check changed payment details via a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Watch out for time pressure, odd spelling or a sender address that is slightly off. If a payment has already gone to the wrong account, contact your bank immediately.

Fraud can also work the other way. Someone claims to have sent too much and wants you to refund the difference. Wait until the money has really arrived and check with Sbm Bank (Mauritius) Limited if anything seems off.

Sending money abroad from Sbm Bank (Mauritius) Limited

If you send money abroad via Sbm Bank (Mauritius) Limited, the fee you see is rarely all of what you pay. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup.

Many banks do not list the margin on the rate separately, but you pay it all the same. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets before you commit. Choosing a specialist does not require leaving Sbm Bank (Mauritius) Limited – you pay the provider from your own account.

A note on our data

We gather SWIFT/BIC codes from public sources and check them regularly. It is possible that a code on this page is no longer current after a merger or reorganisation. Figures such as the number of codes come from our own dataset and are not confirmed by Sbm Bank (Mauritius) Limited.

Before any payment of any size, always confirm the BIC with Sbm Bank (Mauritius) Limited or with the recipient. GoldexPay has no connection to Sbm Bank (Mauritius) Limited. Found an error? Tell us through the contact page so we can correct it.

Before you send: check the Sbm Bank (Mauritius) Limited code

The safest source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from STCBINBX or STCBINBXXXX, stop and ask: check with the recipient or with Sbm Bank (Mauritius) Limited directly.

Errors in the SWIFT code tend to be annoying rather than disastrous. Remember the account number: a mistake there can be harder to undo than a wrong BIC.

A validity check by your bank only confirms that the code is valid. More and more banks check the payee name against the account – do not ignore a mismatch warning. Sending a small amount first is a sensible step for large sums.