Standard Chartered Bank SWIFT/BIC code

SCBLINBB – the SWIFT/BIC code of Standard Chartered Bank

The 8-character code SCBLINBB and the full code SCBLINBBXXX identify the same bank: Standard Chartered Bank in Mumbai, India. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. It comes up mostly for payments that cross a border and payments in foreign currencies.

Below you will find the practical questions: receiving money at Standard Chartered Bank, paying someone in another country and how to verify the code before you hit send. The BIC names an institution, not a specific account, which is why you always need the account number too.

Transfer times and tracking a payment to Standard Chartered Bank

There is no single delivery time for every transfer: many arrive the same day or the next while others need several business days. Bank holidays in the sending or receiving country add extra days. Occasionally a bank wants to know what the payment is for.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR. Specialist transfer services often show tracking in their app so you can see where the payment has got.

The bank that sent the money can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for the payment receipt including the reference.

8 or 11 characters: SCBLINBB versus SCBLINBBXXX

A SWIFT code is made up of fixed blocks: the first four letters identify the bank, characters five and six give the country and characters seven and eight indicate the location. In this case, the 8-character core is SCBLINBB.

Most payment forms work with either length. If yours requires eleven characters, enter SCBLINBBXXX, otherwise SCBLINBB is fine.

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

Which of the 7 codes of Standard Chartered Bank do you need?

We have 7 SWIFT/BIC codes for Standard Chartered Bank in 4 cities. Next to the head office code SCBLINBBXXX, there are codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code SCBLINBBXXX works fine. A branch code only makes sense if the recipient’s bank explicitly mentions it, which is more common for corporate accounts and trade services.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more likely to be retired than the head office code.

Sending money abroad from Standard Chartered Bank

A bank transfer abroad can cost more than the listed fee. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate with a margin built in. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets for the same amount sent. You can still keep your account at Standard Chartered Bank as the source of the money, while a cheaper service handles the conversion.

The Indian Rupee and what conversion costs you

India pays in the Indian Rupee. When you pay another currency it gets converted somewhere along the way. Each conversion costs something.

Who converts the payment makes a difference. In many cases you pay less if you send INR straight away via a transfer service that converts near the mid-market rate.

Rates for INR change during the day – some services let you fix a rate in advance. With bigger transfers, a small gap in the rate adds up quickly.

Getting paid from abroad into a Standard Chartered Bank account

A sender in another country will ask for several details from you. Give them your name as the bank knows it, the IBAN or account number, SWIFT code SCBLINBBXXX and your address.

Some banks want the bank’s address; it does no harm to include it. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, Standard Chartered Bank may charge for incoming payments, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

Scams that use SWIFT codes

Scammers often use payment requests with new bank details. That SCBLINBB is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Always verify a change of bank details by phone on a number you know, not one from the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Contact your bank straight away and ask them to start a recall; also report it to the police.

Fraud also work the other way: someone sends too much and asks you to refund the extra. Do not act before the money is actually in your account.

About this information

This directory is compiled from publicly available sources and is updated regularly. It is possible that information here is out of date. Counts and locations come from our own dataset.

Before a payment that matters, check the code with Standard Chartered Bank or the recipient. GoldexPay is not affiliated with Standard Chartered Bank. If you notice something that is out of date, we appreciate a message.

Is SCBLINBB still correct? How to check

Have the recipient copy the account details straight from their online banking. When the code you were given differs from SCBLINBB or SCBLINBBXXX, stop and ask: check with the recipient or with Standard Chartered Bank directly.

Errors in the SWIFT code are annoying more than disastrous: often the payment comes back, minus fees. A mistake in the account number is more serious because it can reach the wrong person.

Most online banking apps check the format of IBANs and some suggest the matching BIC. Where available, a name check on the recipient gives extra certainty. When you pay someone new, many people send a small test amount.