Svc Co-Operative Bank Limited SWIFT/BIC code

SWIFT/BIC code of Svc Co-Operative Bank Limited

SVCBINBB and SVCBINBBXXX are two spellings of the same bank identifier, and both lead to Svc Co-Operative Bank Limited in Mumbai. Banks worldwide use BIC codes to direct international transfers to the right bank. In daily life you usually see it on international invoices, in your banking app and on the account details that Svc Co-Operative Bank Limited provides.

On this page you can read what the code is put together, when it matters and which other details you need for a transfer to or from Svc Co-Operative Bank Limited. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN is for.

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

The structure of a BIC is always the same: a bank code of four letters, two for the country and two for the location, plus an optional branch code. Combined, these eight characters make up SVCBINBB.

The full version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

Leave out spaces or dashes when you enter SVCBINBB; the code is always written in one block. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

Choosing between the 4 SWIFT codes of Svc Co-Operative Bank Limited

Having 4 codes, Svc Co-Operative Bank Limited is one of the banks that register separate codes for branches. The head office code remains SVCBINBBXXX.

Unless the recipient tells you otherwise, go with SVCBINBBXXX or its short form SVCBINBB. Only use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than SVCBINBBXXX when a bank merges or closes offices.

Watch out for payment fraud

Stay wary if a contact suddenly asks you to send money to another account or a bank in another country. The fact that SVCBINBB exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Always verify changed bank details by phone. Urgency and secrecy are warning signs; a genuine business can wait for you to check. When money has already gone to the wrong account, call your bank right away.

Fraud can also work the other way: someone sends more than agreed and asks you to return the extra via a different route. A screenshot of a transfer proves nothing.

Sending INR to Svc Co-Operative Bank Limited

India uses the Indian Rupee, code INR. If you send money in a different currency gets converted at some point. You rarely see a separate line for that conversion.

Who converts the payment makes a difference. Check how much INR arrives via different providers before choosing one.

The INR rate fluctuates throughout the day and quotes are often valid only for a short time. For regular payments, a slightly better rate add up over time.

What to give a sender who pays you at Svc Co-Operative Bank Limited

A sender in another country needs several details about your account – incomplete details often cause delays. Share your name as the bank knows it, your account number or IBAN, the BIC SVCBINBBXXX and your address, which some banks require.

Some sending banks also ask for the bank’s address; it does no harm to include it. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad does not always land in full. Correspondent banks can take a fee, and if the currency changes, a markup on the rate applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

Tracking a transfer to or from Svc Co-Operative Bank Limited

An international transfer usually takes anywhere from one to several business days. Transfers sent late in the day or just before a weekend or public holiday usually go out the next business day. Sometimes a bank asks what the payment is for.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique transaction reference, the UETR. Specialist transfer services usually provide a status in their app so you can see how far the payment has got.

Only the sending bank is able to request a trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

About this information

The details here are taken from public sources. Banks reorganise, close branches and retire codes. Counts and locations come from our directory.

For any payment of any size, check the code with the recipient’s bank or the recipient. GoldexPay is an independent comparison site and not affiliated with Svc Co-Operative Bank Limited. Should you notice a mistake, we appreciate a short note via the contact page.

Verifying the SWIFT code of Svc Co-Operative Bank Limited

The best place to find the right code is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from SVCBINBB or SVCBINBBXXX, stop and ask: check with the recipient or with Svc Co-Operative Bank Limited directly.

Errors in the BIC are costly rather than fatal. Remember the IBAN: a mistake there can be harder to undo than a wrong code.

Most online banking apps check the format of IBANs. Where available, a payee name check before sending gives an extra layer of safety. For a first payment, many people send a small test amount and wait for confirmation.

Paying someone abroad from your Svc Co-Operative Bank Limited account

When you transfer money abroad through Svc Co-Operative Bank Limited, the visible fee is only part of what you pay. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup if the currency changes.

That exchange rate margin tends to be the largest cost because it is hidden in the rate. A simple test: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider turns out to be cheaper than a traditional bank transfer. Before your next transfer, take a minute comparing the total cost on GoldexPay instead of going straight to your bank. Using a transfer service does not mean leaving Svc Co-Operative Bank Limited – you pay the provider from your own account.