Syndicate Bank SWIFT/BIC code

SYNBINBB – the SWIFT/BIC code of Syndicate Bank

Whether you are given SYNBINBB or SYNBINBBXXX, it is the same identifier for Syndicate Bank in India. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money, a bit like a postal address for banks. In daily life you usually come across it on invoices from abroad, in payment forms and on the account details of Syndicate Bank customers.

Further down we go through the practical side: receiving money at Syndicate Bank, paying someone in another country and how to check a SWIFT code before you hit send. A SWIFT code names an institution, not a specific account; the IBAN or account number does that.

A note on our data

This directory draws on publicly available sources and is updated regularly. Banks merge, close branches and retire codes – a directory can be a step behind. The number of codes on this page reflect what is in our directory.

Before a payment that matters, confirm the BIC with Syndicate Bank or with the recipient. GoldexPay is not affiliated with Syndicate Bank; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a short note.

Verifying the SWIFT code of Syndicate Bank

Have the recipient copy the account details directly from their online banking. Compare it against SYNBINBB on this page and ask if anything does not match.

With a wrong code, the payment might be delayed, bounce back or end up costing more – sometimes after weeks of searching. Do not forget the IBAN: an error there is harder to correct than a wrong BIC.

Many banking apps check the format of an IBAN – that confirms the format, not the owner. More and more banks check the name against the account before you confirm; take any warning seriously. A small test payment is worth it for large sums despite the extra fee.

International transfers from Syndicate Bank: the real cost

When you transfer money abroad through Syndicate Bank, the fee you see is only part of the cost. On top of a fixed fee, correspondent or intermediary banks may take a cut, and if the money changes currency, the bank often applies a rate that is less favourable than the real market rate.

Many banks do not show the margin on the rate separately. A simple test: put the rate you get next to the mid-market rate and look at the difference.

Specialist money transfer services frequently offer a rate near the mid-market rate with clearer fees. Before your next transfer, it is worth to compare what arrives via GoldexPay instead of going straight to your bank. Using a transfer service does not require leaving Syndicate Bank.

Receiving money from abroad at Syndicate Bank

If you are waiting for a payment from another country, give the sender everything they need in one go. Give them your name as the bank knows it, your account number or IBAN, SWIFT code SYNBINBBXXX and your address, which some banks require.

The sender’s bank might also ask for the address of your bank, in which case the Mumbai head office is the usual answer. Double-check the details before you send them.

The amount you receive is often lower than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. Agree with the sender who covers the fees.

Paying into Syndicate Bank in INR

India pays in the Indian Rupee. A payment in a foreign currency will be exchanged into INR before it reaches the account. 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. Sending the money directly in INR usually prevents a second conversion by Syndicate Bank, provided the rate you get is fair.

The INR rate changes constantly, so the amount you see is usually only valid for a short time. If you pay regularly, small differences in the rate add up over time.

SYNBINBB or SYNBINBBXXX – which one to use?

The layout of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. Combined, those parts form SYNBINBB – the version you usually see online.

XXX at the end of SYNBINBBXXX is not a placeholder or a mistake: it indicates the main office of Syndicate Bank. Some banking apps ask for 11 characters, and then you can enter XXX after SYNBINBB.

Do not add spaces, dots when you type SYNBINBB or SYNBINBBXXX. Watch for the letter O and the digit 0 and the letter I and the digit 1.

Transfer times and tracking a payment to Syndicate Bank

An international transfer usually needs one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country add a day or more. Sometimes a bank asks about the purpose of a payment.

When a payment takes longer than expected, contact your bank about the status. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

If a payment has not arrived within the expected time, the sender needs to start with their own bank. As a recipient, it helps to check your statements to see a slightly lower amount because fees can reduce the amount.

Head office or branch code at Syndicate Bank?

With 127 codes in 63 locations, Syndicate Bank is one of the banks that register separate codes for parts of the organisation. The main code remains SYNBINBBXXX.

If nobody asks you for a branch code, use SYNBINBBXXX. A branch code only makes sense when the recipient’s bank explicitly mentions it.

The safest route is to take the code straight from the recipient’s statement. Branch codes can change over time, so do not rely on old paperwork.

Protect yourself against fake payment requests

Fraudsters regularly send payment requests containing new bank details sent from what looks like a familiar address. That SYNBINBB is a real code is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Never rely on contact details from the same email that contains the change. Urgency or secrecy are red flags – a real supplier can wait a day. When money has already gone to the wrong account, call your bank right away.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference. Do not act before the money has really arrived and check with Syndicate Bank if anything seems off.