UBS Securities India Private Limited SWIFT/BIC code

What USIPINB1 means for a payment to UBS Securities India Private Limited

Whether you are given USIPINB1 or USIPINB1XXX, it is the same identifier for UBS Securities India Private Limited in India. The code does one job: it makes sure that a cross-border transfer reaches the right bank. You will need it mostly when dealing with transfers between countries or a currency.

On this page we explain what the code means, when it matters and what else you need for a transfer to or from UBS Securities India Private Limited. The SWIFT code alone does not identify an individual account holder; for that you need the account number or IBAN .

The Indian Rupee and what conversion costs you

Most accounts at UBS Securities India Private Limited are typically held in INR, the national currency. If you send money in a different currency, the amount gets converted at some point: by your bank, an intermediary or UBS Securities India Private Limited itself. You rarely see a separate line for the conversion; it is built into the rate.

Where the conversion happens affects how much arrives, since every bank sets its own rate. Check how much INR arrives via different services before choosing one.

The rate for INR changes throughout the day. With bigger transfers, even seemingly small difference in the rate can be worth more than the fee.

Incoming international payments to UBS Securities India Private Limited

Someone abroad who wants to pay you will ask for several details from you. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code USIPINB1XXX (or USIPINB1) and sometimes your postal address.

Their bank may also ask for the address of your bank, in which case the Mumbai head office is the usual answer. A typo in the IBAN is more trouble than it looks.

Expect that the amount credited is below what the sender paid. Correspondent banks can take a fee, UBS Securities India Private Limited may charge for incoming payments, and when currencies differ, a markup on the rate applies. Make clear with the sender who covers the fees before the money is sent.

Protect yourself against fake payment requests

Stay wary if someone suddenly asks you to pay into a different account abroad. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Do not trust a phone number in the same message that contains the change. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Contact your bank without delay and ask them to start a recall and report the fraud.

Fraud can also work the other way: someone claims to have sent more than agreed and wants you to return the extra via a different route. A payment confirmation from the sender proves nothing – check your own account.

Paying someone abroad from your UBS Securities India Private Limited account

A bank transfer abroad costs more than the fee suggests. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup.

Banks do not show their exchange rate markup separately. A simple test: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a specialist provider is less expensive than a bank – mostly thanks to the rate. Next time you send money, it is worth comparing the total cost via GoldexPay instead of going straight to your bank. Using a transfer service does not require leaving UBS Securities India Private Limited.

Where our SWIFT data comes from

This directory is compiled from publicly available sources and we update it periodically. Institutions reorganise, change names and change codes. Counts and locations come from our own dataset.

Treat the information here as a handy check. We are an independent comparison service and not affiliated with UBS Securities India Private Limited. If you notice something that is out of date, we appreciate a short note via the contact page.

How to check USIPINB1 before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from USIPINB1 or USIPINB1XXX, stop and ask – contact the recipient or UBS Securities India Private Limited.

Mistakes in the SWIFT code tend to be annoying rather than fatal. A mistake in the account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

An automatic check by your bank only confirms that the code exists, not that it is the right account. Where available, a name check on the recipient gives extra certainty. When you pay someone new, some people send a small amount first and wait for confirmation.

Choosing between the 2 SWIFT codes of UBS Securities India Private Limited

Our directory lists 2 SWIFT/BIC codes for UBS Securities India Private Limited, spread over 1 cities. Besides the head office code USIPINB1XXX, there are codes for branches, departments or specific services.

Usually you do not need to look up a branch: transfers addressed to USIPINB1XXX reach UBS Securities India Private Limited without problems. When you receive a specific code, stick to it instead of replacing it with the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more prone to change than USIPINB1XXX when a bank merges or closes offices.

8 or 11 characters: USIPINB1 versus USIPINB1XXX

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. Together, these eight characters form USIPINB1 – the version you usually see online.

Many banks and apps accept both lengths. If a form asks for eleven characters, enter USIPINB1XXX.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Look out for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

Transfer times and tracking a payment to UBS Securities India Private Limited

How fast a transfer reaches UBS Securities India Private Limited is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Payments made after the cut-off time or just before a weekend or public holiday usually start the next business day. Compliance checks by one of the banks may also add some delay, even when all details are correct.

When a payment takes longer than expected, contact your bank for the tracking status so they can trace it along the chain. Keep the payment confirmation until the recipient confirms.

A delayed transfer has to be investigated by the sending bank on the basis of the transfer details. Ask the sender for a copy of the payment confirmation.