Bank of India SWIFT/BIC code

What BKIDJPJT means for a payment to Bank of India

BKIDJPJT and BKIDJPJTXXX are the short and the long form of the same SWIFT/BIC code, and both point to Bank of India in Tokyo. A BIC has a single purpose: it makes sure that an international payment reaches the right bank. In daily life you mostly see it on invoices from abroad, in your banking app and in the bank details of Bank of India customers.

Below we go through the practical side: money coming in from abroad, paying someone in another country and how to check the code before you hit send. A SWIFT code names a bank or branch, not a single account, which is why you always need the account number too.

A note on our data

We gather bank codes using publicly available data and update our list from time to time. It is possible that information here is out of date. The number of codes on this page are based on our own data and not on information from Bank of India itself.

Treat this page as a reference, not as the final word. GoldexPay is a comparison service and not part of Bank of India. If you notice something that is out of date, we welcome a message.

How to check BKIDJPJT before you pay

Ask the recipient to send you the bank details straight from their banking app. When the code you were given does not match BKIDJPJT or BKIDJPJTXXX, do not guess: check with the recipient or with Bank of India directly.

An incorrect BIC may lead to a delay, a returned payment or additional charges. Remember the account number: an error there can be more difficult to undo than a wrong BIC.

Many banking apps validate the format of IBANs – that confirms the format, not the owner. Where available, a payee name check before sending adds extra certainty. A small test payment is worth it for large sums, even if it costs an extra fee.

Receiving money from abroad at Bank of India

To receive an international payment at Bank of India, the sender has to have more than the SWIFT code. Share your name as the bank knows it, the IBAN or account number, SWIFT code BKIDJPJTXXX and your address.

It helps to include the bank name and Tokyo too. Check each detail before you share them, because the sender’s bank usually copies them as is.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. For business payments, it is common to state how the fees are split.

Which of the 2 codes of Bank of India do you need?

Having 2 codes, Bank of India is one of the banks that use individual codes for branches. The head office code remains BKIDJPJTXXX.

In most cases there is no need to look up a branch: transfers sent to BKIDJPJTXXX are routed within Bank of India without problems. Branch codes are only needed if the recipient’s bank specifically mentions it, which is more common for corporate accounts and trade services.

Not sure which code applies? Check with the recipient or the bank itself. Branch codes are more prone to be retired than the head office code.

Scams that use SWIFT codes

One of the most common tricks goes like this: an email arrives with a message saying that a company has new bank details. That BKIDJPJT is a real code does not mean that the account is genuine; criminals use the codes of real banks too.

Check changed bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Pressure and secrecy tend to be warning signs; a genuine business can wait for you to check. If money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference to another account. Do not act before the money has really arrived.

Paying into Bank of India in JPY

Accounts at Bank of India are typically held in JPY, the local currency. A payment in a foreign currency is converted into JPY, and whoever converts it chooses the rate. There is rarely a separate line for that conversion.

Which bank converts the payment matters. Often it is cheaper if you send JPY directly via a provider with a good rate.

The rate for JPY changes constantly, so the amount you see is usually only valid for a short time. With bigger transfers, a small gap in the rate adds up quickly.

What the XXX in BKIDJPJTXXX means

The structure of a BIC never changes: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. Together, those parts make up BKIDJPJT – the version you usually see online.

XXX at the end of BKIDJPJTXXX does not stand for a placeholder or a mistake: it indicates the head office of Bank of India. Some forms ask for 11 characters, in which case you simply add XXX after BKIDJPJT.

Type the code in one piece, in capitals and without spaces. A single letter may route the money to another bank.

Sending money abroad from Bank of India

If you transfer money abroad from Bank of India, the fee you see is only part of what you pay. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup if the currency changes.

The markup on the rate is often the biggest cost even though it is not listed as a fee. 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 many currency pairs, a specialist provider is less expensive than a bank, mainly because of the exchange rate. GoldexPay lists transfer providers side by side, showing the amount the recipient gets before you commit. Using a transfer service does not mean leaving Bank of India – you pay the provider from your own account.

When will the money arrive at Bank of India?

An international transfer usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country can add extra days. Sometimes a bank wants to know about the purpose of a payment.

When a payment takes longer than expected, ask your bank about the tracking status or the UETR. Save the payment confirmation; it contains the details a bank needs to start a trace.

A missing payment is investigated from the sending side. Request from the sender a copy of the payment confirmation including the reference.