Sbi (Mauritius) LTD SWIFT/BIC code

Sbi (Mauritius) LTD SWIFT code: INILMUMU

INILMUMU and INILMUMUXXX are two ways of writing the same bank identifier, and both lead to Sbi (Mauritius) LTD in Port Louis. A SWIFT code tells the sending bank which institution should receive the money, a bit like a postal address for banks. It comes up mainly for transfers between countries.

This page is meant to help anyone who pays into an account at Sbi (Mauritius) LTD. Keep in mind that the BIC only identifies the bank, not the person: the IBAN or account number takes care of that.

Incoming international payments to Sbi (Mauritius) LTD

To receive an international payment into your account at Sbi (Mauritius) LTD, the sender needs more than the BIC. Give them your name as the bank knows it, the IBAN or account number, the BIC INILMUMUXXX and your address, which some banks require.

You can include the bank name and Port Louis too, because some payment forms have separate fields for them. Check the details before you send them, because the sender’s bank usually copies them as is.

An incoming payment will not always arrive in full. Correspondent banks can take a fee, Sbi (Mauritius) LTD may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who pays which costs before the money is sent.

INILMUMU or INILMUMUXXX – which one to use?

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. In this case, that core is INILMUMU.

XXX at the end of INILMUMUXXX does not stand for a placeholder or a mistake: it stands for the head office of Sbi (Mauritius) LTD. Certain payment forms insist on 11 characters, in which case you can add XXX after INILMUMU.

Leave out spaces, dots when you type INILMUMU or INILMUMUXXX. Look out for the letter O and the digit 0 and I versus 1.

How long does an international transfer to Sbi (Mauritius) LTD take?

There is no fixed delivery time: some land within a day, others take several business days. Transfers sent after the cut-off time or just before weekends and holidays usually start a business day later. Compliance checks on larger or unusual payments may also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

If the money does not arrive within the expected time, the sender should start with the bank that sent it, not the receiving bank. On the receiving end, it helps to check your account to see a slightly lower amount, since fees may have been deducted.

Is INILMUMU still correct? How to check

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check it against INILMUMU on this page; if they differ, ask before you pay.

Errors in the SWIFT code tend to be costly rather than disastrous. Do not forget the IBAN: a mistake there is harder to undo than a wrong BIC.

An automatic check by your bank merely tells you that the code is valid – not that it belongs to the person you mean to pay. More and more banks check the name with the account – do not ignore a mismatch warning. For a first payment, many people send a small test amount before sending the rest.

Scams that use SWIFT codes

Criminals regularly send payment requests with changed bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust a phone number from the same email that announces the new account. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Already paid? Contact your bank straight away and have them try to recall the payment and report the fraud.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. Wait until the money is actually in your account and check with Sbi (Mauritius) LTD if anything seems off.

How up to date is this code?

We collect SWIFT/BIC codes from publicly available data and update them regularly. Banks merge, close branches and change codes, and a directory never catches every change immediately. The figures we show are based on what is in our directory, not official figures from Sbi (Mauritius) LTD.

Treat our directory on this page as a handy check, and let the details from the recipient or Sbi (Mauritius) LTD have the final say. GoldexPay is an independent comparison service for money transfers and not affiliated with Sbi (Mauritius) LTD. Spotted an error? Let us know via our contact form.

Choosing between the 2 SWIFT codes of Sbi (Mauritius) LTD

Having 2 codes, Sbi (Mauritius) LTD belongs to the banks that use separate codes for branches. The main code is INILMUMUXXX.

If nobody asks you for a branch code, go with INILMUMUXXX or its short form INILMUMU. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, check with the recipient which code their bank gave them. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

What a transfer from Sbi (Mauritius) LTD abroad really costs

A bank transfer abroad costs more than the listed fee. On top of the transfer fee, correspondent or intermediary banks can take a cut, and when the money changes currency, the bank often applies a rate that is less favourable than the real market rate.

The markup on the rate is often the largest cost, and it is easy to miss. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites.

Specialist money transfer services frequently offer rates closer to the mid-market rate. GoldexPay lists transfer providers next to each other so you can see what actually arrives. You can always keep your account at Sbi (Mauritius) LTD to fund the transfer, while a cheaper service handles the conversion.