State Bank of India Swift Code: A Comprehensive Guide

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The State Bank of India (SBI) is one of the largest banks in India, with a long history dating back to 1806.

SBI has a unique SWIFT code, which is used for international transactions.

The bank's SWIFT code is SBININBB104, and it's essential to use this code when sending or receiving international funds.

This code is used to identify the bank and its location, making it a crucial part of the international banking process.

What is a BIC Code?

A BIC Code, also known as a SWIFT code, is a unique identifier for a bank or financial institution.

It's used globally to identify financial institutions and banks during international transactions, ensuring that funds are sent to the correct place. A SWIFT code is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO).

You can find your State Bank OF India SWIFT code on your bank statement, by logging into your online banking account, or by contacting State Bank OF India directly. It's also often listed on the official State Bank OF India website under banking information or help sections.

SWIFT codes are used to move money around the world via international bank transfers. For instance, if you want to send money to STATE BANK OF INDIA, you would need the SWIFT code SBININBB379, plus the recipient's IBAN number.

Understanding BIC Code Details

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A SWIFT/BIC code is made up of 8-11 characters that identify your country, city, bank, and branch. It's usually a combination of letters and numbers that help facilitate international money transfers.

The bank code is the first part of the SWIFT/BIC code, and it's made up of 4 letters that represent the bank. It's often a shortened version of the bank's name, like "SBIN" for State Bank of India.

Here's a breakdown of the different parts of a SWIFT/BIC code:

  • Bank code: A-Z4 letters representing the bank.
  • Country code: A-Z2 letters representing the country the bank is in.
  • Location code: 0-9A-Z2 characters made up of letters or numbers, indicating where the bank's head office is.
  • Branch Code: 0-9A-Z3 digits specifying a particular branch, with 'XXX' representing the bank’s head office.

What's My Code?

You can find your State Bank OF India SWIFT code on your bank statement, by logging into your online banking account, or by contacting State Bank OF India directly.

It's often listed on the official State Bank OF India website under banking information or help sections.

You'll need to have your SWIFT code handy for international money transfers, and it's crucial for routing funds to the correct bank and branch.

Don't worry if you can't find it right away - it's a relatively straightforward process, and you'll be all set to make international transfers in no time.

Code Details

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A BIC code, also known as a SWIFT code, is made up of 8-11 characters that identify your country, city, bank, and branch.

The first part of a BIC code is the bank code, which is a 4-letter code representing the bank, often a shortened version of the bank's name.

The bank code is usually followed by the country code, a 2-letter code representing the country where the bank is located.

The country code is then followed by the location code, which is a 2-character code made up of letters or numbers indicating where the bank's head office is.

The location code is then followed by the branch code, a 3-digit code specifying a particular branch of the bank. 'XXX' represents the bank's head office.

Here's a breakdown of what each part of a BIC code represents:

Questions About BIC Codes

A BIC code is also known as a SWIFT code, which is a unique identifier for a bank or financial institution.

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You can use a BIC code to move money around the world via international bank transfers. For instance, if you want to send money to STATE BANK OF INDIA, you would need the BIC code SBININBB379, plus the recipient's IBAN number.

To make sure you're sending money to the right place, it's a good idea to validate your BIC code before a money transfer.

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Using BIC Codes for International Money Transfers

A BIC (Bank Identifier Code) code is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It's used globally to identify financial institutions and banks during international transactions.

You'll need a BIC code for international money transfers, as it ensures that funds are sent to the correct place. This is especially important when transferring funds to a State Bank OF India bank account.

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A BIC code is crucial for routing the funds to the correct bank and branch, ensuring a secure and efficient transfer process. This is why you need a State Bank OF India SWIFT code for international transfers.

Traditional banks often process international transfers slowly and at a higher cost. But using a Qonto business account for international transactions provides a swift, cost-effective, and secure solution for transferring funds internationally.

The Qonto business account can help you avoid the hassle and expense of traditional banks, making international money transfers easier and more efficient.

Validating and Handling BIC Codes

Validating and handling BIC codes is a crucial step in ensuring that international transactions are processed correctly.

A BIC code, also known as a SWIFT code, is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO).

To validate a BIC code, you can check its format, which usually consists of 8-11 characters to identify the country, city, bank name, and bank branches.

Here's a breakdown of the BIC code format:

If you're sending funds to a State Bank OF India bank account, you'll need the BIC code along with other essential details, such as the account number and recipient's name.

Other BIC Code Information

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If you're sending money internationally, it's essential to get the SWIFT code right to avoid any delays or fees. One financial institution can have multiple SWIFT codes for different branches.

Always double-check with the recipient before sending money to ensure you have the correct SWIFT code. This is because financial institutions may have several different SWIFT codes that differ by just a few letters or numbers.

The format of a SWIFT/BIC code is quite specific, consisting of 8-11 characters to identify the country, city, bank name, and bank branches. Here's a breakdown of what each part of the code represents:

  • First 4 characters - bank identification.
  • 2 characters indicating the bank's country.
  • 2 characters indicating the bank’s location.
  • 3 digits indicating the bank’s branch.

Explaining BIC Code Components

A SWIFT code, also known as a BIC code, is a standard format for Business Identifier Codes (BIC) used by banks and financial institutions to identify themselves globally.

The first 4 characters of a SWIFT/BIC code identify the bank. This is the core of the code, and it's what sets your bank apart from others.

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Here's a breakdown of the different components of a BIC code:

A BIC code is used when transferring money between banks, particularly for international money transfers or SEPA payments. It ensures that funds are sent to the correct place.

Frequently Asked Questions

Is the SWIFT code the same for all branches?

The SWIFT code may be the same for all branches or unique to each branch, depending on the bank. Check with your bank to confirm their specific policy.

How to find bank SWIFT code in India?

Check your bank account statements or use our SWIFT/BIC finder to obtain the code for your transfer. In India, you can also contact your bank directly for assistance with finding your SWIFT code.

What is the swift bic code for sbi?

The SWIFT/BIC code for State Bank of India (SBI) is SBININBBXXX, but note that different codes may apply for specific banking services. Check with your recipient or the bank directly for the correct code.

Allison Emmerich

Senior Writer

Allison Emmerich is a seasoned writer with a keen interest in technology and its impact on daily life. Her work often explores the latest trends in digital payments and financial services, with a particular focus on mobile payment ATMs. Based in a bustling urban center, Allison combines her technical knowledge with a knack for clear, engaging prose to bring complex topics to a broader audience.

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