Find Swift code, BIC Code of (MANDVI BRANCH) Branch of INDIAN OVERSEAS BANK (IOBAINBB052) in MUMBAI, INDIA.

Swift BIC Codes

IOBAINBB052 - Swift Codes or BIC Codes of INDIAN OVERSEAS BANK

Swift Codes (also called Swift-BIC, Swift Number, Swift ID, BIC Code) is a standard format of Business Identifier Codes (BIC). It is used in international money transfers. You can find the Swift Code or BIC Code for any Bank like INDIAN OVERSEAS BANK in any city like MUMBAI using the swift code locator tool below. These codes are maintained and issued by Society for Worldwide International Financial Telecommunication (SWIFT) to major banks and financial institutions across the world which enable these banks to wire transfer money using a unique identification code (SWIFT) without the need to specify a branch number or address.

Bank:INDIAN OVERSEAS BANK
Full Swift Code:IOBAINBB052
BIC Code & Branch Code:IOBAINBB 052
Branch:(MANDVI BRANCH)
City:MUMBAI
Address:GULABI HOUSE 111/115 KAZI SAYED STREET MUMBAI 400003
Country: INDIA

Avoid Hefty Fees:

International wire transfer generally involves a fees both at sending and receiving end. In case of currency conversion, there may be hidden charges because banks would generally give poor conversion rate - these hidden charges can be as high as 3% of the transfer amount. We recommend using service like transferwise for best conversion rates and lower wire transfer fees.

International Money Transfer:
If you want to make an International wire transfer, the sender's bank will ask the Swift BIC Code of the recipient bank along with the account holder's name and account number to initiate the transfer. The first 8 character of the swift code indicates the bank in a particular region e.g. IOBAINBB is the bank code for INDIAN OVERSEAS BANK in INDIA while the last 3 characters indicate the code for a particular branch in this region (here 052 is the code for the branch (MANDVI BRANCH)). XXX indicates the main branch for the bank and is the default case if the last 3 characters are not provided. In most cases, the first 8 characters (here IOBAINBB) is sufficient for initiating International Wire Transfers as the main branch can internally transfer to other branch where the bank account of the recipient is present.

About Swift Code
SWIFT Code stands for Society for Worldwide Interbank Financial Telecommunication code. A SWIFT code is also called BIC Code - Bank Identification Code which is used to identify banks uniquely throughout the world. The SWIFT code is an 8 or 11 alphanumeric characters code that uniquely identifies financial institution. If a SWIFT code is eleven characters, this means that the bank has added a three-digit code to denote a specific branch of a bank.

First 4 characters - Bank Code - Identifies financial institution uniquely (only letters)
Next 2 characters - Country Code (only letters)
Next 2 characters - Location Code (Letters and Digits)
Optional Last 3 characters - Branch Code of a bank ('XXX' for main office) (Letters and Digits)

You can also find a swift code and other details of any other bank by using below navigator.

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Last Update: 14 July 2015 | Powered by: SwiftBICCode.Com | Disclaimer