IDBI Bank SWIFT Code: Full List of IDBI Bank SWIFT Codes in India

The International Organization for Standardization (ISO) introduced an 8-11 character code to ensure security in the global banking and messaging system. Known as the SWIFT code, it facilitates international transactions and communications among banks from all across the world. 

In this article, we will walk you through a comprehensive guide on the IDBI Bank SWIFT code, highlighting all the associated details that you need to know. 

What Is the SWIFT Code of IDBI Bank? 

The SWIFT code of IDBI Bank, also known as BIC Number, is a unique code allocated by the International Organization for Standardization (ISO) in a standardised format to all bank branches to identify them globally. The IDBI Bank SWIFT code is in the format of IBKLINXXXXX. It serves as an international code, representing a bank’s identity and location. 

Importance of SWIFT Code for IDBI Bank

Regardless of your location worldwide, a SWIFT code is needed to send or receive funds overseas through IDBI Bank. Without this code, international transactions are not processed. This is the primary role of SWIFT codes in any bank. Additionally, SWIFT codes facilitate secure and accurate communication between branches of IDBI Bank and other banks within the vast global network.

Is the SWIFT Code the Same for All Branches of IDBI Bank? 

Some Indian banks use a similar SWIFT code for all their branches, while others have a unique code for each branch. Additionally, some banks may require different SWIFT codes for different types of transactions. 

In the case of IDBI Bank, a different SWIFT code is assigned to each branch. The exact SWIFT code may depend on the branch of IDBI Bank that holds the account you are sending payments to. Therefore, it is advisable to verify the correct IDBI Bank SWIFT code based on the location of its branch and the type of payment you are making.

IDBI Bank SWIFT Code Structure and Format

The IDBI Bank SWIFT code structure consists of 8-11 characters, formed by combining 4 smaller codes into one. Its format includes the bank code, country code, location code and branch code.

Let us discuss these 4 codes in detail that form the IDBI Bank SWIFT code:

• Bank code: It consists of 4 letters that you first find in the SWIFT code. As the name suggests, a bank code is a shortened version of the bank’s name which represents the identity of the bank in the vast global network. 
• Country code: The country code comes after the bank code in the SWIFT code. It is a 2 letter code that represents the country in which the bank is located. 
• Location code: After the country code, you will find the location code which is of 2 characters. This code could be either in numbers or letters. It represents the location of the bank’s head office.  
• Branch code: The IDBI Bank SWIFT code ends with the branch code which is a 3 digit-code, representing a particular branch of the bank. 

Example of IDBI Bank SWIFT Code     

Take a look at the following example of IDBI Bank SWIFT code to better understand its structure and format:

List of IDBI Bank SWIFT Code in India

Here is a list of IDBI Bank SWIFT codes of some of the branches in India:

There are primarily two uses of IDBI Bank SWIFT codes:

• Bank customers use this code to transfer funds to another bank outside their country or initiate international or SEPA payments.
• Bank representatives may use this code to exchange messages with other banks globally. 

How to Find the SWIFT Code of IDBI Bank? 

Most banks in India provide the SWIFT code details in the customer's account statement. To find the IDBI Bank SWIFT code, you can refer to the account statement obtained physically from the branch or visit the official website. 

Alternatively, you can consult a bank representative directly and ask them to provide you with the SWIFT code of the branch you need.

If you are not comfortable with the methods mentioned above, you can obtain the applicable code from a SWIFT code finder tool, which is easily accessible on various online platforms.

When sending or receiving money, it is in your best interest to verify the applicable IDBI Bank SWIFT code by consulting a bank representative. Using the correct SWIFT code is crucial as an incorrect one can delay your payment. In case you find out that you used the wrong SWIFT code for making international transactions, you must contact the recipient or the bank immediately.  

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