SWIFT Code of SBI: Full List of SBI SWIFT Codes in India

Whether you send funds internationally or receive them, an 8 to 11-characters SWIFT code is essential to complete the transfer smoothly. Banks also use this code to exchange messages between them. Like any other Indian banks, SBI also has its own SWIFT codes.

If you are an SBI customer looking for what is SWIFT code of SBI, go through the following sections.

Is SWIFT code same for all branches of SBI?

The alpha-numeric code used by the State Bank of India (SBI) to facilitate international transactions is the SBI SWIFT code. There are different SWIFT codes of SBI for different banking services. 

For each branch of SBI, there is a different SWIFT code. Banks may ask you for a different SWIFT code for a different types of transactions. It may depend on the branch of SBI that holds the account you are making transactions to. Thus, you should check proper SWIFT code of SBI according to the type of payment.

You can take help of tools or simply check your bank statement to know correct SWIFT code for the transaction you are making. If you still can’t find correct code, consider using the head office SWIFT code to complete your transaction.

How do I find the SWIFT code?

Here are some of the easiest ways to find out the SWIFT code:

1. One of the easiest ways to know SWIFT code is by calling your respective bank and asking for it. Bank representatives will help you with the required code and guide you through the steps needed to make transaction. 
2. You can simply log in to your bank’s website and search from the SWIFT codes listed on their portal.
3. Another easy way to know your bank’s SWIFT code is from your bank statement. You can check out recent bank statements from the online portal or paper statements. 
4. If you are sending money to an account holder of a different bank, you can ask them for the SWIFT code of the respective bank or its branch. However, you can also check online if you know their bank’s name.
5. There are several websites, particularly for SWIFT codes. You can find the required SWIFT by simply entering the bank and country’s name in the right box.

Is SWIFT same as bank code?

Bank code is usually the first four letters in a SWIFT code representing the bank’s name. For instance, if a SWIFT code of SBI is SBIN IN BB 455, here SBIN stands for bank code.

Thus, bank code is just a part of the 11-character Society for Worldwide Interbank Financial Telecommunication (SWIFT) code.

Is the SWIFT code same as IFSC code?

Here are some basic differences between a SWIFT code and an IFSC code:

1. SWIFT code stands for Society for Worldwide Interbank Financial Telecommunication and is developed by International Organisation for Standardisation. However, IFSC stands for Indian Financial System Code and is developed by the Reserve Bank of India.
2. Banks use SWIFT codes for transferring money from one bank to another, more precisely in the case of international transactions. Besides it is also used to transfer messages between different banks. However, IFSC is a branch-specific code required to transfer funds from one bank account to another within the country.
3. SWIFT code helps all global banking institutions receive financial transaction-related information easily. You must know and use this SWIFT code while making financial transactions. On the other hand, you need to know the IFSC code for NEFT or RTGS within a specific country while transferring funds. It will help transfer the funds directly to the selected beneficiary’s account.
4. SWIFT is generally an 11-digit, but primary office SWIFT codes are of eight characters, where the first four characters represent a bank or financial institution code. The next two represent ISO country codes, and the last two denote location codes.  

However, IFSC is an 11-digit unique code in which the first four characters are alphabetic and represent the bank name. You should never forget that the fifth character of this 11-character code is always a zero, irrespective of the bank and its branch. The last seven characters can be numbers or alpha-numeric as per the bank’s preference. 

What is an example of a SWIFT code?

Let’s take an example of an SBI SWIFT code to explain what each of the characters in this code represents:

For example, the SWIFT code of SBI’s Bhubaneswar main branch is SBININBB270. 

Here, SBIN stands for the bank code. In this case, it is the State Bank of India.

Next comes the country code IN, which represents India.

After that, BB represents the location code, and finally, 270 is the branch code, i.e. Bhubaneswar main branch. So, here’s complete information on SWIFT codes. If you are an SBI account holder, you can check this guide to learn all about SWIFT code of SBI and how to find a code for a specific branch.

List of SBI SWIFT Codes

Here is the complete list of SBI SWIFT codes in India:

Related Articles:
1. Canara Bank SWIFT Code
2. Is SWIFT Code and IFSC Code Same
3. Bank of India Swift Code
4. ICICI Bank Swift Code
5. BOB Swift Code
6. PNB Swift Code
7. Kotak Bank Swift Code
8. Axis Bank Swift Code
9. HDFC Bank SWIFT Code