What is the SWIFT code for The South Indian Bank LTD?

TransferWise
26.06.18
2 minute read

Sending money internationally almost always involves the SWIFT system, which is how banks send messages to one another safely and accurately, ensuring your money ends up in the right place. However, did you know that you can save on international transfers with TransferWise?

What’s the SWIFT code for The South Indian Bank LTD in India?

The BIC/SWIFT code for The South Indian Bank LTD is SOININ55.¹

You’ll need that code (and make sure it’s correct!) if you ever want to transfer money from overseas into an account at The South Indian Bank LTD, or receive money from overseas into your own account at The South Indian Bank LTD. You may also need some or all of the following information:

Bank NameThe South Indian Bank LTD
SWIFT/BIC Code for South Indian Bank LTDSOININ55¹
Bank address, city & stateAddress for the specific branch you are using
Beneficiary account numberComplete South Indian Bank LTD bank account number of the recipient (including leading zeros)
Beneficiary nameThe name on the recipient’s account as it appears on one of their bank statements

What’s a SWIFT Code?

SWIFT codes are also sometimes referred to as Bank Identifier Codes, BIC or SWIFT/BICs. They are international bank codes that can be used to identify banks and financial institutions anywhere in the world, even down to one particular branch. Since the SWIFT code contains all the information you need to find a specific bank, it’s used to send and receive international transfers, because it ensures the money ends up in the right place (that is, as long as you use the correct code!).

A SWIFT code is 8-11 characters, formatted like this: AAAABBCCDDD.

AAAA: Bank code

BB: Country code

CC: Location code

DDD: Optional branch code

What’s the difference between a SWIFT code, a BIC, an IBAN and a routing number?

SWIFT/BIC are codes used to identify specific banks and financial institutions around the world. Routing numbers are pretty similar, but they don’t work globally — they only identify banks and financial institutions in the US. International Bank Account Numbers (IBAN) are only used in the EU, Norway, Switzerland, Liechtenstein and Hungary to identify individual bank accounts.²

Do SWIFT codes change from branch to branch?

Yes, so use this tool to look up the correct SWIFT code for your South Indian Bank LTD branch. It’s important to be accurate with SWIFT codes, so if you aren’t sure, just use the general code, since it will work for all branches.

What other ways can I send or receive money to my South Indian Bank LTD account?

Want to try something new to send and receive money across borders? How about TransferWise? TransferWise can move money international quickly and safely, but often costs less than banks and other transfer services, since there are no hidden fees or exchange rate markups. Each transfer just costs one small fee that you approve upfront. Plus, TransferWise offers borderless multi-currency accounts, making it easier than ever to send, receive and manage money all over the world. Try it today to see for yourself.

Sources:

¹https://www.southindianbank.com/content/personal-banking/swift-centres/229/

TransferWise is the smart, new way to send money abroad.

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