What is a SWIFT Code (BIC Code)?

A SWIFT code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Business Identifier Code) is an 8 or 11-character alphanumeric code used globally to identify banks and financial institutions during international wire transfers and foreign money remittances.

What SWIFT code should I use if my bank branch does not have one?

In India, individual retail branches do not need their own unique SWIFT code. You should use the bank's Central Head Office SWIFT Code (or regional Forex branch code) along with your individual branch IFSC code and your bank account number. The receiving bank will convert the currency and route it directly into your local account.

International Banking & Wire Transfers

Shinhan Bank SWIFT Code: SHBKINBB

Find verified SWIFT / BIC codes for foreign inward remittances and international wire transfers across 4,300+ Indian bank forex branches.

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📍 Authorized Forex Branch SWIFT Code

Shinhan Bank

Forex / Overseas Branch • MUMBAI

Official SWIFT / BIC Code

SHBKINBB

SWIFT Code Anatomy Breakdown

SHBK
Bank Code
Shinhan Bank

Country Code

India (IN)

Location Code

MUMBAI

XXX
Branch Code
Head Office / Central

Bank & Branch

Shinhan Bank

Forex / Overseas Branch

Location Address

MUMBAI

Authorized Foreign Exchange (Forex) Branch, MUMBAI, India

Forex & Customer Helpline

1800 1200 1200

Call Bank Support

Instructions for International Inward Wire Remittance:

When someone transfers foreign currency to your Shinhan Bank bank account from abroad (USA, UK, Canada, UAE, Europe, etc.), provide them the following details:

1. Beneficiary Name: Your Name as on Account

2. Account Number: Your Bank Account Number

3. SWIFT / BIC Code: SHBKINBB

4. Branch IFSC Code: Your local branch IFSC

Bank Branches Operating Under SWIFT Code SHBKINBB

All 8 retail branches of Shinhan Bank route inward international remittances through this SWIFT / BIC network.

Branch Name	City / Center	District	State	IFSC Code	Branch Contact	Action
AHMEDABAD BRANCH	AHMEDABAD	AHMEDABAD	GUJARAT	SHBK0000008	+91 79710 00000	View Branch
NEW DELHI BRANCH	DELHI	NEW DELHI	DELHI	SHBK0000004	+91 11450 00000	View Branch
MUMBAI BRANCH	MUMBAI	MUMBAI	MAHARASHTRA	SHBK0000002	9122	View Branch
MUMBAI BRANCH	MUMBAI	MUMBAI	MAHARASHTRA	SHBK0000003	9122	View Branch
Shinhan Bank IMPS	MUMBAI	MUMBAI	MAHARASHTRA	SHBK0000001	9122	View Branch
PUNE BRANCH	PUNE	PUNE	MAHARASHTRA	SHBK0000006	+91 20670 00000	View Branch
RANGA REDDY BRANCH	RANGA REDDY	RANGA REDDY	TELANGANA	SHBK0000007	+91 40660 00000	View Branch
POONAMALLEE	THIRUVALLUR	POONAMALLEE	TAMIL NADU	SHBK0000005	+91 44670 00000	View Branch

Understanding SWIFT / BIC Codes in India

The SWIFT Code (Society for Worldwide Interbank Financial Telecommunication) or BIC Code (Business Identifier Code) is an internationally recognized 8 or 11-character identifier assigned to banks and financial institutions worldwide. While Indian domestic transactions utilize the 11-digit IFSC code (for NEFT, RTGS, IMPS, and UPI), any cross-border financial transfer entering or exiting India requires an authorized SWIFT code.

Bank Code (4 Characters)

The first 4 letters represent the financial institution (e.g. SBIN for State Bank of India, HDFC for HDFC Bank, ICIC for ICICI Bank).

Country & Location (4 Characters)

The next 2 characters are always IN for India, followed by 2 alphanumeric characters identifying the city/region (e.g. BB for Mumbai, DD for Delhi).

Branch Code (3 Characters)

The optional final 3 characters identify a specific dealing unit. When omitted or marked as XXX, it refers to the primary Head Office.

Frequently Asked Questions (FAQ)

1. What should I do if my local bank branch does not have its own SWIFT Code?

In India, over 95% of individual retail branches do not have their own unique SWIFT code issued by SWIFT. You should use the bank's Central Head Office SWIFT Code (e.g. SBININBBXXX for SBI) or your circle's authorized Forex branch SWIFT code. The sending bank abroad will route funds to India using this SWIFT code, and the central clearing system will credit your exact account using your branch's IFSC Code.

2. What is the difference between SWIFT Code, IFSC Code, and MICR Code?

- IFSC Code (11 digits): Used for domestic electronic transfers inside India (NEFT, RTGS, IMPS, UPI).
- MICR Code (9 digits): Used for automated clearing and physical cheque processing.
- SWIFT / BIC Code (8 or 11 characters): Used for cross-border international remittances from foreign countries into India.

3. What information does an overseas sender need to wire money to my account in India?

The sender will need your Full Name (as per your bank records), your Bank Account Number, your Bank's SWIFT / BIC Code, your Branch's IFSC Code, and the Bank Name and City.