State Bank of India SWIFT Code: SBININBB

The SWIFT/BIC code for State Bank of India (SBI) is SBININBB. SBIN identifies State Bank of India, IN stands for India, and BB is the location code for Mumbai (Bombay), where the bank's corporate headquarters is located.

SBI is India's largest commercial bank by assets, deposits, and number of branches. It operates over 22,000 branches across India and maintains a presence in 30+ countries. SBI handles a major share of India's inward remittance traffic.

Sending a Wire Transfer to SBI

To send an international wire to an SBI account, you'll need the recipient's full name, their account number, the IFSC code of their specific branch (required for routing within India), and the SWIFT code SBININBB. SBI's corporate center address is State Bank Bhawan, Madame Cama Road, Mumbai 400021, India.

International wires to SBI in INR typically take 2 to 4 business days. USD transfers are credited to the recipient's account after conversion to INR at the prevailing exchange rate. India's Reserve Bank (RBI) requires purpose codes for all inward remittances.

SBI Wire Transfer Fees

SBI charges INR 100 to INR 500 for incoming international wire transfers depending on the amount. Outgoing international wires from SBI cost approximately INR 750 to INR 1,500 plus applicable GST (Goods and Services Tax).

India requires that all international wire transfers include a purpose code that describes the nature of the payment (e.g., P0103 for trade-related payments, P0801 for education). SBI will reject incoming wires that lack a valid purpose code.

How Slash fits in

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State Bank of India SWIFT Code: SBININBB