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The swift code for SBI is generally "SBININBBXXX". The "XXX" at the end denotes the specific branch code.
No, the SWIFT code varies for each SBI branch.
You can find the Swift code for your SBI branch on the SBI account statement, passbook, or by contacting your branch directly.
The 'SBIN' represents the bank code, which is the State Bank of India. 'IN' represents the country code, India. 'BB' denotes the location code, which indicates Mumbai (head office). 'XXX' represents the primary office (no specific branch). NRIs use this default for NRE/NRO remittances when the branch code is not available.
No, the SWIFT and IFSC codes are not the same. SWIFT code consists of 8-11 characters and is used for international payments. Conversely, the IFSC code consists of 11 characters and is used for domestic transfers within India. While SWIFT identifies banks globally, IFSC identifies specific Indian branches for services like NEFT/RTGS.