Free directory of all 72 correspondent bank SWIFT/BIC codes registered in INDIA. Click any bank to view its full record and track an international SWIFT payment routed through it.
India's RBI-operated RTGS processes INR settlements 24×7 since December 2020, and the UPI (Unified Payments Interface) instant payment network has made India the world's single largest real-time payments market by transaction count. SBI (State Bank of India), HDFC Bank, ICICI Bank, and Axis Bank are the primary SWIFT correspondents for cross-border remittances — the world's largest by volume, driven by India's 18-million-strong global diaspora sending over $125 billion annually.
| RTGS / Settlement System | RTGS (Reserve Bank of India Real-Time Gross Settlement) |
|---|---|
| Currency | INR — Indian Rupee |
| Central Bank | Reserve Bank of India (RBI) |
| Typical SWIFT Timing | 1–3 days (international SWIFT) |
Provide the IFSC code (11-character Indian Financial System Code), the account number, the bank and branch name, and the SWIFT/BIC code. The IFSC uniquely identifies the branch and is mandatory for all inward remittances.
Most inward remittances to India arrive in 1–3 business days. Wires in USD or EUR typically route via a correspondent in New York or Frankfurt before reaching the Indian beneficiary bank. RBI regulations require Indian banks to credit inward remittances within 2 business days of receipt.
There are no restrictions on receiving foreign currency in India. However, under FEMA (Foreign Exchange Management Act) rules, the funds must be declared for the specific permitted purpose (remittance, trade payment, investment, etc.). Large transfers may require documentation.
Total correspondent banks indexed: 72