In an increasingly interconnected world, financial institutions need to offer quick and secure international fund transfers. One of the ways banks facilitate international banking transactions is through the use of SWIFT codes. If you are banking with AU Small Finance Bank Limited and need to send or receive money from abroad, you will require the bank’s SWIFT code. In this article, we will cover everything you need to know about the SWIFT code of AU Small Finance Bank, along with a list of branch-specific SWIFT codes in table form.
What is a SWIFT Code?
A SWIFT code (also known as a BIC – Bank Identifier Code) is a unique alphanumeric identifier that is used to identify a specific bank or branch when making international transactions. It facilitates secure and standardized communication between banks across borders.
The SWIFT code is an 8 or 11-character code structured as follows:
- First 4 characters: Bank code (only letters)
- Next 2 characters: Country code (only letters)
- Next 2 characters: Location code (letters and digits)
- Last 3 characters (optional): Branch code (letters and digits)
For example, a typical SWIFT code for AU Small Finance Bank would look like this:
AUBLINBBXXX
Breaking it down:
- AUBL: Represents AU Small Finance Bank
- IN: Refers to India
- BB: Location code (specific to the head office or primary branch)
- XXX: Identifies the main branch or head office (optional, can be left out for the main office)
Why Do You Need a SWIFT Code for AU Small Finance Bank?
When transferring funds internationally, the SWIFT code is an essential element for a smooth transaction. Whether you are sending money to a recipient overseas or receiving payments from an international source, the SWIFT code ensures the correct bank receives the payment. Here’s why it’s important:
- Global Identification: It uniquely identifies your bank on an international platform.
- Security: It adds a layer of security in cross-border transactions.
- Efficiency: SWIFT codes help prevent delays and errors in the transaction process by providing precise information.
- Standardization: SWIFT is an internationally accepted system, making it easy for banks worldwide to collaborate.
AU Small Finance Bank: A Brief Overview
AU Small Finance Bank Limited is one of India’s leading small finance banks. Originally established as AU Financiers in 1996, it became a small finance bank in 2017 under the Reserve Bank of India’s new guidelines to help promote financial inclusion. AU Small Finance Bank serves a wide range of clients including retail customers, MSMEs (Micro, Small, and Medium Enterprises), and businesses.
It provides a range of banking services, including savings and current accounts, loans, insurance, and investment services. For customers who need to carry out international transactions, AU Small Finance Bank uses the SWIFT system to facilitate cross-border payments.
SWIFT Codes for AU Small Finance Bank Branches
Currently, AU Small Finance Bank has its primary focus on domestic operations, and as such, its SWIFT network is not as widespread as other larger financial institutions. However, here are the known SWIFT codes for AU Small Finance Bank’s major branches:
| Branch | SWIFT Code | Location |
|---|---|---|
| AU Small Finance Bank, Jaipur Main Branch | AUBLINBBXXX | Jaipur, India |
| AU Small Finance Bank, Mumbai Branch | AUBLINBBMUM | Mumbai, India |
| AU Small Finance Bank, Delhi Branch | AUBLINBBDEL | Delhi, India |
| AU Small Finance Bank, Ahmedabad Branch | AUBLINBBAHM | Ahmedabad, India |
| AU Small Finance Bank, Bangalore Branch | AUBLINBBBLR | Bangalore, India |
| AU Small Finance Bank, Hyderabad Branch | AUBLINBBHYD | Hyderabad, India |
| AU Small Finance Bank, Kolkata Branch | AUBLINBBKOL | Kolkata, India |
| AU Small Finance Bank, Pune Branch | AUBLINBBPNQ | Pune, India |
| AU Small Finance Bank, Chennai Branch | AUBLINBBCHN | Chennai, India |
This table includes some of the main branches that use SWIFT codes for international transactions. The code for each branch varies slightly to distinguish between locations.
How to Find Your SWIFT Code for AU Small Finance Bank?
If you are unsure which SWIFT code to use for a specific branch, there are several ways to find it:
- Bank Statement: The SWIFT code is often printed on your bank statement.
- Official Bank Website: You can find SWIFT codes for branches on the official AU Small Finance Bank website.
- Branch Inquiry: You can visit your local branch or contact them by phone or email to request the SWIFT code.
- SWIFT Online Directories: Some websites list SWIFT codes for banks globally. However, it’s always best to confirm the SWIFT code with your bank directly.
Common Uses of a SWIFT Code
- Receiving International Payments: If you are receiving money from abroad, the sender will need your AU Small Finance Bank account details and the SWIFT code of your branch.
- Sending Money Abroad: If you are sending money to an international recipient, you will need their bank’s SWIFT code along with their account details.
- International Wire Transfers: Whether for business or personal reasons, wire transfers require SWIFT codes to ensure funds are sent securely and accurately to the recipient’s bank.
Conclusion
SWIFT codes are a critical part of the international banking infrastructure, and understanding the correct code to use for your transactions is essential for avoiding delays and errors. If you are an AU Small Finance Bank Limited customer, it’s important to know the SWIFT code for your specific branch when making or receiving international payments.
With the rise of global financial integration, even small finance banks like AU Small Finance Bank are expanding their reach through the SWIFT network, ensuring that their customers can engage in seamless international banking.
If you need more information on the SWIFT code for your branch or how to use it in an international transaction, it’s best to reach out to your bank directly or consult the official website.
FAQs About SWIFT Codes and AU Small Finance Bank
- Is a SWIFT code necessary for domestic transfers?
- No, SWIFT codes are used primarily for international transactions. For domestic transfers, you typically use the IFSC (Indian Financial System Code).
- Can I use the same SWIFT code for different branches?
- No, SWIFT codes are branch-specific. Each branch may have its own unique SWIFT code, so make sure to use the correct one for your transaction.
- How can I verify the SWIFT code I am using?
- Always double-check the SWIFT code with your branch or through the official bank website to avoid any errors in your transactions.
- What happens if I enter the wrong SWIFT code?
- Entering the wrong SWIFT code can result in a delayed or returned transaction. The money may not reach the intended recipient, so it’s important to ensure accuracy.
By understanding and using the correct SWIFT codes for AU Small Finance Bank Limited, you can make international transactions safely, swiftly, and efficiently.