In the modern financial landscape, especially with the rise of global banking transactions, it’s essential to understand how money can be transferred internationally. One key element that facilitates such international transfers is the SWIFT code. If you’ve ever needed to send or receive money from abroad, you’ve likely encountered this term. In this article, we will dive deep into what a SWIFT code is, how it applies to Bank of Baroda, and also list the SWIFT codes for the maximum number of Bank of Baroda branches across the world.
What is a SWIFT Code?
SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as BIC (Bank Identifier Code), is an internationally recognized system that identifies banks and financial institutions across the globe. It enables efficient, reliable, and secure international payments between banks.
The SWIFT code is an 8 to 11-character alphanumeric string with the following structure:
- 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, optional for the bank’s primary office)
For example, the SWIFT code of Bank of Baroda’s Mumbai Main Branch is:
BARBINBBXXX
Breaking it down:
- BARB: Represents Bank of Baroda
- IN: Refers to India
- BB: Stands for Mumbai
- XXX: Identifies the main branch (primary office)
Why Do You Need the SWIFT Code of Bank of Baroda?
When you are making international transactions, be it sending or receiving funds, the SWIFT code is necessary for the following reasons:
- Identification of Bank: It helps to correctly identify the bank where the money should be sent.
- Transaction Security: SWIFT codes provide an extra layer of security for international transactions.
- Efficiency in Transactions: The code ensures the money is sent directly to the correct branch without confusion or delays.
- Consistency: SWIFT codes provide a uniform standard, making international banking easier and more streamlined.
Bank of Baroda: A Brief Overview
Bank of Baroda is one of India’s largest public sector banks with a global footprint. It operates a significant number of branches, both domestically and internationally, providing a range of services including corporate banking, personal banking, investment banking, and international banking.
As an international bank, Bank of Baroda uses SWIFT codes to facilitate transactions across its global network of branches. If you’re a Bank of Baroda customer, knowing your branch’s SWIFT code is essential for international wire transfers and other related financial activities.
List of Bank of Baroda SWIFT Codes for Major Branches
Below is a list of some of the major branches of Bank of Baroda and their respective SWIFT codes:
| Branch | SWIFT Code | Location |
| Bank of Baroda Mumbai Main Branch | BARBINBBXXX | Mumbai, India |
| Bank of Baroda London Branch | BARBGB2LXXX | London, United Kingdom |
| Bank of Baroda New York Branch | BARBUS33XXX | New York, USA |
| Bank of Baroda Dubai Branch | BARBAEADXXX | Dubai, UAE |
| Bank of Baroda Singapore Branch | BARBSGSGXXX | Singapore |
| Bank of Baroda Nairobi Branch | BARBKENAXXX | Nairobi, Kenya |
| Bank of Baroda Hong Kong Branch | BARBHKHX | Hong Kong |
| Bank of Baroda Sydney Branch | BARBAU2SXXX | Sydney, Australia |
| Bank of Baroda Brussels Branch | BARBBEBBXXX | Brussels, Belgium |
| Bank of Baroda Frankfurt Branch | BARBDEFFXXX | Frankfurt, Germany |
How to Find Your Bank of Baroda SWIFT Code?
- Check Your Bank Statement: Your SWIFT code is usually printed on your bank account statement.
- Bank’s Official Website: You can find the SWIFT code for your branch by visiting the Bank of Baroda’s official website.
- Contact the Branch: You can also visit or call your branch to inquire about the SWIFT code.
- Online SWIFT Directories: Many online directories provide access to SWIFT codes for banks across the world. However, it’s always best to verify the code directly from your bank.
Conclusion
The SWIFT code is an essential part of international financial transactions, ensuring funds are securely and accurately transferred between banks worldwide. With Bank of Baroda being a globally recognized institution, knowing the correct SWIFT code for your branch is crucial when engaging in international banking. Whether you are sending money to family abroad, receiving payments from a foreign business, or conducting international trade, the right SWIFT code ensures that your transaction will be processed smoothly and efficiently.
FAQs About SWIFT Codes and Bank of Baroda
- Can I use the same SWIFT code for multiple branches of Bank of Baroda?
- No, SWIFT codes are unique to each branch. Always ensure you have the correct SWIFT code for the specific branch handling your transaction.
- Is the SWIFT code required for domestic transactions?
- No, SWIFT codes are primarily for international transactions. For domestic transfers, you will typically use the IFSC code.
- What happens if I enter the wrong SWIFT code?
- If the wrong SWIFT code is used, the transaction may be delayed or returned. Always double-check the SWIFT code with your bank before proceeding.
- Are SWIFT and BIC the same?
- Yes, SWIFT and BIC codes are used interchangeably and refer to the same system of international bank identification.
By understanding and correctly utilizing the SWIFT codes for Bank of Baroda, you can ensure that your international banking transactions are secure, swift, and successful.