SBINCATXXXX STATE BANK OF INDIA (CANADA), Main Branch Swift BIC Code
A SWIFT code is an 8 or 11 alphanumeric characters code which is also called BIC Code (Bank Identification Code) and is used to identify banks uniquely throughout the world. A SWIFT code is generally used in facilitating international wire transfers. The swift code for STATE BANK OF INDIA (CANADA) Main Branch is SBINCATXXXX.
The first 4 characters SBIN signify the bank code for STATE BANK OF INDIA (CANADA). The next 2 characters CA indicate country. Next 2 characters TX indicate location of the bank and the last 3 characters (optional) XXX is branch code for the Main Branch branch. XXX indicates main branch of the bank.
Find the swift code for STATE BANK OF INDIA (CANADA) below.
International wire transfer usually involve a fees at both sending and receiving end - which is okay.
However, if currency conversion is involved in the transfer you may end up paying a very hefty fees due to poor currency conversion rate provided by banks - this fee may be as large as 3-5% of the total transfer amount.
We recommend using service like transferwise for best conversion rates and lower wire transfer fees.