BIC Code State Bank of Mysore

Hello sir I am here as I want to get to know the BIC Code Of Basavaraja Market Branch of State Bank of Mysore so will you please tell me the Code???

[pawan]

Yes Of course I will tell you BIC Code Of Basavaraja Market Branch of State Bank of Mysore but before that let me tell you what BIC Code is

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the another name for BIC Code which is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO).

It is a unique identification code for both financial and non-financial institutions.

These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks.


The SWIFT code is 8 or 11 characters,

Example: BBBBUS3M489

-BBBB 4 letters: Institution Code or bank code.

-US 2 letters: ISO 3166-1 alpha-2 country code

-3M 2 letters or digits: location code

-If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.

-If the second character is "1", then it denotes a passive participant in the SWIFT network

-If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.

-489 last 3 letters or digits: branch code.

Where an 8-digit code is given, it may be assumed that it refers to the primary office.



Code of Basavaraja Market Branch of State Bank of Mysore: SBMYINBB 015

Other Details of this Branch are:

Bank code: SBMY

Country Code: IN

Location Code: BB

Branch Code: 015

Address:
STATE BANK OF MYSORE
107/108 JUMMA MASJID ROAD
BANGALORE