SWIFT Code MAHBINBBVSP — BANK OF MAHARASHTRA, VISAKHAPATNAM

About SWIFT Code MAHBINBBVSP — BANK OF MAHARASHTRA, VISAKHAPATNAM

SWIFT code MAHBINBBVSP is the official 11-character branch-specific BIC (Bank Identifier Code) for BANK OF MAHARASHTRA in VISAKHAPATNAM, India. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BANK OF MAHARASHTRA for all outward international remittances from VISAKHAPATNAM. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MAHBINBBVSP

The code MAHBINBBVSP follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MAHBINBBVSP

Receiving International Wire Transfers

To receive money from abroad at your BANK OF MAHARASHTRA account in VISAKHAPATNAM, share SWIFT code MAHBINBBVSP with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BANK OF MAHARASHTRA, VISAKHAPATNAM must provide SWIFT code MAHBINBBVSP. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BANK OF MAHARASHTRA in VISAKHAPATNAM rely on SWIFT code MAHBINBBVSP for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BANK OF MAHARASHTRA →

For cheque clearing or NACH mandates, use the MICR code for BANK OF MAHARASHTRA →

For TDS challan deposits, find the BSR code for BANK OF MAHARASHTRA →

How SWIFT Code MAHBINBBVSP Routes an International Transfer

1. Initiation: The sender provides SWIFT code MAHBINBBVSP and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BANK OF MAHARASHTRA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANK OF MAHARASHTRA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MAHBINBBVSP

• Spaces or lowercase letters — Always enter MAHBINBBVSP uppercase with no spaces.
• Using the wrong city — This code is for VISAKHAPATNAM only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within India.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm MAHBINBBVSP directly with BANK OF MAHARASHTRA's VISAKHAPATNAM branch or via the SWIFT BIC Directory.