SWIFT Code ASAAINB1 — HG ASIA LTD., MUMBAI

About SWIFT Code ASAAINB1 — HG ASIA LTD., MUMBAI

SWIFT code ASAAINB1 is the official 8-character head-office BIC (Bank Identifier Code) for HG ASIA LTD. in MUMBAI, 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 HG ASIA LTD. for all outward international remittances from MUMBAI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code ASAAINB1

The code ASAAINB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code ASAAINB1

Receiving International Wire Transfers

To receive money from abroad at your HG ASIA LTD. account in MUMBAI, share SWIFT code ASAAINB1 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 HG ASIA LTD., MUMBAI must provide SWIFT code ASAAINB1. 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 HG ASIA LTD. in MUMBAI rely on SWIFT code ASAAINB1 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 HG ASIA LTD. →

For cheque clearing or NACH mandates, use the MICR code for HG ASIA LTD. →

For TDS challan deposits, find the BSR code for HG ASIA LTD. →

How SWIFT Code ASAAINB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code ASAAINB1 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 HG ASIA LTD..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: HG ASIA LTD. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code ASAAINB1

• Spaces or lowercase letters — Always enter ASAAINB1 uppercase with no spaces.
• Using the wrong city — This code is for MUMBAI 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 ASAAINB1 directly with HG ASIA LTD.'s MUMBAI branch or via the SWIFT BIC Directory.