SWIFT Code ICMSINB1 — IDBI CAPITAL MARKET SERVICES LIMITED, MUMBAI

About SWIFT Code ICMSINB1 — IDBI CAPITAL MARKET SERVICES LIMITED, MUMBAI

SWIFT code ICMSINB1 is the official 8-character head-office BIC (Bank Identifier Code) for IDBI CAPITAL MARKET SERVICES LIMITED 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 IDBI CAPITAL MARKET SERVICES LIMITED 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 ICMSINB1

The code ICMSINB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code ICMSINB1

Receiving International Wire Transfers

To receive money from abroad at your IDBI CAPITAL MARKET SERVICES LIMITED account in MUMBAI, share SWIFT code ICMSINB1 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 IDBI CAPITAL MARKET SERVICES LIMITED, MUMBAI must provide SWIFT code ICMSINB1. 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 IDBI CAPITAL MARKET SERVICES LIMITED in MUMBAI rely on SWIFT code ICMSINB1 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 IDBI CAPITAL MARKET SERVICES LIMITED →

For cheque clearing or NACH mandates, use the MICR code for IDBI CAPITAL MARKET SERVICES LIMITED →

For TDS challan deposits, find the BSR code for IDBI CAPITAL MARKET SERVICES LIMITED →

How SWIFT Code ICMSINB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code ICMSINB1 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 IDBI CAPITAL MARKET SERVICES LIMITED.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: IDBI CAPITAL MARKET SERVICES LIMITED receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code ICMSINB1

• Spaces or lowercase letters — Always enter ICMSINB1 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 ICMSINB1 directly with IDBI CAPITAL MARKET SERVICES LIMITED's MUMBAI branch or via the SWIFT BIC Directory.