SWIFT Code IFFEIN51 — IFCI FINANCIAL SERVICES LIMITED, CHENNAI (MADRAS)

About SWIFT Code IFFEIN51 — IFCI FINANCIAL SERVICES LIMITED, CHENNAI (MADRAS)

SWIFT code IFFEIN51 is the official 8-character head-office BIC (Bank Identifier Code) for IFCI FINANCIAL SERVICES LIMITED in CHENNAI (MADRAS), 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 IFCI FINANCIAL SERVICES LIMITED for all outward international remittances from CHENNAI (MADRAS). Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code IFFEIN51

The code IFFEIN51 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IFFEIN51

Receiving International Wire Transfers

To receive money from abroad at your IFCI FINANCIAL SERVICES LIMITED account in CHENNAI (MADRAS), share SWIFT code IFFEIN51 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 IFCI FINANCIAL SERVICES LIMITED, CHENNAI (MADRAS) must provide SWIFT code IFFEIN51. 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 IFCI FINANCIAL SERVICES LIMITED in CHENNAI (MADRAS) rely on SWIFT code IFFEIN51 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 IFCI FINANCIAL SERVICES LIMITED →

For cheque clearing or NACH mandates, use the MICR code for IFCI FINANCIAL SERVICES LIMITED →

For TDS challan deposits, find the BSR code for IFCI FINANCIAL SERVICES LIMITED →

How SWIFT Code IFFEIN51 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IFFEIN51 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 IFCI FINANCIAL SERVICES LIMITED.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: IFCI FINANCIAL SERVICES LIMITED receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IFFEIN51

• Spaces or lowercase letters — Always enter IFFEIN51 uppercase with no spaces.
• Using the wrong city — This code is for CHENNAI (MADRAS) 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 IFFEIN51 directly with IFCI FINANCIAL SERVICES LIMITED's CHENNAI (MADRAS) branch or via the SWIFT BIC Directory.