SWIFT Code XMDSIN51 — MADRAS STOCK EXCHANGE LIMITED, CHENNAI (MADRAS)

About SWIFT Code XMDSIN51 — MADRAS STOCK EXCHANGE LIMITED, CHENNAI (MADRAS)

SWIFT code XMDSIN51 is the official 8-character head-office BIC (Bank Identifier Code) for MADRAS STOCK EXCHANGE 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 MADRAS STOCK EXCHANGE 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 XMDSIN51

The code XMDSIN51 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code XMDSIN51

Receiving International Wire Transfers

To receive money from abroad at your MADRAS STOCK EXCHANGE LIMITED account in CHENNAI (MADRAS), share SWIFT code XMDSIN51 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 MADRAS STOCK EXCHANGE LIMITED, CHENNAI (MADRAS) must provide SWIFT code XMDSIN51. 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 MADRAS STOCK EXCHANGE LIMITED in CHENNAI (MADRAS) rely on SWIFT code XMDSIN51 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 MADRAS STOCK EXCHANGE LIMITED →

For cheque clearing or NACH mandates, use the MICR code for MADRAS STOCK EXCHANGE LIMITED →

For TDS challan deposits, find the BSR code for MADRAS STOCK EXCHANGE LIMITED →

How SWIFT Code XMDSIN51 Routes an International Transfer

1. Initiation: The sender provides SWIFT code XMDSIN51 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 MADRAS STOCK EXCHANGE LIMITED.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: MADRAS STOCK EXCHANGE LIMITED receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code XMDSIN51

• Spaces or lowercase letters — Always enter XMDSIN51 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 XMDSIN51 directly with MADRAS STOCK EXCHANGE LIMITED's CHENNAI (MADRAS) branch or via the SWIFT BIC Directory.