SWIFT Code MUSRINB1 — MURARILAL SARAF, MUMBAI

About SWIFT Code MUSRINB1 — MURARILAL SARAF, MUMBAI

SWIFT code MUSRINB1 is the official 8-character head-office BIC (Bank Identifier Code) for MURARILAL SARAF 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 MURARILAL SARAF 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 MUSRINB1

The code MUSRINB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MUSRINB1

Receiving International Wire Transfers

To receive money from abroad at your MURARILAL SARAF account in MUMBAI, share SWIFT code MUSRINB1 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 MURARILAL SARAF, MUMBAI must provide SWIFT code MUSRINB1. 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 MURARILAL SARAF in MUMBAI rely on SWIFT code MUSRINB1 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 MURARILAL SARAF →

For cheque clearing or NACH mandates, use the MICR code for MURARILAL SARAF →

For TDS challan deposits, find the BSR code for MURARILAL SARAF →

How SWIFT Code MUSRINB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code MUSRINB1 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 MURARILAL SARAF.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: MURARILAL SARAF receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MUSRINB1

• Spaces or lowercase letters — Always enter MUSRINB1 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 MUSRINB1 directly with MURARILAL SARAF's MUMBAI branch or via the SWIFT BIC Directory.