SWIFT Code SIPOIND1 — SAMSUNG C AND T INDIA PVT LTD, GURGAON

About SWIFT Code SIPOIND1 — SAMSUNG C AND T INDIA PVT LTD, GURGAON

SWIFT code SIPOIND1 is the official 8-character head-office BIC (Bank Identifier Code) for SAMSUNG C AND T INDIA PVT LTD in GURGAON, 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 SAMSUNG C AND T INDIA PVT LTD for all outward international remittances from GURGAON. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SIPOIND1

The code SIPOIND1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SIPOIND1

Receiving International Wire Transfers

To receive money from abroad at your SAMSUNG C AND T INDIA PVT LTD account in GURGAON, share SWIFT code SIPOIND1 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 SAMSUNG C AND T INDIA PVT LTD, GURGAON must provide SWIFT code SIPOIND1. 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 SAMSUNG C AND T INDIA PVT LTD in GURGAON rely on SWIFT code SIPOIND1 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 SAMSUNG C AND T INDIA PVT LTD →

For cheque clearing or NACH mandates, use the MICR code for SAMSUNG C AND T INDIA PVT LTD →

For TDS challan deposits, find the BSR code for SAMSUNG C AND T INDIA PVT LTD →

How SWIFT Code SIPOIND1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SIPOIND1 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 SAMSUNG C AND T INDIA PVT LTD.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SAMSUNG C AND T INDIA PVT LTD receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SIPOIND1

• Spaces or lowercase letters — Always enter SIPOIND1 uppercase with no spaces.
• Using the wrong city — This code is for GURGAON 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 SIPOIND1 directly with SAMSUNG C AND T INDIA PVT LTD's GURGAON branch or via the SWIFT BIC Directory.