SWIFT Code SECTIND1552 — SAMSUNG INDIA ELECTRONICS PRIVATE .LTD, BANGALORE

About SWIFT Code SECTIND1552 — SAMSUNG INDIA ELECTRONICS PRIVATE .LTD, BANGALORE

SWIFT code SECTIND1552 is the official 11-character branch-specific BIC (Bank Identifier Code) for SAMSUNG INDIA ELECTRONICS PRIVATE .LTD in BANGALORE, 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 INDIA ELECTRONICS PRIVATE .LTD for all outward international remittances from BANGALORE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SECTIND1552

The code SECTIND1552 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SECTIND1552

Receiving International Wire Transfers

To receive money from abroad at your SAMSUNG INDIA ELECTRONICS PRIVATE .LTD account in BANGALORE, share SWIFT code SECTIND1552 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 INDIA ELECTRONICS PRIVATE .LTD, BANGALORE must provide SWIFT code SECTIND1552. 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 INDIA ELECTRONICS PRIVATE .LTD in BANGALORE rely on SWIFT code SECTIND1552 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 INDIA ELECTRONICS PRIVATE .LTD →

For cheque clearing or NACH mandates, use the MICR code for SAMSUNG INDIA ELECTRONICS PRIVATE .LTD →

For TDS challan deposits, find the BSR code for SAMSUNG INDIA ELECTRONICS PRIVATE .LTD →

How SWIFT Code SECTIND1552 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SECTIND1552 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 INDIA ELECTRONICS PRIVATE .LTD.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SAMSUNG INDIA ELECTRONICS PRIVATE .LTD receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SECTIND1552

• Spaces or lowercase letters — Always enter SECTIND1552 uppercase with no spaces.
• Using the wrong city — This code is for BANGALORE 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 SECTIND1552 directly with SAMSUNG INDIA ELECTRONICS PRIVATE .LTD's BANGALORE branch or via the SWIFT BIC Directory.