SWIFT Code SYSTINB1 — SYSTEMATIX SHARES AND STOCKS (I) LTD., MUMBAI

About SWIFT Code SYSTINB1 — SYSTEMATIX SHARES AND STOCKS (I) LTD., MUMBAI

SWIFT code SYSTINB1 is the official 8-character head-office BIC (Bank Identifier Code) for SYSTEMATIX SHARES AND STOCKS (I) LTD. 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 SYSTEMATIX SHARES AND STOCKS (I) LTD. 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 SYSTINB1

The code SYSTINB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SYSTINB1

Receiving International Wire Transfers

To receive money from abroad at your SYSTEMATIX SHARES AND STOCKS (I) LTD. account in MUMBAI, share SWIFT code SYSTINB1 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 SYSTEMATIX SHARES AND STOCKS (I) LTD., MUMBAI must provide SWIFT code SYSTINB1. 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 SYSTEMATIX SHARES AND STOCKS (I) LTD. in MUMBAI rely on SWIFT code SYSTINB1 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 SYSTEMATIX SHARES AND STOCKS (I) LTD. →

For cheque clearing or NACH mandates, use the MICR code for SYSTEMATIX SHARES AND STOCKS (I) LTD. →

For TDS challan deposits, find the BSR code for SYSTEMATIX SHARES AND STOCKS (I) LTD. →

How SWIFT Code SYSTINB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SYSTINB1 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 SYSTEMATIX SHARES AND STOCKS (I) LTD..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SYSTEMATIX SHARES AND STOCKS (I) LTD. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SYSTINB1

• Spaces or lowercase letters — Always enter SYSTINB1 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 SYSTINB1 directly with SYSTEMATIX SHARES AND STOCKS (I) LTD.'s MUMBAI branch or via the SWIFT BIC Directory.