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SWIFT Code MGSIINB1 Mgsi India

The SWIFT code of MgsiMGSIINB1. The located in city City, Of India ([countryshor]).

The SWIFT code of Mgsi Hyderabad City is MGSIINB1. The branch located in Hyderabad City, Of India (IN).

Mgsi SWIFT Code: MGSIINB1

Mgsi Swift/BIc Code Branch

Bank NameMgsi
Swift CodeMGSIINB1
Branch Not Available
CountryIndia IN
CityHyderabad
Branch Code NB1
SWIFT code (8 characters) MGSIINB1
BIC Code analysis8-letter swift code: MGSIINB1
Branch code:
Institution s 4-letter code: MGSI
Country code: IN
Location code: B1

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.) These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same.

The SWIFT code is 8 or 11 characters?

Example: MGSIINB1
  • MGSI 4 letters: Institution Code or bank code. (Mgsi)
  • IN 2 letters: ISO 3166-1 alpha-2 country code (India)
  • B1 2 letters or digits: location code
  • If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
  • If the second character is "1", then it denotes a passive participant in the SWIFT network
  • If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
  • last 3 letters or digits: branch code.
  • Where an 8-digit code is given, it may be assumed that it refers to the primary office.

SWIFT Code Mgsi India

SWIFT Code Mgsi used to Transfer fund to Internationl Mgsis. SWIFTCode Mgsi India are provide the broadest coverage of national Mgsi identifiers. SWIFT Code is identifying Mgsi es in India ([countryshor]). SWIFT Code of Mgsi is unique for each in India ([countryshor]). Mgsi is located in Hyderabad Hyderabad, India India and Mgsi The SWIFT code is MGSIINB1 .