{"id":25076,"date":"2025-12-18T14:04:45","date_gmt":"2025-12-18T08:34:45","guid":{"rendered":"https:\/\/blog.razorpay.in\/blog\/?p=25076"},"modified":"2026-02-03T15:43:16","modified_gmt":"2026-02-03T10:13:16","slug":"iban-for-indian-banks-swift-codes","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/iban-for-indian-banks-swift-codes\/","title":{"rendered":"IBAN for Indian Banks: HDFC, ICICI, SBI SWIFT Codes and The Global Payment Solution"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Do Indian banks use IBAN numbers? If you have tried receiving international payments, you have probably faced this question from overseas clients and got confused. The simple answer is no \u2014 India does not use IBAN numbers for banking. Instead, Indian banks rely on the SWIFT network for cross-border transfers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many freelancers, SaaS founders, and exporters get stuck when clients ask for an IBAN. India doesn\u2019t use IBAN, and searching online often makes things more confusing. To help you avoid this confusion, this guide explains everything in simple terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This guide will show you the exact bank details to share with international clients and the correct SWIFT codes for major banks such as HDFC, ICICI, and SBI.<\/span><\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0 0 8px 0; display: inline-block;\">Key takeaways<\/h2>\n<ul style=\"display: inline-block; margin: 0 0 0 10px; padding-left: 18px; vertical-align: top;\">\n<li>India does not use IBAN numbers for banking, so you do not need one to receive international payments.<\/li>\n<li>To get paid from overseas, you simply provide your bank account number, account name, branch details, and the correct SWIFT code.<\/li>\n<li>This article has listed the primary SWIFT codes for major banks like HDFC, ICICI, and SBI, which are sufficient for most international transfers.<\/li>\n<li>If you want a simpler and faster way to receive global payments without worrying about SWIFT or IBAN formats, Razorpay offers an easier alternative.<\/li>\n<\/ul>\n<\/div>\n<h2><b>What Is an IBAN and Why Doesn&#8217;t India Use It?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">An <a href=\"https:\/\/razorpay.com\/blog\/international-bank-account-number-iban\/\">IBAN<\/a>, or International Bank Account Number, is a standard bank account format used in many countries, mainly across Europe. It was created to make international payments easier and to avoid mistakes. An IBAN usually includes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Country code<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check digits<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank identifier<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Branch code<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Account number<\/span><\/li>\n<\/ul>\n<p>However, India does not use an IBAN number. Instead, our banking system has its own format for domestic transfers (IFSC + account number) and uses <a href=\"https:\/\/razorpay.com\/learn\/what-is-swift\/\">SWIFT codes<\/a> for international transactions. That means Indian banks, including HDFC, ICICI, and SBI, do not issue IBANs. When a foreign client asks you for an IBAN, you simply share your account number, <a href=\"https:\/\/razorpay.com\/blog\/decoding-ifsc-codes-meaning-importance\/\">IFSC<\/a>, bank branch, and SWIFT code.<\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0;\">Did You Know?<\/h2>\n<p style=\"margin-top: 10px;\"><i><span style=\"font-weight: 400;\">India, US, and Canada are among the major economies that do not use the IBAN system and rely on SWIFT instead.<\/span><br \/>\n<\/i><\/p>\n<\/div>\n<h2><b>The Core Difference: IBAN vs. SWIFT\/BIC<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">IBAN and SWIFT are often mentioned together in international banking, but they perform different roles. Here is a simple table to help you understand the difference clearly.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Feature<\/b><\/td>\n<td><b>IBAN<\/b><\/td>\n<td><b>SWIFT\/BIC<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Purpose<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Identifies a specific bank account globally<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Identifies the bank or financial institution globally<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Format<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Alphanumeric, up to 34 characters (varies by country)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8 or 11<\/span> <span style=\"font-weight: 400;\">characters (letters + numbers)<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Usage Region<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Mostly Europe, the Middle East, and parts of Asia<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Used worldwide, including India, the US, and Canada<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Example<\/b><\/td>\n<td><span style=\"font-weight: 400;\">GB29NWBK60161331926819<\/span><\/td>\n<td><span style=\"font-weight: 400;\">HDFCINBBXXX (HDFC Bank)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b>Your International Payment Solution: SWIFT Codes for Major Indian Banks<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Below are the main SWIFT codes used by major Indian banks. These are the primary head-office codes, and in most cases, sharing these with your client is enough to receive international transfers.\u00a0<\/span><\/p>\n<h3><b>HDFC Bank SWIFT Code<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The primary SWIFT code for HDFC Bank is HDFCINBBXXX. This is the standard code used for most international payments sent to HDFC accounts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s what each part means:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>HDFC<\/b><span style=\"font-weight: 400;\"> = Bank code (HDFC Bank)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>IN<\/b><span style=\"font-weight: 400;\"> = Country code (India)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>BB<\/b><span style=\"font-weight: 400;\"> = Location code<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>XXX<\/b><span style=\"font-weight: 400;\"> = Standard branch code used for international transfers<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This single SWIFT code works for the majority of overseas payments to HDFC Bank. You simply share this code along with your account number and bank details when someone is sending you money from abroad.<\/span><\/p>\n<h3><b>ICICI Bank SWIFT Code<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The primary SWIFT code for ICICI Bank is <\/span><b>ICICINBBXXX<\/b><span style=\"font-weight: 400;\">. This is the general code used for most international transfers into ICICI accounts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some remittances may use a specific NRI code, but for most transfers, ICICINBBXXX works without any issue. When a client sends money to your ICICI account, they need this code along with your full account number and name as per the bank records.<\/span><\/p>\n<h3><b>State Bank of India SWIFT Code<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The primary SWIFT code for State Bank of India is SBININBBXXX. This is the general head-office code and is widely accepted for international payments sent to SBI accounts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SBI has individual SWIFT codes for some large branches in metro cities. However, for most international transfers, SBININBBXXX works smoothly and is the easiest and most reliable option to share with overseas clients.<\/span><\/p>\n<h3><b>Other Banks SWIFT Codes<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Here are the primary SWIFT codes for a few other major Indian banks.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Bank<\/b><\/td>\n<td><b>Primary SWIFT Code<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Axis Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">AXISINBBXXX<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Canara Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CNRBINBBXXX<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Indian Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">IDIBINBBXXX<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bank of Baroda<\/span><\/td>\n<td><span style=\"font-weight: 400;\">BARBINBBXXX<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Federal Bank<\/span><\/td>\n<td><span style=\"font-weight: 400;\">FDRLINBBXXX<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b>How to Receive International Payments in India?<\/b><\/h2>\n<h3><b>Pick the Right Method<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Choose how you want to receive the money. The most common options are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bank wire transfer<\/b><span style=\"font-weight: 400;\"> (most secure and used for <a href=\"https:\/\/razorpay.com\/blog\/what-are-b2b-payments\/\">B2B payments<\/a>)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>International payment gateways<\/b><span style=\"font-weight: 400;\"> (for freelancers and SaaS founders)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Select the method based on speed, fees, and convenience. For large payments or retainers, bank transfer is usually best.<\/span><\/p>\n<h3><b>Collect (and Double-Check) the Details<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Share your bank details exactly as they appear in your bank records:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Full Name (as per bank account)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/learn\/bank-account-number\/\"><span style=\"font-weight: 400;\">Bank Account Number<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank Name<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank Branch Address<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SWIFT\/BIC Code<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><a href=\"https:\/\/razorpay.com\/blog\/decoding-ifsc-codes-meaning-importance\/\">IFSC Code<\/a> (only if asked)<\/span><\/li>\n<\/ul>\n<h3><b>Set the Currency and Who Pays Fees<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Confirm the currency (USD\/EUR\/GBP or sender\u2019s currency) and decide who covers transfer fees. Your bank will convert incoming money into INR at its own exchange rate, so agreeing on currency upfront avoids confusion.<\/span><\/p>\n<h3><b>Create and Send the Invoice<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Prepare a clear invoice that mentions the amount, currency, bank details, and purpose of payment. This helps both your client and your bank process the transfer smoothly and reduces compliance checks.<\/span><\/p>\n<h3><b>Ask the Payer to Initiate the Transfer<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Once you share the details, request the sender to start the transfer. It&#8217;s a good practice to ask them to share a screenshot of the entered banking details before submitting \u2014 this helps catch errors early, especially in the SWIFT code and account number.<\/span><\/p>\n<h3><b>Save the Transaction Reference<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Once the client sends the payment, note down:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>SWIFT reference \/ UTR number<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sender\u2019s name<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transfer date<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These details help track transfers if there is a delay.<\/span><\/p>\n<h3><b>Wait for Funds to Reflect<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">International transfers usually take 1\u20135 working days depending on the sender&#8217;s bank and country. Delays can occur if a correspondent (intermediary) bank is involved or due to time-zone or bank-holiday differences.<\/span><\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<p><strong style=\"color: #0073aa; font-size: 18px;\">Note: <\/strong><span style=\"font-weight: 400;\">Your bank will convert the incoming foreign currency to INR at its exchange rate. Also, some transfers may go through correspondent banks, which can deduct small fees before the money reaches your account. This is normal in international banking.<\/span><\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">If the fee or conversion margin is high, consider asking clients to use a service that offers better exchange rates or fewer charges.<\/span><\/p>\n<p><a style=\"background-color: #1a73e8; color: #ffffff; font-weight: 600; padding: 6px 14px; border-radius: 6px; font-size: 13px; text-decoration: none; display: inline-block; white-space: nowrap;\" href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/?utm_source=blog&amp;utm_medium=referral&amp;utm_campaign=internationalpayments\">Explore Razorpay&#8217;s Global Payment Solutions<\/a><\/p>\n<h2><b>Hidden Costs of SWIFT Payments<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Many Indian freelancers and businesses assume that once they have the SWIFT code, international payments will be simple. But the real challenge is not the code \u2014 it\u2019s the traditional banking network behind it.\u00a0 While SWIFT works globally, it often comes with hidden pain points you only realise after your first few international payments.\u00a0<\/span><\/p>\n<h3><b>High Fees\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">SWIFT transfers usually pass through one or more intermediary banks before reaching your Indian bank. Each bank in the chain may deduct fees. Then, your Indian bank applies its currency conversion margin, which can further eat into your earnings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Result? You may end up receiving less money than expected due to transfer charges and currency mark-ups.<\/span><\/p>\n<h3><b>Slower Transfers\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">International wire payments generally take 2\u20135 business days to reach India. If there are intermediary banks or compliance checks, delays are common. During this time, you may have no update or visibility unless you keep following up with your client and bank, which can be stressful when you\u2019re waiting to pay bills, salaries, or run your business.<\/span><\/p>\n<h3><b>Customer Confusion<\/b><\/h3>\n<p>Many overseas clients are used to IBAN numbers. When they don&#8217;t see one for India, they may enter your details wrong or choose the wrong transfer option.<\/p>\n<p><span style=\"font-weight: 400;\">This can lead to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The money is getting stuck on the way.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You do not know where the payment is.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Delays and repeated follow-ups.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As the receiver, you feel stressed because the money seems \u201clost\u201d for a while, even though you shared the correct details.<\/span><\/p>\n<h2><b>Simplify Global Payments With Razorpay<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Receiving <a href=\"https:\/\/razorpay.com\/accept-international-payments\/\">international payments<\/a> through traditional banking often leads to confusion. IBAN formats don\u2019t match Indian standards, SWIFT transfers involve multiple intermediaries, and hidden fees reduce the final payout. Most businesses lose time chasing bank updates instead of focusing on their work.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Razorpay changes this experience entirely. With a single payment link or invoice, your clients can pay from anywhere in the world \u2014 no banking codes, no manual follow-ups, and no guesswork. Here\u2019s how it simplifies the entire payment process:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With Razorpay, there\u2019s no confusion over IBAN or SWIFT formats. Your client simply makes the payment, and it takes care of the rest.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You also get transparent pricing with no hidden deductions, so you know exactly how much you earn every time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Its real-time dashboard allows you to track payments instantly \u2014 without delays, bank follow-ups or guesswork.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The platform is built for freelancers, service providers, exporters and global businesses, with simple onboarding and fast settlements that help you get started quickly.<\/span><\/li>\n<\/ul>\n<div style=\"background-color: #f5f9fc; padding: 32px 24px; border-radius: 12px; text-align: center; max-width: 720px; margin: 0 auto;\">\n<h2 style=\"color: #1a73e8; margin-bottom: 12px; font-size: 24px; font-weight: bold;\">Global payments made simple with Razorpay. Why wait<\/h2>\n<p><a style=\"background-color: #1a73e8; color: #ffffff; font-weight: 600; padding: 12px 24px; border-radius: 8px; font-size: 16px; text-decoration: none; display: inline-block;\" href=\"https:\/\/razorpay.com\/?utm_source=blog&amp;utm_medium=referral&amp;utm_campaign=internationalpayments\"><em><strong>Get Started with\u00a0Razorpay<\/strong><\/em><\/a><\/p>\n<\/div>\n<h2><b>FAQs<\/b><\/h2>\n<h3><b>1. Which bank in India has an IBAN number?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No bank in India has an IBAN number. Indian banks do not use the IBAN system.<\/span><\/p>\n<h3><b>2. What is the Indian equivalent of an IBAN number?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">India does not have an IBAN equivalent. Indian banks use IFSC + account number for domestic payments and SWIFT + account number for international transfers, which together serve the same purpose as IBAN but are not the same system.<\/span><\/p>\n<h3><b>3. What details do I need to give to a foreign sender for a transfer to my Indian bank account?<\/b><\/h3>\n<p><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> Share the following details:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your bank account number<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Account holder name (as per bank records)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank name and branch<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SWIFT code<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Branch address (if requested)<\/span><\/li>\n<\/ul>\n<h3><b>4. Is IBAN a SWIFT code?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No. IBAN and SWIFT are different. IBAN is a bank account format used in some countries, while SWIFT is a bank identification code used globally to route international payments.<\/span><\/p>\n<h3><b>5. Is it safe to receive international payments without IBAN?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes. It is safe to receive international payments without an IBAN if you are in India. Indian banks use SWIFT codes and account details instead of IBAN, and this system is secure and globally recognised.<\/span><\/p>\n<h3><b>6. What are the fees for international transfers using these banks?<\/b><\/h3>\n<p><b><br \/>\n<\/b><span style=\"font-weight: 400;\"> Fees depend on the bank and the route used. Typically, you may be charged:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A remittance\/transfer fee by your bank<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intermediary\/correspondent bank charges during the transfer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A currency conversion spread when funds are converted to INR<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Most Indian banks follow this structure, and the total cost can vary based on the sending country, bank, and transfer method.<\/span><br \/>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Which bank in India has an IBAN number?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"No bank in India has an IBAN number. 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IBAN is a bank account format used in certain countries, while SWIFT is a bank identification code used globally for routing international payments.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is it safe to receive international payments without IBAN?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Yes. It is safe to receive international payments without an IBAN in India. Indian banks rely on SWIFT codes and account details, which is a secure and globally recognised system.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What are the fees for international transfers using Indian banks?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Fees depend on the bank and transfer route. You may be charged a remittance or transfer fee by your bank, intermediary or correspondent bank charges, and a currency conversion spread when the funds are converted to INR.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do Indian banks use IBAN numbers? If you have tried receiving international payments, you have probably faced this question from overseas clients and got confused. The simple answer is no \u2014 India does not use IBAN numbers for banking. Instead, Indian banks rely on the SWIFT network for cross-border transfers. Many freelancers, SaaS founders, and<\/p>\n","protected":false},"author":142,"featured_media":25701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1067],"tags":[],"class_list":{"0":"post-25076","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cross-border"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/142"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=25076"}],"version-history":[{"count":8,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25076\/revisions"}],"predecessor-version":[{"id":25093,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25076\/revisions\/25093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/25701"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=25076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=25076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=25076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}