Detailed Guide: Using CITY UNION BANK LTD. SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The CIUBIN5I Business Identifier Code (BIC) is the exclusive digital signature for CITY UNION BANK LTD. located in CHENNAI. Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code CIUBIN5I is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- CIUB: The Bank Code representing CITY UNION BANK LTD. globally.
- IN: The Country Code, identifying that the bank is regulated under India laws.
- 5I: The Location Code, usually pointing to the CHENNAI hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in CHENNAI
If you are a resident or business owner in CHENNAI, you must provide the following information to your international sender. For transactions involving CITY UNION BANK LTD., ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | CIUBIN5I |
| Destination Bank | CITY UNION BANK LTD. |
| Branch Location | CHENNAI, India |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to CITY UNION BANK LTD. might not be direct. Depending on the relationship between your sender's bank and the IN banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the CHENNAI branch code?
In most cases, CITY UNION BANK LTD. will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local CIUBIN5I is recommended for faster processing
and lower risk of manual intervention.
Is CIUBIN5I the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to India, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code CIUBIN5I for
CITY UNION BANK LTD. is part of the latest directory update. We
periodically refresh our database to ensure all codes for CHENNAI are compliant
with current financial standards.
Note: Financial data changes. While CIUBIN5I is
verified for CITY UNION BANK LTD., always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
CHENNAI, India.