The SWIFT code for UNION BANK OF INDIA, FORMERLY CORPORATION BANK is CORPINBB142
While the main UNION BANK OF INDIA, FORMERLY CORPORATION BANK SWIFT code (ending in XXX) can be used for general transfers, using the branch-specific code CORPINBB142 ensures your funds are routed directly to the MARGAO clearing system. This reduces manual processing at the head office and can speed up your transfer by up to 24 hours.
| Bank Name | UNION BANK OF INDIA, FORMERLY CORPORATION BANK |
| Bank Address | MARGAO, GOA, 403601 |
| City | MARGAO |
| Postcode | 403601 |
| Country | 🇮🇳 India |
| Bank Code | CORP |
| Country Code | IN |
| Location Code | BB |
| Branch Code | 142 |
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Get started nowSending Money to UNION BANK OF INDIA, FORMERLY CORPORATION BANK in MARGAO
Follow these three steps to ensure your international wire transfer reaches the correct account at the MARGAO branch without delays or hidden intermediary fees.
- Step 1: Collect Recipient Details. You will need the full legal name of the account holder and their IBAN (International Bank Account Number). For India, IBANs typically start with the prefix IN.
- Step 2: Enter the SWIFT/BIC Code. When prompted by your banking app or wire service, enter CORPINBB142. This unique 11-character identifier ensures the funds are routed specifically to the UNION BANK OF INDIA, FORMERLY CORPORATION BANK systems in MARGAO.
- Step 3: Confirm the Transfer Method. If you are sending from within Europe, select SEPA for lower fees and faster delivery. For transfers from outside the EU (e.g., USA, India, or Australia), ensure you select SWIFT/International Wire and double-check if your bank requires an intermediary bank for India transactions.
Where can I find my SWIFT/BIC code?
You can find your SWIFT/BIC code in several easy-to-locate places:
- On your bank statements, either printed or online.
- Inside your online banking portal, under account information.
- On your bank’s official website, usually in their international banking or FAQ section.
- By directly contacting your bank’s customer service.
Online resources like SWIFT Codes Finder can be really helpful.
Example of transaction information
- Beneficiary Name: [Recipient Name]
- Bank: [Bank Name]
- SWIFT/BIC Code: [SWIFT Code]
- Bank Address: [Street, City, Country]
- Account Number/IBAN: [Account Number or IBAN]
Frequently Asked Questions
Should I use this specific code or the UNION BANK OF INDIA, FORMERLY CORPORATION BANK head office code?
While the UNION BANK OF INDIA, FORMERLY CORPORATION BANK head office code (ending in XXX) is often accepted, using CORPINBB142 is the best way to ensure your money reaches the MARGAO branch directly. By using the branch-specific code, you bypass the central sorting queue at the head office, which can often speed up the processing of your international transfer by a full business day.
Can I receive international payments at the branch in MARGAO?
Yes, the office in MARGAO is fully equipped to receive international wire transfers via the SWIFT network. To ensure the funds are credited correctly, you must provide the sender with the SWIFT/BIC code CORPINBB142 and your full IBAN associated with your account at this location.
What is the correct address for a wire transfer to MARGAO?
When you are asked for the "Beneficiary Bank Address" on a wire transfer form, you should provide the specific physical location in MARGAO to ensure a smooth verification process:
UNION BANK OF INDIA, FORMERLY CORPORATION BANK
MARGAO, GOA, 403601, 403601, MARGAO, India
How long does it take for money to arrive at this India location?
Typically, an international transfer to the branch in MARGAO takes between 1 and 3 business days. To avoid delays, ensure the sender uses the specific code CORPINBB142. Transfers initiated on weekends or during local public holidays in India may take slightly longer to reflect in your account.
What happens if I use the SWIFT code for the wrong branch?
If you accidentally use a code for a different UNION BANK OF INDIA, FORMERLY CORPORATION BANK location instead of the one in MARGAO, your money is rarely lost. Instead, the bank will usually perform a "manual repair" to route the funds to the correct account based on your IBAN. However, this manual intervention often incurs a small additional fee and can delay the deposit by 24 to 48 hours.
Is this the same as the IBAN for my account in MARGAO?
No. The SWIFT code CORPINBB142 identifies the UNION BANK OF INDIA, FORMERLY CORPORATION BANK branch in MARGAO, whereas your IBAN identifies your specific, individual bank account. For a successful international transfer, you must provide both pieces of information to the sender.
SWIFT Codes for main India banks
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