A Comprehensive Guide to the AD Code List of All Banks

A Comprehensive Guide to the AD Code List of All Banks


In the world of international trade and financial transactions, the AD Code list is a vital component, ensuring that businesses and individuals can seamlessly engage in cross-border dealings. The Authorized Dealer Code, commonly known as the AD Code, is a unique code assigned by Reserve Bank of India (RBI) to banks and financial institutions in India. This code simplifies foreign exchange transactions by acting as an identifier for tracking, reporting, and processing international payments. In this article, we will delve into the significance of AD codes and provide a comprehensive list of AD codes for various banks in India.

Understanding the AD Code

The AD Code is a 14-digit alphanumeric code that is assigned to each authorized dealer (bank or financial institution) by the RBI. This code is a crucial element in facilitating foreign exchange transactions, as it helps in identifying the specific bank through which a transaction is processed. With the AD Code, the RBI can monitor and regulate foreign exchange flows, making it an essential tool for maintaining economic stability and preventing money laundering.

The Importance of AD Codes

  1. Regulatory Compliance: AD Codes are a mandatory requirement for authorized dealers in India. Any individual or business involved in foreign exchange transactions must quote the AD Code on relevant documents, ensuring compliance with RBI regulations.
  2. Tracking Transactions: AD Codes help the RBI and other regulatory bodies track international transactions, making it easier to monitor the flow of foreign exchange and maintain the stability of the Indian economy.
  3. Reducing Errors: AD Codes eliminate the possibility of errors or misidentification during cross-border transactions. This ensures that the funds are routed through the correct bank, reducing the chances of misdirected payments.
  4. Preventing Money Laundering: AD Codes play a significant role in preventing money laundering and illegal financial activities. They establish a clear trail for authorities to follow in case of suspicious transactions.

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A List of AD Codes for Major Banks in India

To facilitate international trade and transactions, here is a list of AD codes for some of the major banks in India. Please note that this list may not be exhaustive, and the AD codes are subject to change, so it’s advisable to verify the codes with the respective banks or the RBI for the most up-to-date information.

  • State Bank of India (SBI): The AD Code for SBI is SBININBBFXD.
  • ICICI Bank: The AD Code for ICICI Bank is ICICINBBCTS.
  • HDFC Bank: The AD Code for HDFC Bank is HDFCINBBXXX.
  • Axis Bank: The AD Code for Axis Bank is AXISINBB002.
  • Punjab National Bank (PNB): The AD Code for PNB is PUNBINBBISB.
  • Canara Bank: The AD Code for Canara Bank is CNRBINBB.
  • Bank of Baroda: The AD Code for Bank of Baroda is BARBINBBXXX.
  • IDBI Bank: The AD Code for IDBI Bank is IBKLINBB010.
  • Union Bank of India: The AD Code for Union Bank of India is UBININBBGFX.
  • Kotak Mahindra Bank: The AD Code for Kotak Mahindra Bank is KKBKINBBXXX.

Applying for an AD (Authorized Dealer) Code in India is a necessary step for businesses and individuals who engage in foreign exchange transactions. This 14-digit alphanumeric code is provided by the Reserve Bank of India (RBI) and helps streamline cross-border transactions. To apply for an AD Code, follow these steps:

1- Choose the Appropriate Category:

AD Codes are issued based on the category of the applicant. The two primary categories are:

  • Corporate Entities: This includes companies, partnerships, LLPs, and other corporate bodies.
  • Individuals and Proprietorship Firms: This category covers individual applicants and sole proprietorship firms.

2- Select an Authorized Dealer (Bank):

To obtain an AD Code, you need to select an authorized dealer (usually a bank) that will process your foreign exchange transactions. You can choose from various banks that are authorized by the RBI to provide this service. Ensure you have a bank account with the selected authorized dealer.

3- Prepare the Required Documents:

The documents required may vary depending on the category of the applicant. Generally, the following documents are necessary:

For Corporate Entities:

  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Board resolution for obtaining the AD Code
  • KYC documents for the company and its authorized signatories
  • PAN card of the company
  • Bank account details with the authorized dealer

For Individuals and Proprietorship Firms:

  • Identity proof (such as Aadhar Card, Passport, or Voter ID)
  • GST Registration
  • Address proof
  • PAN card
  • Bank account details with the authorized dealer

4- Contact the Chosen Authorized Dealer:

Reach out to the authorized dealer you’ve selected and express your intent to obtain an AD Code. They will guide you through the application process and provide you with the necessary application forms.

5- Complete the Application Forms:

Fill out the application forms provided by the authorized dealer. Ensure that you provide accurate and complete information.

6- Submit the Application:

Submit the filled application forms along with the required documents to the authorized dealer. Make sure to provide all the necessary information and double-check for accuracy.

7- Verification and Processing:

 The authorized dealer will review your application and documents. They may conduct additional verification checks. Once they are satisfied with the information, they will forward your application to the RBI.

8- Receive the AD Code:

Once the RBI approves your application, you will receive the AD Code from the authorized dealer. This code is essential for all your foreign exchange transactions.

9- Compliance:

Ensure that you comply with all RBI regulations and reporting requirements for foreign exchange transactions. Keep your AD Code handy for quoting in all relevant documents.

10- Keep Records:

Maintain records of all foreign exchange transactions, including the AD Code, as this information may be required for auditing or regulatory purposes.

Remember that the specific requirements and processes may vary depending on the authorized dealer and changes in RBI regulations. It’s essential to contact your chosen bank or authorized dealer for the most up-to-date information and guidance on applying for an AD Code.


The AD Code system is a critical component of India’s foreign exchange management framework. By providing a unique identifier for authorized dealers, it simplifies and streamlines cross-border transactions while ensuring regulatory compliance. This list of AD codes for major banks in India is a valuable resource for businesses and individuals engaged in international trade and finance. However, it’s essential to stay updated on any changes in AD codes by consulting the respective banks or the Reserve Bank of India to ensure smooth foreign exchange operations.

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