When you send money abroad from India, your bank or forex dealer uses the SWIFT network to transfer funds. MT103 is the standard SWIFT message used for single customer credit transfers — it is essentially your proof of payment.
What is a SWIFT MT103?
MT103 is a SWIFT payment confirmation message that contains all details of an international wire transfer including sender details, recipient details, amount, currency, bank charges, and transaction reference number.
How to Track Your International Transfer
Once your remittance is processed, you will receive an MT103 copy. You can use the SWIFT reference number (UETR) to track your payment in real-time at swift.com/gpi-tracker.
Why Does MT103 Matter?
MT103 is your legal proof of transfer. If the recipient bank claims non-receipt, you can raise a SWIFT investigation using the MT103. Always keep a copy for your records.