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  1. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO).

    • IFSC CODE

      IFSC CODE - IFSC Code, SWIFT Code, MICR, BSR, BIC -...

    • SWIFT CODE

      SWIFT CODE - IFSC Code, SWIFT Code, MICR, BSR, BIC -...

    • MICR CODE

      MICR CODE - IFSC Code, SWIFT Code, MICR, BSR, BIC -...

    • BSR CODE

      What is BSR Code ? Basic Statistical Return (BSR) 7 digit...

  2. SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows: AAAA BB CC DDD. First 4 characters - bank code (only letters) Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)

  3. May 3, 2024 · To summarise: SWIFT/BIC codes are required almost any time money is transferred internationally to a bank account; whereas IFSC codes are only needed when sending money from one bank to another in India or sending money from overseas to an account in India.

  4. Everything you need to find the right SWIFT/BIC code for your transfer. Search by bank or country to find the right branch code. Or, if you already have a code, you can use our checker tool to make sure it’s correct.

  5. Jun 7, 2024 · Swift code and IFSC code have key differences in usage and purpose. Swift code is for international transfers while IFSC code is for domestic transfers. Swift code consists of 8-11 characters generated by SWIFT; IFSC code consists of 11 characters generated by RBI.

  6. Understanding the differences between IFSC and SWIFT codes is essential for anyone engaging in financial transactions, whether they are domestic or international in scope. Proper usage of the IFSC and SWIFT codes is critical to avoid errors and delays in fund transfers and to maintain the integrity of the financial system.

  7. A SWIFT/BIC is an 8-11 character code that identifies your country, city, bank, and branch. Bank code A-Z 4 letters representing the bank. It usually looks like a shortened version of that bank's name. Country code A-Z 2 letters representing the country the bank is in. Location code 0-9 A-Z 2 characters made up of letters or numbers.