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Find SWIFT Code of All Banks and Financial Institutions in India


All Banks in India for SWIFT Code


SWIFT code is used by banks and financial institutions which can take part in an international wire transfer. For a person to either send or receive money from a bank in India to any bank outside India, the bank would need a SWIFT code to participate in the funds transfer. Easy to use form below will help find right SWIFT code your bank or financial institution.






What is SWIFT code


SWIFT code is an international bank code that identifies particular bank worldwide. This code is essential for performing international banking transactions. It's also known as a Bank Identifier Code (BIC). A SWIFT code consists of 8 or 11 characters. BICs and SWIFT Codes can be used interchangeably and are one and the same thing.

What does SWIFT stand for

SWIFT stands for the “Society for Worldwide Interbank Financial Telecommunication”.

How many digits are there in a SWIFT code

A SWIFT code is a popular term for a Bank Identifier Code (BIC). It is an eight- or11-digit code that identifies your country, city, bank, and (11-digit only) branch.

  • The first four characters (alphabets) depict the bank codes.
  • The next two characters (alphabets) depict the country code.
  • The next two characters (alphanumeric) are location-based codes.
  • The last three characters of the code (alphanumeric) are optional. These last three characters depict the branch code.

What does SWIFT do

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. This society also sells software and services to financial institutions for use on the SWIFTNet Network. These Bank Identifier Codes which were earlier termed as Business Identifier Codes are also called "SWIFT codes".

What does SWIFT do

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. This society also sells software and services to financial institutions for use on the SWIFTNet Network. These Bank Identifier Codes which were earlier termed as Business Identifier Codes are also called "SWIFT codes".

How do banks use SWIFT network

Most of the international interbank messages use the SWIFT network. As of 2015, SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day (compared to an average of 2.4 million daily messages in 1995. SWIFT transports financial messages in a highly secure way but does not hold accounts for its members and does not do any form of clearing or settlement. SWIFT does not facilitate funds transfer: rather, it sends payment orders, which must be settled by correspondent accounts that the institutions have with each other. Each financial institution, to exchange banking transactions, must have a banking relationship by either being a bank or affiliating itself with one (or more) so as to enjoy those particular business features. – (source Wikipedia)

How was the SWIFT formed

SWIFT is a cooperative society formed under Belgian law owned by its member financial institutions and having offices around the world. SWIFT headquarters are in La Hulpe, Belgium. The chairman of SWIFT is Yawar Shah, originally from Pakistan and its CEO is Gottfried Leibbrandt, originally from the Netherlands.

Which services require SWIFT

There are four key areas that SWIFT services fall under in the financial marketplace: Securities, Treasury & Derivatives, Trade Services and Payments & Cash Management.

How is SWIFT code different from IFSC code

SWIFT code which is short for Society for Worldwide Interbank Financial Telecommunication is a code used by banks which can take part in an international wire transfer. For a person to either send or receive money from a bank in India to any bank outside India, the bank would need a SWIFT code to participate in the funds transfer. Whereas IFSC code is used for funds transfer within India.

Is MICR code same as SWIFT code

MICR code stands for Magnetic Ink Character Recognition code. This code has been devised for faster processing of checks. While SWIFT codes are used for international interbank transactions

How are SWIFT codes beneficial to everybody

SWIFT codes have made international transactions easier and quicker.