SWIFT - BIC CODES are maintained and handled by the World SWIFT organization which is an acronym for “Society for Worldwide Interbank Financial Telecommunication”. Whenever you have to wire transfer the first information you need is to find the right SWIFT/BIC code for your transfer. SWIFT code is a standard format of Bank Identifier Codes (BIC) and it is unique for every bank branch or financial institution. These codes are used for transferring money between banks and transmitting messages between financial institutions and banks. Initially, these were known by SWIFT CODES but later also standardized as BIC which stands for “Business Identifier Codes”. BIC and SWIFT Codes are unique alphanumeric codes assigned to each bank branches over the world swift network, which enable us to hassle-free transactions and ease us with the fund's transfers.
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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. It says where that bank's head office is.
Branch Code 0-9 A-Z
3 digits specifying a particular branch. 'XXX' represents the bank’s head office.
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