1.a Swift Code used by banks and financial institutions To make a mark on the world stage
2.SWIFT code is mainly used to process international remittance or money transfer
3.Swift code is an alphanumeric code Bank code includedcountry code, Area Code and specific branch codes.
4. You will need beneficiary name, bank details, account number, account number along with SWIFT code for making transfer.
5. To transfer money within India, you need an IFSC code, not a SWIFT code.
Content on this page is courtesy of Center for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
2.SWIFT code is mainly used to process international remittance or money transfer
3.Swift code is an alphanumeric code Bank code includedcountry code, Area Code and specific branch codes.
4. You will need beneficiary name, bank details, account number, account number along with SWIFT code for making transfer.
5. To transfer money within India, you need an IFSC code, not a SWIFT code.
Content on this page is courtesy of Center for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.