The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
The code formatted as below;
Example:UUUU IN 3M XXX
The easiest way to find your bank's SWIFT code is to select your bank name, select the city andvfinally select the branch of your bank to find bank SWIFT Code.
The full form of Swift is "Society for Worldwide Interbank Financial Telecommunication". Swift code provides a solid network worldwide to send and receive information in a secure, standardized and reliable environment. Find Swift Code of and other relevent details of branches in India
"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" as mentioned here.
Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as "Swift Codes". The "Swift" is the registered trademarks of S.W.I.F.T. SCRL with its registered office being at 'Avenue Adele 1, B-1310 La Hulpe, Belgium'.