If you're planning an international money transfer to or from bank, you'll need the correct SWIFT Code. A SWIFT code is a standard format of Business Identifier Codes (BIC) used worldwide to uniquely identify banks and financial institutions. Approved by the International Organization for Standardization (ISO), the SWIFT Code ensures that your funds reach the correct bank branch securely and efficiently.
The SWIFT Code in India is a unique 8 or 11-character code that helps identify specific branches during overseas fund transfers. When you transfer money internationally, banks use the SWIFT system to securely communicate and complete transactions.
A typical SWIFT Code format looks like this:
For example: UTIBINBBXXX is a sample structure for SWIFT codes. If an 8-digit SWIFT code is provided, it usually refers to the bank's main (primary) office.