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
Where an 8-digit code is given, it may be assumed that it refers to the primary office.
There are more then 40,000 "live" SWIFT codes are bavailable. The "live" codes are for the partners who are actively connected to the Swift network. On top of that, there are more than 50,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants.
SWIFT Code is used to Transfer fund to International banks. SWIFT Code Bank are provide the broadest coverage of national bank identifiers. SWIFT Code is identifying Bank Country branches. SWIFT Code Bank is unique for each branch.