SWIFT Code. The SWIFT code is an 8 or 11 alphanumeric characters code that uniquely identifies financial institution. A SWIFT code is a universal way of identifying banks throughout the world. SWIFT code stands for 'Society for Worldwide Interbank Financial Telecommunication' code.IBAN vs. a SWIFT Code: An Overview. There are two internationally recognized, standardized methods of identifying bank accounts when a transfer is being made from one country to another, an International Bank Account Number – IBAN and a Society for Worldwide Interbank Financial Telecommunication – SWIFT code.these bank branch has no swift code . ... My bank branch has no swift code . the manager of branch told me that -- swift code is only used for international currency conversion . hence you can use the swift code of any branch of same bank of any city in india . and put your branch ifsc code and account number .
Differences of Swift Code and Ifsc Code
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