What Is SWIFT Code And What Is Its Use? How To Search For SWIFT Code?

What Is IFSC Code
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What Is SWIFT Code And What Is Its Use ? How To Search For SWIFT Code? – If you send money from India to another country or ask for money in your Indian account from another country, then this article is going to be very special for you. Because in this article we are going to give you information about SWIFT Code. In this article, we will tell you what is SWIFT Code and what is its use. At the same time, we will also tell you how to search for SWIFT Code?

If you have ever transferred money to another country, then you will definitely know about SWIFT Code. If you are a blogger or are on YouTube then you will be well aware of it because any blogger or on YouTube earns through Google Adsense and for this you have to provide SWIFT Code along with your bank account.

Before telling about SWIFT Code, we are going to give you information about IFSC Code. If you are an Indian and will be transferring money online through a bank account to someone in India, then an IFSC Code is required for this. That is why we are going to give you information about the IFSC Code as well.

What Is IFSC Code ?

The full form of IFSC Code is Indian Financial System Code. It is used during online money transfer. Actually, it is an 11 digit alpha digit code, which shows the name of the bank and the unique code of the branch.

For your information, let us know that different bank branches have different IFSC codes. During online money transfer, IFSC code is required during money transfer through IMPS or NEFT. If you have transferred money online to someone, then you will know very well about it.

Just as the IFSC Code is required for online transfer in India, similarly SWIFT Code is required for International Money Transfer. Without using SWIFT Code you cannot send money to anyone abroad and at the same time no person from abroad can send money to you. Now we are going to tell you what is SWIFT Code and what is its use?

What Is SWIFT Code And What Is Its Use ?

The full form of SWIFT Code is the Society for Worldwide Interbank Financial Telecommunications Code. It is used during International Money Transfer. The bank has complete information inside this code. With the help of SWIFT Code, you can easily find the country place and bank branch.

The first 4 characters of SWIFT Code denote Bank Name, then 2 character Country Code, followed by 2 Character Location Code and the last 3 characters represent Bank Branch / office.

For example, SWIFT Code of Bank of Baroda, Varanasi is BARBINBBVRN. In this, BARB means Bank Name i.e. Bank of Baroda, IN means Country Code i.e. India, BB means Business Branch i.e. Location and VRN means Branch Office i.e. Varanasi.

How To Know SWIFT Code Of Your Bank Branch ?

You can find the SWIFT Code of your bank branch online. For this, below will follow the process step by step:

  • First click on the following link: https://bank.codes.com/swift-code-search
  • After clicking on this link, you will scroll down a little and go down, then there will be written Search For A SWIFT Code.
  • Just below that, 4 Dropdown-menus appear.
  • Select your country by clicking on the first one here.
  • After this, select your Bank Name in the second box.
  • In the third box, select City Name.
  • On clicking in the fourth dropdown-menu, you will see an option, this is the SWIFT Code and click on it.
  • As soon as you click on SWIFT Code, all the information about Bank Name, SWIFT Code, Country, City, Branch Address, Post Code will be open.
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