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SWIFT BIC CODE Details for 1 Country 3840 Branches
 
 
 
 
 
BIC SWIFT Code Details for 1 Countries Banks/Institutions Branches
1   INDIA (3840)
  
What is Bank SWIFT Code ?
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same. The SWIFT code is 8 or 11 characters
Example: AAAAUK5CXXX
• AAAA 4 letters: Institution Code or bank code.
• UK 2 letters: ISO 3166-1 alpha-2 country code
• 5C 2 letters or digits: location code
• If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
• If the second character is "1", then it denotes a passive participant in the SWIFT network
• If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
• XXX 3 letters or digits: branch code, optional ('XXX' for primary office)
Where an 8-digit code is given, it may be assumed that it refers to the primary office.

What is the difference between bank swift code and bic code?
SWIFT and BIC codes are basically the same. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) handles the registration of these codes. For this reason, Bank Identifier Codes (BICs) are often called SWIFT addresses or codes. SWIFT codes or the bank identifier codes are provided to financial institutions by the Society for Worldwide Interbank Financial Telecommunication, which is put to use to identify financial as well as non-financial institutions.
IFSC: Indian Financial System Code
BSR: Basic Statistical Return
BIC: Bank Identifier Code
MICR: Magnetic ink character recognition
NEFT: National Electronic Funds Transfer
RTGS: Real Time Gross Settlement
CIN: Challan Identification Number
SWIFT: Society for Worldwide Interbank Financial Telecommunication

Domestic Bank Codes
Some countries also implement domestic bank code or clearing system to transfer money within their country . Examples are, Routing Number in United States (USA), Routing Number or Transit Number in Canada, Sort Codes in United Kingdom (UK),Bankenclearing-Nummer (BC) & SIX Interbank Clearing Codes (SIC) in Switzerland, Indian Financial System Code (IFSC) in India, Code Banque & Code Guichet In France, Codice ABI (ABI) & Codice di Avviamento Bancario (CAB Code) in Italy,National Sort Codes (NSC) in Ireland, Bankleitzahl (BLZ Codes) in Germany, Registreringsnummer (Reg. nr.) in Denmark, Bank State Branch (BSB number) in Australia and Bank State Branch (BSB number) in New Zealand.

Use of SWIFT Code of Bank Branches
SWIFT Code of Bank Branch can be used in transferring money overseas, international wire transfers, and also for the exchange of other messages between banks. Swift codes of Bank are provided by International Organization for Standardization (ISO). Swift Code identifies Bank branches which participate in overseas fund transfers. Swift code Bank is a unique code for each branch.