What is a SWIFT Code?
A **SWIFT Code** (sometimes called a BIC code) is a standard format for Business Identifier Codes (BIC) approved by the International Organization for Standardization (ISO).
Banks and financial institutions use these codes to identify themselves globally. They are crucial for executing **international money transfers** and wire operations.
- First 4 characters: Bank code (Letters only).
- Next 2 characters: Country code (ISO country code, e.g. IN for India).
- Next 2 characters: Location code (Letters or digits).
- Last 3 characters (Optional): Branch code (e.g. XXX for head office).
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