SWIFT CODE

 SWIFT CODE

SWIFT stands for Society of Worldwide Interbank Financial Telecommunication.

For international business, SWIFT codes are a common part of conducting transactions

SWIFT code is a business Identification Code assigned to banks by SWIFT, as an easy cross-border payment solution.

Swift code is an alpha-numeric code comprising bank code, country code, location code and branch code.

Used by banks and financial institutions to identify themselves globally.

Mainly used to process international remittances or money transfers.

For transferring money within India you need an IFSC code, not a SWIFT code.

You need the beneficiary name, bank details, and account number along with a SWIFT code to make a transfer internationally.