Madras Stock Exchange Limited Swift Code

SWIFT Code of MADRAS STOCK EXCHANGE LIMITED in CHENNAI (MADRAS)

SWIFT Code MADRAS STOCK EXCHANGE LIMITED can be used in transferring money overseas. Swift codes of MADRAS STOCK EXCHANGE LIMITED CHENNAI (MADRAS) are provided by International Organization for Standardization (ISO). Swift Code identifies MADRAS STOCK EXCHANGE LIMITED branches which participate in Overseas fund transfers. Swiftcode MADRAS STOCK EXCHANGE LIMITED is a unique code for each branch.

Use of SWIFT Code MADRAS STOCK EXCHANGE LIMITED CHENNAI (MADRAS)

CHENNAI (MADRAS) SWIFT 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. To do Overseas funds transfer the SWIFT Code MADRAS STOCK EXCHANGE LIMITED is required. List of MADRAS STOCK EXCHANGE LIMITED SWIFT Codes provided are Branches respectively.

What MADRAS STOCK EXCHANGE LIMITED is 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 a standard format of Business Identifier Codes 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: XMDSIN51XXX

• XMDS 4 letters: Institution Code or bank code.
• IN 2 letters: ISO 3166-1 alpha-2 country code
• 51 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

Where an 8-digit code is given, it may be assumed that it refers to the primary office.

SWIFT Code For MADRAS STOCK EXCHANGE LIMITED in CHENNAI (MADRAS)

SWIFT Code MADRAS STOCK EXCHANGE LIMITED used to Transfer fund to International banks. SWIFTCode MADRAS STOCK EXCHANGE LIMITED are provide the broadest coverage of national bank identifiers. SWIFT Code is identifying MADRAS STOCK EXCHANGE LIMITED Country branches. SWIFT Code MADRAS STOCK EXCHANGE LIMITED is unique for each branch.