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SWIFT Code of INDIAN OVERSEAS BANK in INDIA

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

Use of SWIFT Code INDIAN OVERSEAS BANK INDIA

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 INDIAN OVERSEAS BANK is required. List of INDIAN OVERSEAS BANK SWIFT Codes provided are Branches respectively.

What INDIAN OVERSEAS BANK 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: IOBAINBB121

• IOBA 4 letters: Institution Code or bank code.
• IN 2 letters: ISO 3166-1 alpha-2 country code
• BB 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.
• 121 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 INDIAN OVERSEAS BANK in INDIA

SWIFT Code INDIAN OVERSEAS BANK used to Transfer fund to International banks. SWIFTCode INDIAN OVERSEAS BANK are provide the broadest coverage of national bank identifiers. SWIFT Code is identifying INDIAN OVERSEAS BANK Country branches. SWIFT Code INDIAN OVERSEAS BANK is unique for each branch.