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SWIFT Code of STATE BANK OF INDIA in INDIA

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

Use of SWIFT Code STATE BANK OF INDIA 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 STATE BANK OF INDIA is required. List of STATE BANK OF INDIA SWIFT Codes provided are Branches respectively.

What STATE BANK OF INDIA 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: SBININBB437

• SBIN 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.
• 437 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 STATE BANK OF INDIA in INDIA

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