ICICI Bank SWIFT Code Guide for Global Transfers

This article provides a detailed explanation of ICICI Bank's SWIFT code ICICINBB008, outlining its structure and significance in international remittances. It also guides users on how to ensure their funds are safely and quickly transferred to the designated account.
ICICI Bank SWIFT Code Guide for Global Transfers

In the fast-paced world of global finance, international wire transfers serve as a vital tool for individuals and businesses conducting cross-border transactions. However, selecting the right bank and understanding its SWIFT code can often be confusing, especially for first-time users.

Taking ICICI Bank as an example, this article explores the importance of SWIFT codes and how to use them effectively. ICICI Bank's complex structure frequently puzzles new customers, making it essential to clarify what a SWIFT code is and why knowing ICICI Bank's specific code matters.

ICICI Bank's SWIFT Code: ICICINBB008

ICICI Bank's SWIFT code, ICICINBB008 , serves as both an identifier and a crucial element in ensuring seamless cross-border fund transfers. This alphanumeric combination consists of four distinct parts:

  • Bank Code (ICIC) : A unique four-letter identifier representing ICICI Bank.
  • Country Code (IN) : A two-letter code indicating the bank's location in India.
  • Location Code (BB) : Two letters designating the bank's headquarters.
  • Branch Code (008) : Three digits specifying the particular branch.

When sending funds to ICICI Bank using this SWIFT code, ensure the recipient's address details are accurate. ICICI Bank's headquarters address is: T.G.V. Mansions, Raj Bahvan Road, Khairatabad, Hyderabad, Telangana, 500004, India .

Why SWIFT Codes Matter

Using the correct SWIFT code is critical in international transactions. Even minor errors can lead to delays or failed transfers. Typically, SWIFT codes contain 8 to 11 characters, with those ending in 'XXX' usually referring to a bank's head office.

For frequent international transactions—whether by businesses or individuals—understanding SWIFT codes enhances both efficiency and security. Always verify the latest SWIFT code before initiating a transfer, as outdated information may cause complications.

While modern financial platforms often automate SWIFT code validation, manually confirming the details remains a prudent step to avoid errors.

Key Takeaways

ICICI Bank's SWIFT code, ICICINBB008 , is fundamental to its international operations. Proper knowledge and application of this code help guarantee secure and timely fund transfers.

In today's digital era, financial literacy—including understanding SWIFT codes—is indispensable for navigating global transactions with confidence.