ICICI Bank Publishes Guide on International Funds Transfers

This article introduces the SWIFT code ICICINBB009 for ICICI Bank and its significance in international remittance. It provides an example of exchange rates when sending money to France and emphasizes the importance of ensuring the accuracy of information.
ICICI Bank Publishes Guide on International Funds Transfers

When making international wire transfers, ensuring the accuracy of the SWIFT/BIC code is critical. For ICICI Bank, one of India’s most prominent financial institutions, the SWIFT code is ICICINBB009 , representing ICICI BANK LIMITED. This code is particularly relevant for transactions involving the bank’s branch in Chennai, a major city in southern India.

For those sending money abroad, especially to destinations like France, questions about exchange rates and fees often arise. For instance, if you transfer $10,000 , the recipient may receive approximately €8,489 , though the final amount can vary due to fluctuating exchange rates and bank charges. Understanding these factors beforehand helps avoid surprises.

The full address associated with this SWIFT code is: PRAKASH PRESIDIUM, 110, NUNGAMBAKKAM HIGH ROAD, CHENNAI, TAMIL NADU, 600034, INDIA . To prevent delays or errors, it is advisable to double-check the bank name, branch details, and country information before initiating a transaction.

The correctness of a SWIFT code directly impacts the success of a transfer. Always verify the code’s validity before proceeding with international transactions to ensure funds reach the intended account securely and on time. Additionally, opting for efficient payment methods, such as direct debit, can streamline the process. By adhering to these steps, senders can facilitate smoother transactions and guarantee the timely arrival of funds.