In today's globalized financial landscape, cross-border money transfers have become an essential part of daily life. To ensure funds reach their intended destination accurately, SWIFT codes play a crucial role. Understanding how to properly use ICICI Bank's SWIFT code for international transactions is vital for seamless money transfers.
ICICI Bank's SWIFT/BIC code is ICICINBB005 . This unique identifier breaks down as follows: ICICI (bank code), IN (country code for India), BB (location code), with the 005 suffix indicating the specific branch. Proper utilization of this code effectively identifies and verifies the recipient bank's information.
Headquartered in Pune, Maharashtra, India, ICICI Bank's primary address is "A" Sharngrila Gardens, Pune, Maharashtra, 411001. When initiating international transfers using the SWIFT code, accuracy in specifying both the city and branch address significantly reduces potential delays or errors in fund processing.
International wire transfers require senders to provide complete recipient details, including the bank's name, SWIFT code, and physical address. The precision of this information directly impacts both the security and speed of the transaction. The SWIFT network serves as the critical intermediary infrastructure that facilitates these cross-border payments, with the ICICINBB005 code ensuring efficient and secure routing.
Whether conducting personal remittances or corporate transactions, using the correct SWIFT code ICICINBB005 remains fundamental for accurate and timely fund transfers. Understanding and properly applying this financial identifier is key to successful international banking operations.