
In today's globalized financial environment, ensuring accurate fund transfers has become paramount. When conducting international remittances, how can you guarantee your money reaches its destination safely and promptly? The use of SWIFT codes serves as the critical solution to this challenge.
ICICI Bank's SWIFT/BIC Code
ICICI Bank, one of India's leading private banks, uses the SWIFT/BIC code ICICINBB002 . This code serves as both a fundamental requirement for fund transfers and an essential identifier for the specific bank branch.
Key Details About ICICI Bank
- Bank Name: ICICI BANK LIMITED
- City: BENGALURU
- Address: FLOOR 3, RAHEJA CHAMBERS, EAST WING, 26-27, M.G ROAD, BANGALORE URBAN, BENGALURU, KARNATAKA, 560001
- Country: INDIA
The Significance of SWIFT Codes
The integrity of SWIFT codes ensures the security of international transactions. When transferring funds to ICICI Bank, using ICICINBB002 guarantees precise delivery to the intended destination. These codes, comprising 8 to 11 alphanumeric characters, enable the global financial system to accurately identify specific bank branches.
Always verify the SWIFT code matches the recipient bank's information before initiating a transfer. Incorrect codes may cause delays or misdirected funds, potentially creating unnecessary complications.
How to Use SWIFT Codes for International Transfers
- Verify Information: Confirm the recipient's bank name, SWIFT code, and other relevant details before initiating the transfer.
- Select Transfer Method: Choose between online banking, bank counters, or other available options. Online banking typically offers greater convenience.
- Complete Transfer Details: Carefully enter the recipient's account information and SWIFT code in the transfer form, ensuring all details align.
- Finalize Transaction: After thorough verification, submit the transfer request. Most international transactions require several days to process.
Conclusion
ICICI Bank's SWIFT code ICICINBB002 plays a vital role in international money transfers. Whether for personal remittances or business transactions, understanding SWIFT codes and their proper use significantly reduces transfer risks and ensures fund security. Always verify banking details to prevent delays or losses caused by incorrect codes.