
In today's globalized financial landscape, secure and efficient international money transfers have become increasingly important. When sending funds abroad, one crucial element ensures your money reaches its intended destination: the SWIFT code. For transactions involving ICICI Bank Limited, India's prominent commercial bank, the SWIFT code ICICINBB007 serves as this vital key.
Understanding ICICI Bank's SWIFT Code
ICICI Bank Limited, headquartered in New Delhi at Floor 9A, Phelps Building, Connaught Place, Delhi 110001, has established itself as a leader in international banking services. The bank's SWIFT code, ICICINBB007, follows the standard format where:
- "ICIC" represents the bank's identifier
- "IN" denotes India as the country code
- "BB" indicates the location code
- "007" specifies the branch identifier
When and How to Use the SWIFT Code
The ICICINBB007 code becomes essential whenever initiating an international transfer to ICICI Bank accounts. This standardized identifier ensures funds navigate the global banking network accurately, significantly reducing risks of delays or misdirected payments.
When preparing an international transfer, senders must provide:
- The complete SWIFT code (ICICINBB007)
- Beneficiary's full name as registered with the bank
- Exact account number
- Recipient's branch address
Important Considerations for International Transfers
Accuracy in providing banking details cannot be overstated. Even minor errors in account numbers or SWIFT codes may result in failed transactions or funds being credited to incorrect accounts. Once processed, recovering misdirected funds often proves challenging.
Before initiating transfers, consider comparing:
- Transaction fees across different banks
- Exchange rates offered
- Processing times
ICICI Bank's SWIFT code ICICINBB007 remains fundamental for secure and efficient international money transfers. Whether conducting personal remittances or corporate transactions, understanding and correctly using this banking identifier helps ensure seamless cross-border financial operations.