In the realm of international financial transactions, SWIFT/BIC codes serve as indispensable tools for seamless cross-border payments. Recently, the SWIFT code of ICICI Bank Limited – ICICINBB008 – has garnered significant attention for its role in facilitating efficient money transfers worldwide.
Headquartered in Hyderabad, India, at T.G.V. Mansions, Raj Bahvan Road, Khairatabad, Telangana 500004, ICICI Bank stands as one of India's premier financial institutions. The bank offers comprehensive international banking services, including dollar and euro denominated cross-border remittances.
For instance, when transferring funds to France using the bank's SWIFT code, a transaction of $10,000.00 would typically yield approximately €8,484.00 in the recipient's account. This demonstrates not only the verification capabilities of the SWIFT system but also highlights ICICI Bank's competitive exchange rates and transfer fees.
The SWIFT/BIC code serves as more than a simple identifier—it functions as a secure gateway within the global financial network. ICICI Bank maintains rigorous verification and update protocols for its SWIFT codes to ensure accurate and timely processing of all international transactions. Both individual and corporate clients benefit from understanding these financial mechanisms, which ultimately contribute to smoother international trade operations.
As global financial markets continue to integrate, the importance of reliable SWIFT codes like ICICI Bank's becomes increasingly apparent. This standardized system provides businesses and individuals with the confidence to engage in cross-border commerce, knowing their transactions will be processed securely and efficiently.