In today’s globalized economy, cross-border money transfers have become a routine part of financial transactions. However, many individuals face delays or losses due to incorrect remittance details. Ensuring accurate transfers requires understanding the SWIFT codes of recipient banks. This article provides a detailed breakdown of ICICI Bank’s SWIFT code and its proper usage.
ICICI BANK'S SWIFT CODE: KEY DETAILS
ICICI Bank, one of India’s leading private financial institutions, uses the SWIFT code ICICINBB008 for international wire transfers. Providing this code is mandatory to ensure funds reach the intended account without errors.
- Bank Name : ICICI BANK LIMITED
- SWIFT Code : ICICINBB008
- City : HYDERABAD
- Address : T.G.V. MANSIONS, RAJ BHAVAN ROAD, KHAIRATABAD, HYDERABAD, TELANGANA, 500004
- Country : INDIA
WHY SWIFT CODES MATTER
SWIFT codes act as unique identifiers for financial institutions worldwide, enabling secure and efficient cross-border transactions. Omitting or misusing this information may result in failed transfers, frozen funds, or automatic refunds. Verifying the SWIFT code with the recipient bank before initiating any transaction is critical.
With the rise of digital banking, international transfers have become more accessible. However, users must exercise caution by double-checking all details, including the recipient’s account number and bank branch information. Those unfamiliar with the process should consult their bank’s customer service or a financial advisor to avoid errors.
CONCLUSION
ICICI Bank’s SWIFT code, ICICINBB008 , is a vital component for seamless international money transfers. Properly utilizing this code minimizes risks and ensures timely delivery of funds. Always confirm banking details before proceeding with transactions to prevent unnecessary complications.