Have you ever been confused by SWIFT/BIC codes when making international money transfers? Understanding these codes is crucial for ensuring your funds reach the intended bank securely and efficiently. This article provides a detailed guide to ICICI Bank's SWIFT/BIC code—ICICINBB010—to help you avoid complications when sending money to this financial institution.
What Is a SWIFT/BIC Code?
SWIFT/BIC codes are unique identifiers assigned to financial institutions worldwide by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). This system facilitates secure and efficient cross-border transactions. Each code typically consists of 8 to 11 characters that identify the bank and its specific branch location.
Decoding ICICI Bank's SWIFT/BIC Information
- Bank Name: ICICI BANK LIMITED
- SWIFT Code: ICICINBB010
- City: KOCHI
- Address: FOTO FAST HOUSE, MAHATMA GANDHI ROAD, ERNAKULAM, KOCHI, KERALA, 682035
- Country: INDIA
ICICI Bank is one of India's leading private sector banks, known for its comprehensive financial services. In the SWIFT code ICICINBB010, 'ICIC' identifies the bank, 'IN' represents India (the country code), 'BB' indicates the location, and the final three digits '010' typically specify the particular branch.
How to Use SWIFT/BIC Codes for International Transfers
When transferring funds to ICICI Bank, always verify you're using the correct SWIFT code. Follow these steps:
- Verify recipient banking details: Confirm the complete bank name, address, and SWIFT code.
- Complete the transfer form: Enter "ICICINBB010" as the recipient bank's SWIFT code.
- Double-check all information: Ensure the recipient's account number and personal details match their bank records to prevent transfer errors.
The Importance of SWIFT Codes
Using correct SWIFT/BIC codes significantly reduces errors in international money transfers, ensuring both security and efficiency. Accurate banking information and proper SWIFT codes streamline cross-border transactions, enhancing your financial experience.
Understanding SWIFT/BIC codes is essential for successful international money transfers. By using ICICI BANK LIMITED's correct SWIFT code (ICICINBB010), you can execute seamless transactions without concerns about funds being delayed due to incorrect information. Always verify all details before initiating any transfer to ensure smooth processing.