SWIFT Code / BIC code of Indian Bank Delhi, India

SWIFT Code / BIC code of Indian Bank Delhi, India

Indian Bank
Owned by the government of India, the Indian Bank was established on August 15 of 1907 as a part of the Swadeshi movement.
As one of the premier banks in the country, it has over 19,000 dedicated staff with branches in Singapore and Colombo.
Considered the tenth top bank in India by Business Today and KPMG, a global consultant firm, the Indian Bank is today has deposits worth Rs 105,804 crore (Rs 1,058.04 billion) and an operating profit of Rs 3,292 crore (Rs 32.92 billion).

 List of SWIFT Code / BIC code of Indian Bank Delhi, India

NDIAN BANK,DELHI,India: SWIFT/BIC Codes City Bank Branch Swift Code NEW DELHI INDIAN BANK CHANDNI CHOWK BRANCH  IDIBINBBCCK NEW DELHI INDIAN BANK DB GUPTA ROAD BRANCH IDIBINBBDBG NEW DELHI INDIAN BANK DEFENCE COLONY BRANCH  IDIBINBBDCY NEW DELHI INDIAN BANK GREATER KAILASH BRANCH  IDIBINBBGKH NEW DELHI INDIAN BANK NEHRU PLACE BRANCH IDIBINBBNPL NEW DELHI INDIAN BANK NEW DELHI MAIN BRANCH  IDIBINBBNDL NEW DELHI INDIAN BANK SHANTINIKETAN BRANCH  IDIBINBBSNK NEW DELHI INDIAN BANK SOUTH EXTENSIONBRANCH  IDIBINBBSXT

What is BIC?
Bank Identifier Code (BIC), SWIFT codes and Routing Code are basically the same. 


What is SWIFT Code ?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.) These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between
banks. The codes can sometimes be found on account statements.
Currently, there are over 7,500 “live” Swift codes. The "live" codes are for the partners who are actively connected to the Swift network. On top of that, there are more than 10,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants.

The SWIFT code / BIC Code are  8 or 11 characters,

Example: TBNFFR43PAR

• TBNF : 4 letters: Institution Code or bank code. 
• FR :  2 letters: ISO 3166-1 alpha-2 country code
• 43 : 2 letters or digits: location code
• If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
• If the second character is "1", then it denotes a passive participant in the SWIFT network
• If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
• PAR  : 3 letters or digits: branch code, optional ('PAR' for primary office)

Where an 8-digit code is given, it may be assumed that it refers to the primary office. 

Currently, there are over 7,500 “live” Swift codes. The "live" codes are for the partners who are actively connected to the Swift network. On top of that, there are more than 10,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants.

Use of SWIFT Code:

Your bank uses its ABA routing number and your bank account number to execute domestic wire transfers; international transfers are made through the SWIFT system. Wire transfers outside the banking system involve proprietary transfer systems that make it possible to send and receive money worldwide in minutes or hours, rather than days, to and from locations far removed from banking institutions. These services can be pricey, and not all such services are legitimate. The codes can sometimes be found on account statements. To do Overseas funds transfer the SWIFT Code  is required.