what is a bank SWIFT/BIC code?
First of all, let's comprehend the utilization of swift code is employed for transfer cash internationally from one checking account to a different checking account. Society For Worldwide Interbank Financial Telecommunication could be a full kind of SWIFT code. SWIFT code is additionally referred to as a BIC code. BIC code stands for Bank symbol codes.SWIFT code or BIC code is approved by the ISO(International Organization for Standardization)
what is use of SWIFT/BIC code?
suppose you have got an associate account on any Indian bank and you would like to transfer cash to any us checking account by wire transfer during this case you have got the SWIFT code of that bank wherever you would like to transfer cash.