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Old September 28th, 2016, 04:34 PM
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Join Date: Apr 2013
Default Re: State Bank of Travancore Wire Transfer

Hey!!! The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO).

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 SWIFT code is 8 or 11 characters,

Example: BBBBUS3M889

-BBBB 4 letters: Institution Code or bank code.

-US 2 letters: ISO 3166-1 alpha-2 country code

-3M 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.

-489 last 3 letters or digits: branch code

SWIFT Code of Trikkakara Main Branch of State Bank of Travancore is SBTRINBB 235
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