What is SWIFT code and Procedure of identifications of SWIFT?
What is SWIFT code?
SWIFT is a short form for “Society for Worldwide Interbank Financial Telecommunication Code”.
A unique identification code assigned to a specific bank to proceeds money transfer between banks internationally.
Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank.
How to Identify SWIFT Code?
The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. Below is the example-
·First 4 characters - bank code (only letters)
·Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
· Next 2 characters - location code (letters and digits)
· Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)
What is the SWIFT code or BIC code of Nepal Credit and Commerce Bank Limited?
Bank name: NEPAL CREDIT AND COMMERCE BANK LTD.
Swift code: NBOCNPKA
Bank address: KATHMANDU METROPOLITAN CITY, 31 WARD, BAGMATI ZONE, BAGBAZAR
City: KATHMANDU
Country: Nepal
SWIFT code or BIC code of "NEPAL CREDIT AND COMMERCE BANK LTD " is "NBOCNPKA". SWIFT code or BIC code is used in wire/electronic transfer payment method.
Through SWIFT code or BIC code of "NEPAL CREDIT AND COMMERCE BANK LTD " in Nepal(NP), you can easily transfer the
money or fund in accounts. BIC Code "NBOCNPKA" used to Transfer fund to International banks which is known as wire transfer.
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