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- AAAA BB CC DDD
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 NIC ASIA BANK LIMITED?
Bank name: NIC ASIA BANK LIMITED
Swift code: NICENPKA
Bank address: TRADE TOWER NEPAL, THAPATHALI
City: KATHMANDU
SWIFT code or BIC code of "NIC ASIA BANK LIMITED " is "NICENPKA". SWIFT code or BIC code is used in wire/electronic transfer payment method.
Through SWIFT code or BIC code of "NIC ASIA BANK LIMITED " in Nepal(NP), you can easily transfer the money or fund in accounts. BIC Code "NICENPKA" used to Transfer fund to International banks which is known as wire transfer.
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