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What is swift code, What is swift banking.

What is Bank SWIFT Code?

Swift code uses to send money to overseas banks.
SWIFT code is a standard format of Bank Identifier Codes approved by the International Organization for Standardization.

It is the unique identification code of a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks.

You’ll need to give this code to anyone sending money to you from overseas.

The SWIFT code consists of 8 or 11 characters.

1.First 4 characters - Bank code 
2.Next 2 characters - Country code
3.Next 2 characters - Location code
4.Last 3 characters - Branch code, optional