Understanding Structure of SWIFT
SWIFT code is an 8 to 11 Digit Code, depending upon the country. Let’s suppose the SWIFT Code is ABCD-XY-MN-123.
1. Bank Code: Where the First four letter signifies the Bank Code, i.e., ABCD
2. Country Code: The next two letter signifies Country Code, i.e., XY
3. Location Code: The next two letters signify Location Code, i.e., MN
4. Branch Code: The next three letters signify Branch Code, i.e., 123