SWIFT stands for Society for World Wide International
Financial Telecommunications.
The SWIFT code consists of 11 characters.
First 4 characters
- Bank code (only letters)
Next 2 characters
- Alpha-2 country code (only letters) eg. IN for INDIA
Next 2 characters
- location code (letters and digits) (passive participant will have
"1" in the second character)
Last 3 characters
- branch code, optional ('XXX' for primary office) (letters and digits)
