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Bank Codes - The Difference

This presentation will help you to know the difference between the bank codes.<br>For more details visit - http://banksifsccodes.com/index.php/BANK_OF_INDIA-IFSC-Code

KevinFlores
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Bank Codes - The Difference

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  1. Bank Codes Know The Difference Between The Bank Codes Presented By, Kevin Flores, Banks IFSC Codes. http://banksifsccodes.com/

  2. Getting Started: • Have you ever wanted to know the difference between the various bank codes? • If yes, then do you know what the bank codes exactly means? • Most of us will answer this question with a big NO. Isn’t it? • Don’t worry. Here is a post to help you know better about your frequently used bank terms. http://banksifsccodes.com/

  3. SWIFT And BIC Codes: • First let us see about the most common term SWIFT codes. • SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. • It is a cooperative society that aims to provide a communication network for transactions. • This is an authorized and standardized format for BIC codes. http://banksifsccodes.com/

  4. BIC Codes: • The term BIC stands for Business Identifier Code. • Earlier this was known as Bank Identifier Code. • SWIFT codes and BIC codes are one and the same and it manages and registers the SWIFT/BIC codes. http://banksifsccodes.com/

  5. IBAN Code: • It stands for International Bank Account Number, and it is a unique and internationally recognized number that will aims to provide the details of a user’s bank account. • It may contain up to 34 alphanumeric characters and those characters are uppercase and numbers only. http://banksifsccodes.com/

  6. The Difference: What Is The Difference Between IBAN And SWIFT Code? • IBAN code may be used to identify the account since it implies a bank’s account number, to which you need to transfer the amount. • Whereas SWIFT codes are used to locate the bank and its corresponding branch where the account lies. http://banksifsccodes.com/

  7. What Is The Difference Between IBAN And BIC Code? • It is the same as explained in the above, since SWIFT code and the BIC code are one and the same. • Related Read: Know Your Bank Of India Branches. http://banksifsccodes.com/

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