IFSC vs SWIFT
- IFSC: domestic India transfers (NEFT/RTGS/IMPS).
- SWIFT: cross-border transfers.
- Not every branch has its own SWIFT code; many route via a central branch.
Guide
SWIFT code guide: BIC format and IFSC vs SWIFT
SWIFT/BIC codes for international transfers: 8 or 11 characters, how they differ from IFSC, and how to receive money from abroad in India.
Quick summary✔ RBI dataLast synced · release v2.0.62
A SWIFT code (BIC) identifies a bank for international transfers. It has 8 or 11 characters: bank (4), country (2, IN for India), location (2) and an optional branch (3). Indian domestic transfers use IFSC instead; inward foreign remittances need both the SWIFT code of the receiving bank and your account details.
FAQ
Questions
Can I use IFSC for an international transfer?
No. The sender's bank needs the SWIFT/BIC code; some banks also ask for the IFSC of your branch so the money can be credited in India.