Friday, 30 December 2011

I have been given a swift code of 8 digits instead of 11 digits. What should I do ?

4. I have been given a swift code of 8 digits instead of 11 digits. What should I do ?

Ans: It is important to note that swift codes are either 8 digit or 11 digit alpha numeric characters. But based on the swift code you can either use 8 digit number or 11 digit number. If a bank has a common swift code say: HDFCINBBXXX that means you need not use XXX and hence you can just use HDFCINBB. But using HDFCINBBXXX in full won't affect your transaction even.

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