What is an SWIFT/BIC Code?

SWIFT codes means Society of Worldwide Interbank Financial Telecommunication Code. The Swift/BIC code is used to identify a particular branch of a bank or financial institution & it'll help you to transfer money internationaly and executor for cross-border payments.

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Maldives Information

About Maldives

Maldives is part of the continent of Asia. The Capital of Maldives is: Male. Capital timezone is: Indian/Maldives. Currency is: Rufiyaa.
Language Codes of Maldives : dv,en
Languages speak in Maldives : Dhivehi (official, dialect of Sinhala, script derived from Arabic), English (spoken by most government officials)
ISO Alpha-2 Code of Maldives is : MV
ISO Alpha-3 Code of Maldives is : MDV
ISO 3166-1 numeric (or numeric-3) Code of Maldives is : 462
ISD Code of Maldives is : +960
FIPS (Federal Information Processing System) Code is : MV
E.164 (The international telephone numbering plan) : 960
The top label domain of the Maldives is : .mv
Internet host in Maldives is : 3296
Internet users in Maldives is : 86400
Mobile phones in Maldives is : 560000
Landline phone in Maldives is : 23140
Area of Maldives is : 300 KM2
GEO Name ID Maldives is : 1282028
GDP of Maldives is : $2270000000

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SWIFT / BIC Code


What is SWIFT/BIC Code?

SWIFT codes are abbreviations for the Society of Worldwide Interbank Financial Telecommunication Code. A SWIFT code is a code that is used to identify the country, bank, and branch of an account. A SWIFT code is also known as a BIC (Bank Identifier Code), but they are the same thing.


Formation of SWIFT Code

The Swift Code is either eight or eleven digits long and a combination of letters and numbers.

  • The first four characters of the swift code are the bank code.
  • The next two digits are the country code.
  • The next two digits are the location code, and
  • The last three digits are optional and aid in identifying the specific bank branch.

Applications of SWIFT Code/BIC Code

The following are some examples of SWIFT or BIC code applications:

  • The Swift/BIC code is used to identify a specific branch of a bank or financial institution.
  • It aids in international money transfers and acts as an executor for cross-border payments.

Example: Breakdown of SWIFT/BIC Code

A

B

C

D

1

2

3

4

5

6

7

Bank Code

Country ISO Code

Location Code

Branch Code
(Optional)

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