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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Nepal Information

About Nepal

Nepal is part of the continent of Asia. The Capital of Nepal is: Kathmandu. Capital timezone is: Asia/Kathmandu. Currency is: Rupee.
Language Codes of Nepal : ne,en
Languages speak in Nepal : Nepali (official) 44.6%, Maithali 11.7%, Bhojpuri 6%, Tharu 5.8%, Tamang 5.1%, Newar 3.2%, Magar 3%, Bajjika 3%, Urdu 2.6%, Avadhi 1.9%, Limbu 1.3%, Gurung 1.2%, other 10.4%, unspecified 0.2%
ISO Alpha-2 Code of Nepal is : NP
ISO Alpha-3 Code of Nepal is : NPL
ISO 3166-1 numeric (or numeric-3) Code of Nepal is : 524
ISD Code of Nepal is : +977
FIPS (Federal Information Processing System) Code is : NP
E.164 (The international telephone numbering plan) : 977
The top label domain of the Nepal is : .np
Internet host in Nepal is : 41256
Internet users in Nepal is : 577800
Mobile phones in Nepal is : 18138000
Landline phone in Nepal is : 834000
Area of Nepal is : 140800 KM2
GEO Name ID Nepal is : 1282988
GDP of Nepal is : $19340000000

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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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