Have you heard about SWIFT Codes? If you want to know more about them, you’re in the right place! This article will explain what a SWIFT code is, how it works, and provide a list of SWIFT/BIC Codes for all the banks in Nepal.
What is a SWIFT Code?
A SWIFT code is an international bank code used to identify specific banks around the world. It’s also called a Bank Identifier Code (BIC). SWIFT codes are used for transferring money between banks, especially for international wire transfers. If you use services like Google Adsense, YouTube, Freelancing Websites, Amazon Kindle, or Payoneer, you need a SWIFT code to receive payments.
How Does a SWIFT Code Work?
Banks in Nepal, like banks everywhere, have their own unique SWIFT codes or BICs. When you want to transfer money to a bank in another country, you need this code along with the bank account number.
Format of a SWIFT/BIC Code
A SWIFT code has 8-11 characters and identifies the country, city, bank, and branch. Here’s how it’s formatted:
- First 4 characters – Bank Code (only letters)
- Next 2 characters – Country Code (only letters)
- Next 2 characters – Location Code (letters and digits)
- Last 3 characters – Branch Code, optional (letters and digits)
Where Can I Find My SWIFT/BIC Code?
You can find your bank’s SWIFT code in a few ways:
- Check your bank account statements.
- Do a Google search for your bank’s SWIFT code.
- Visit a website that lists SWIFT codes by selecting your country, then your bank, and branch.
Here’s the list of Class A banks in Nepal along with their SWIFT codes in a table:
| S.N. | Name of Bank | SWIFT/BIC Code |
|---|---|---|
| 1 | Agriculture Development Bank | ADBLNPKA |
| 2 | Nepal Bank | NEBLNPKA |
| 3 | Rastriya Banijya Bank | RBBANPKA |
| 4 | Citizens Bank International | CTZNNPKA |
| 5 | Everest Bank | EVBLNPKA |
| 6 | Global IME Bank Limited | GLBBNPKA |
| 7 | Himalayan Bank | HIMANPKA |
| 8 | Kumari Bank | KMBLNPKA |
| 9 | Laxmi Bank | LXBLNPKA |
| 10 | Machhapuchhre Bank | MBLNNPKA |
| 11 | Nabil Bank | NARBNPKA |
| 12 | Nepal Investment Bank | NIBLNPKT |
| 13 | Nepal SBI Bank | NSBINPKA |
| 14 | NIC Asia Bank | NICENPKA |
| 15 | NMB Bank Nepal | NMBBNPKA |
| 16 | Prabhu Bank | PRVUNPKA |
| 17 | Prime Commercial Bank | PCBLNPKA |
| 18 | Sanima Bank | SNMANPKA |
| 19 | Siddhartha Bank | SIDDNPKA |
| 20 | Standard Chartered Bank | SCBLNPKA |
Top FAQs about SWIFT Codes
1. Why do I need a SWIFT code?
A SWIFT code is essential for international money transfers. It helps identify the specific bank where the money should be sent.
2. Is a SWIFT code the same as an IBAN?
No, a SWIFT code identifies a bank, while an IBAN (International Bank Account Number) identifies an individual account.
3. Can I find the SWIFT code on my bank’s website?
Yes, many banks list their SWIFT codes on their websites. You can also find them on your bank statements.
4. Are SWIFT codes used only for international transactions?
Mostly, yes. SWIFT codes are primarily used for international wire transfers. However, some domestic transfers may also require a SWIFT code.
5. What happens if I use the wrong SWIFT code? Using the wrong SWIFT code can delay the transfer or cause the money to be sent back. Always double-check the SWIFT code before making a transfer.
Conclusion
That’s all you need to know about SWIFT codes. I hope this article helped you understand what a SWIFT code is and how it works. If you have any questions, feel free to leave a comment.
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