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Discussion

Society for Worldwide Interbank Financial Telecommunication (SWIFT) is 8 to 11 __________.

  • A.digit code
  • B.Alphabetic code
  • C.Alpha numeric code
  • D.None of these

Answer: B

Correct answer: Alpha numeric code

A SWIFT/BIC code runs to 8 or 11 characters and is alphanumeric: 4 letters for the institution, 2 letters for the country, then 2 characters for the location and an optional 3 for the branch - and those last two groups may contain digits as well as letters. HDFCINBBXXX and ICICINBB001 are both valid, which is why “alphabetic” is too narrow.

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