New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    SWIFT code consists of ________ digits.

    A 9 Correct Answer Incorrect Answer
    B 10 Correct Answer Incorrect Answer
    C 11 Correct Answer Incorrect Answer
    D 12 Correct Answer Incorrect Answer
    E 7 Correct Answer Incorrect Answer

    Solution

    Swift Code  is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them. The Swift code consists of 8 or 11 characters.  

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