What is difference between swift code and ifsc code?

Answer 1

SWIFT - (Society for Worldwide Interbank Financial Telecommunication ) is the code used for identifying the banks for international fund transfers. This is used for international transactions.

IFSC - ( Indian Financial System Code) - is used for identifying particular branch  (specific branches with inter-bank fund tranfer facility) of a particular bank. This is used only for domestic fund transfers within India.

Answer 2

If you are getting Money from Outside India in USD – the 11 digit SWIFT Code for all ICICI Bank Branches is – CHASUS33XXX.

If you are getting Money from Outside India in British Pounds – the 11 digit Swift code for all ICICI Bank is – LOYDGB2LXXX

The following Codes applies to all the ICICI branches all over India.

You may like to check the original source to get all the SWIFT Codes from ICICI website.

Note – It it highly advised to Confirm the codes first before using them. Please contact to ICICI representatives to conform them.

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Answer 3

SWIFT Code is for International Money transfers while IFSC code is for domestic transfers between banks..

Answer 4

SWIFT Code is for International Money transfers while IFSC code is for domestic transfers between banks..

First of all it would never work out and your funds will get back to your account after deduction of some fees. So, you need to get right IFSC code..entered in Paypal