|BCEYMVMV||BANK OF CEYLON||MALE|
|CBMVMVMV||COMMERCIAL BANK OF MALDIVES PRIVATE LIMITED||MALE|
|HABBMVMV||HABIB BANK LIMITED||MALE|
|HSBCMVMV||HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE||MALE|
|MADVMVMV||MALDIVES ISLAMIC BANK PVT. LTD||MALE|
|MALBMVMV||BANK OF MALDIVES PLC.||MALE|
|MCBLMVMV||THE MAURITIUS COMMERCIAL BANK LIMITED||MALE|
|MMAUMVMV||MALDIVES MONETARY AUTHORITY||MALE|
|SBINMVMV||STATE BANK OF INDIA||MALE|
A SWIFT/BIC code is a standard format to uniquely identify banks, non-financial, and financial institutions globally. SWIFT codes are a standard format for Business Identifier Codes - commonly referred to as a BIC.
If you send money internationally you nearly always need to use a SWIFT/BIC code, as it’s the way banks, financial institutions and money transfer services figure out where the money needs to go. You can think of a SWIFT code a bit like a ZIP/postal code. Your bank uses the code to send the money to the right bank in another country. Just like sending mail to the wrong ZIP code means it might get lost or returned, the same goes for your money and an incorrect SWIFT code.
A BIC/SWIFT code is either 8 or 11 characters in length:
AAAA BB CC DDD
There are 2 types of SWIFT code: live and passive. Live codes are for institutions who are connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.
SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.
SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.