IFSC Code vs SWIFT Code : key differencesevery bank customer should know
There is a slight difference between IFSC code and SWIFT code but the work of both is the same. To send money from one bank account to another bank account, a code is required and we call it IFSC / SWIFT code.
It is necessary to provide IFSC/SWIFT code for online money transfer between any two bank accounts.
IFSC CODE : ( INDIAN FINANCIAL SYSTEM CODE )
This code is of 11 digits. IFSC code is used to send money online between any two bank accounts within India.
SWIFT CODE : ( SOCIETY OF WORLDWIDE INTERBANK FINANCIAL TELLICOMMUNICATION )
This SWIFT code works just like IFSC code.SWIFT code is used to send and receive money from world wide / abroad.
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