A Bank Identification Code (BIC) or a Bank Clearing Code (BCC) is required for a payment to a bank in India, depending on the currency:
To make a payment in INR to a bank in India, a Bank Clearing Code (BCC) is required. A Bank Clearing Code (BCC) is also known as the IFSC (Indian Financial System Code) This code consists of 11 characters.
To make a payment in a different currency to a bank in India, a Bank Identification Code (BIC) is required. This is also known as a SWIFT address.
An account number in India does not have a fixed format, the number of digits is different for every bank in India.
These international transfers are subject to private transfer fees and business transfer fees . If you choose for the OUR option, the beneficiary will not be charged anything by their bank. ABN AMRO Bank charges an OUR fee for this.
Do you want to know when the money will be in the beneficiary's account? Then check what the processing times for payments are. And for more details per currency type, check out this overview .
For a transfer to a bank account in India, it is mandatory to enter a Purpose code.
Enter the purpose code at the beginning of the description. See the list of purpose codes below. It is also possible to add a personal description in addition to the mandatory description.
Select the reason for payment in the field 'Purpose code'.
