SWIFT Codes of All Banks of Nepal

In today’s interconnected world, international financial transactions have become commonplace. Whether you’re sending money abroad, trading with foreign partners, or investing in global markets, you need to know the SWIFT code of your bank in Nepal. SWIFT codes play a vital role in ensuring secure and efficient cross-border transactions. In this post, we will provide you with a list of SWIFT codes for all banks in Nepal, making your financial transactions hassle-free.

What is a SWIFT code?

SWIFT code, also known as Bank Identifier Code (BIC), is a unique alphanumeric code used to identify a specific bank or financial institution in international financial transactions. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, the organization responsible for specifying and regulating the SWIFT code.

SWIFT codes are used by banks around the world to identify each other when sending money across borders. SWIFT codes are made up of 8-11 characters, which represent the following information:

• Bank code: A 4-character code that represents the bank.
• Country code: A 2-character code that represents the country where the bank is located.
• Location code: A 2-character code that represents the city or region where the bank is located.
• Branch code: An optional 3-character code that represents a specific branch of the bank.

Why is a SWIFT code important?

The SWIFT code is important because it helps banks know which bank they are dealing with in international money matters. It is like an ID for banks. Here’s why it matters:

1. Identifying Banks: SWIFT codes tell banks exactly which bank they are sending money to or receiving money from. Each bank has its own unique SWIFT code, so there is no confusion.
2. Secure Transactions: Using SWIFT codes ensures that the money goes where it is supposed to go. This is a security measure to prevent errors and fraud.
3. Global Standards: Swift codes are used all over the world. They are like a common language for banks, making international transactions easier and reducing the chances of mistakes.
4. Compliance: Many regulations and laws need to use SWIFT codes for international banking. This helps banks follow regulations and stay on the right side of the law.
5. Cross-Border Trade: If you are trading or sending money across the border, SWIFT codes are essential. They keep the flow of money in the global economy smooth.

SWIFT codes are vital to ensuring that international money moves safely and efficiently. Without them, it would be very difficult to do business or send money between countries.

List of all SWIFT codes of banks in Nepal

The following table shows the list of all SWIFT codes of banks in Nepal:

Frequently Asked Questions (FAQ’s)