SWIFT stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

SWIFT stands for

A	Station for Worldwide Interbank Financial Telecommunication
B	Solution for Worldwide Interbank Financial Telecommunication
C	System for Worldwide Interbank Financial Telecommunication
D	Society for Worldwide Interbank Financial Telecommunication

Explanation:

Detailed explanation-1: -The full form of SWIFT is Society for Worldwide Interbank Financial Telecommunications. SWIFT is a member-owned cooperative that offers secure and safe money transfers for its representatives.

Detailed explanation-2: -SWIFT is an acronym for the Society for Worldwide Interbank Financial Telecommunications and may also be referred to as a CIC code. U.S. Bank’s swift code is USBKUS44IMT.

Detailed explanation-3: -What Is the Society for Worldwide Interbank Financial Telecommunications (SWIFT)? Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a member-owned cooperative providing secure messaging for international transfers of money between participating banks.

Detailed explanation-4: -Society for Worldwide Interbank/ Telecommunication. (SWIFT): For transfer within the country, we use EFT, RTGS and NEFT.

Detailed explanation-5: -The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T.

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