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GIC swift report - sender information

SanjayMystic

SanjayMystic

Star Member
Nov 28, 2018
75
6
Hi Guys,

I initiated wire transfer from IDBI bank on 13/03 and got swift report generated next day. In the report I can see that sender address is mentioned as "Royal Bank of Canada" instead of "Scotia Bank" but the swift code is correct.

When I called upon the bank they said that swift code and account number matters and its been 5 days since transfer, it worries me. I think the bank made a blunder and trying to cover up with some reasons.

Can anyone confirm if the bank address and name matters, what I should do ?
 
You're bank is correct. SWIFT code and A/C no should be correct, that's all that matters.

What happens is in SWIFT payments, there are intermediary banks, in your case it is RBC (Royal Bank of Canada) , which is perfectly fine.

No worries!

Good Luck!
 
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napnusion said:
You're bank is correct. SWIFT code and A/C no should be correct, that's all that matters.

What happens is in SWIFT payments, there are intermediary banks, in your case it is RBC (Royal Bank of Canada) , which is perfectly fine.

No worries!

Good Luck!
Click to expand...


Thank you for the information.
 
Can you plz explain how to fill the application form for state bank of indias telegraphic transfer
 
SanjayMystic said:
Hi Guys,

I initiated wire transfer from IDBI bank on 13/03 and got swift report generated next day. In the report I can see that sender address is mentioned as "Royal Bank of Canada" instead of "Scotia Bank" but the swift code is correct.

When I called upon the bank they said that swift code and account number matters and its been 5 days since transfer, it worries me. I think the bank made a blunder and trying to cover up with some reasons.

Can anyone confirm if the bank address and name matters, what I should do ?
Click to expand...
Did you get GIC Certificate.... And how many days it take ??
 
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