Icici Bank Limited SWIFT/BIC code

What ICICAEAD means for a payment to Icici Bank Limited

The 8-character code ICICAEAD and the 11-character code ICICAEADXXX refer to one and the same institution: Icici Bank Limited, with its head office in Dubai. A BIC does one job: it makes sure that money from abroad ends up at the right bank. In daily life you mostly see the code on invoices from abroad, in payment forms and in the bank details of Icici Bank Limited customers.

Below you will find the practical side: receiving money at Icici Bank Limited, paying someone in another country and how to check the code before you hit send. A SWIFT code identifies an institution, never a specific account, which is why you always need the account number too.

International transfers from Icici Bank Limited: the real cost

An international bank payment can cost more than the listed fee. You pay the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

That exchange rate margin tends to be the largest cost, and it is easy to miss. An easy check: put the rate you get next to the mid-market rate and look at the difference.

Money transfer services frequently use rates closer to the mid-market rate and lower fees. GoldexPay compares transfer providers next to each other, showing what actually arrives. Using a transfer service does not mean closing your account at Icici Bank Limited.

Where our SWIFT data comes from

The codes on this page are taken from public sources which we refresh regularly. It is possible that a code on this page is out of date. Counts and locations are from our directory and may differ from what Icici Bank Limited publishes.

Treat the information here as a helpful check. We are a comparison service and not affiliated with Icici Bank Limited. Should you notice something that is out of date, we appreciate a message.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a request claiming that a company now has a new bank account and asking you to pay there from now on. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Check changed bank details through a different channel. Pressure or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. When money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Scams can also work the other way: someone claims to have sent more than agreed and asks you to return the extra via a different route. A screenshot of a transfer proves nothing – check your own account.

Icici Bank Limited: head office code versus branch codes

Icici Bank Limited has 4 different SWIFT/BIC codes. One of them is the head office code, ICICAEADXXX; the others identify branches or departments, and sometimes specific services.

In most cases there is no need to pick a branch: payments sent to ICICAEADXXX are routed within Icici Bank Limited correctly. Branch codes are only needed if the account holder explicitly mentions it.

The safest approach is to copy the code directly from the account holder’s statement. Codes for branches are more prone to change than ICICAEADXXX.

What to give a sender who pays you at Icici Bank Limited

For a transfer from abroad into your account at Icici Bank Limited, the person paying you needs not just the SWIFT code. That means: your full name exactly as it appears on the account, your IBAN or account number, the BIC ICICAEADXXX (or ICICAEAD) and usually your postal address.

It helps to include Icici Bank Limited and its city as well. A mistake in your account number can be more trouble than it looks.

Money from abroad will not always arrive for the full amount. Fees for incoming transfers vary per bank. For business payments, it is common to agree who bears the costs, so that nobody is left short.

When will the money arrive at Icici Bank Limited?

How fast a transfer arrives at Icici Bank Limited depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country add a day or more. Sometimes a bank asks about the purpose of a payment.

If a transfer seems late, contact your bank about the status or the UETR so they can trace it along the chain. Money transfer services usually show a status online showing how far the money is.

If the money does not arrive within the expected time, the sender needs to start with their own bank. As a recipient, you can check your statements for a slightly lower amount.

Sending AED to Icici Bank Limited

United Arab Emirates pays in the United Arab Emirates Dirham, with the currency code AED. When you pay money in a different currency, the amount gets converted somewhere along the way. Every conversion eats into something – usually through the rate rather than a fee.

Which bank converts the payment makes a difference, because each party uses its own rate. In many cases you pay less if you send AED straight away through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for AED changes throughout the day, so the amount you see is usually only valid for a short time. On larger amounts, a small gap in the rate can be worth more than the fee.

Why Icici Bank Limited has an 8- and an 11-character code

A BIC is built from a few fixed parts: characters one to four stand for the bank, characters five and six show the country and the two after that indicate the location. In this case, the 8-character core is ICICAEAD.

The 11-character version has three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why ICICAEADXXX and ICICAEAD lead to the same place.

Enter the code in one piece, in capitals and without separators, exactly as shown here. A single character can send the money to a different institution, so check it twice.

How to check ICICAEAD before you pay

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. If the code you have differs from ICICAEAD or ICICAEADXXX, do not guess: check with the recipient or with Icici Bank Limited directly.

An incorrect BIC can cause delays, a payment being sent back or extra fees along the way. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps check the structure of an IBAN – that confirms the format, not the owner. More and more banks check the payee name against the account – do not ignore a mismatch warning. When you pay someone new, some people start with a small test amount and wait for confirmation.