SWIFT Operations in IBU
Page 1 of 1 CIRCULAR F. No.293/IFSCA/Banking Supervision/2021-22/2 Date: 04th Jan 2022 To, All Banking Units IFSC, GIFT City, Gandhinagar Dear Sir/Madam, Sub: SWIFT Operations This refers to the IFSC (Banking) Regulations, 2020 dated 18th November 2020 and IFSCA Circular F. No. 293/IFSCA/Banking Supervision/2021-22/ da…
Source details
- Source
- International Financial Services Centres Authority
- Type
- circular
- Document date
- 03 Jan 2022
- Last checked
- 10 Jul 2026, 5:17 pm IST
- Coverage area
- gift-ifsc
Document text
Page 1 of 1 CIRCULAR F. No.293/IFSCA/Banking Supervision/2021-22/2 Date: 04th Jan 2022 To, All Banking Units IFSC, GIFT City, Gandhinagar Dear Sir/Madam, Sub: SWIFT Operations This refers to the IFSC (Banking) Regulations, 2020 dated 18th November 2020 and IFSCA Circular F. No. 293/IFSCA/Banking Supervision/2021-22/ dated April 21, 2021 & Circular F. No. 293/IFSCA/Banking Supervision/2021-22/1 dated June 24, 2021. 1. It is hereby directed that the SWIFT operations shall be undertaken from the IBU, GIFT City, Gandhinagar by assigning the roles of maker and checker to suitable staff in IBU itself for ensuring the data confidentiality and data protection. 2. IBUs are directed to ensure compliance of the above on or before 31st Mar 2022. IBUs are advised to acknowledge the same and confirm compliance of the IFSCA Circular F. No. 293/IFSCA/Banking Supervision/2021-22/1 dated June 24, 2021, regarding implementation of 8-digit distinct BIC SWIFT Code for the IBUs to Banking Supervision Division to e-mail ids ibu-reports@ifsca.gov.in, with a copy to the concerned Officer. Yours faithfully (Kumar Raghuraman) General Manager rag.kumar@ifsca.gov.in
Research the source law
Find the provision behind this update.
This record is not yet linked to a specific provision. Browse the law library, choose the affected provision and ask against the exact statutory text.
Browse source lawsRelated IFSCA updates
- Framework on capital relief and prudential requirements for factoring transactions
- Amendment to the Circular titled “Master Circular for Credit Rating Agencies in the IFSC"
- Amendment to the Circular titled Internet banking services to clients of IBUs –Review
- Amendment to the Circular titled “Exempting certain entities/activities from the applicability of International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022
- Amendment to the Circular titled “Permissible transactions through the Special Non-Resident Rupee (SNRR) accounts of IFSC units – Amendment