The BIC code in Singapore is called the "DBS Bank Swift Code".
Bank Identifier Code (BIC) is a standard format used to specify a particular bank or branch.Transferring money between banks is done using these codes.The codes are used by banks for exchanging messages.
There are 8 or 11 characters in the SWIFT codes.The head or primary office is referred to by 8 digit codes, while the 11 digit code refers to specific branches.The following is how the SWIFT codes are formatted.
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