When conducting international wire transfers, the SWIFT/BIC code plays a critical role in ensuring funds reach the intended financial institution accurately. For customers looking to transfer money to ISLAMI BANK BANGLADESH PLC, knowing the bank's SWIFT code and related details is essential. The SWIFT code for ISLAMI BANK BANGLADESH PLC is IBBLBDDH106 . This code not only facilitates international transactions but also enhances security and precision in fund transfers.
About ISLAMI BANK BANGLADESH PLC
ISLAMI BANK BANGLADESH PLC is a prominent financial institution in Bangladesh, recognized for its reliable services and strong customer trust. The bank's headquarters is located at 199 AMIR MARKET, CHITTAGONG, CHITTAGONG, 4000, BANGLADESH . Familiarizing oneself with the bank's details, including its SWIFT/BIC code, helps individuals and businesses avoid complications in cross-border transactions.
Structure of the SWIFT Code
A SWIFT code consists of four distinct components:
- Bank Code (IBBL) : This uniquely identifies ISLAMI BANK BANGLADESH PLC, ensuring accurate bank recognition.
- Country Code (BD) : Indicates the bank's location in Bangladesh, aiding in geographical confirmation during transfers.
- Location Code (DH) : Specifies the bank's primary operational hub, often tied to its headquarters.
- Branch Code (106) : This optional segment may denote a specific branch, helping customers direct funds precisely.
SWIFT codes typically consist of 8 or 11 alphanumeric characters, and IBBLBDDH106 adheres to this standard. Verifying the accuracy of this code before initiating a transfer is crucial to prevent errors in fund routing.
Ensuring Transaction Security
The SWIFT system undergoes regular updates and audits to maintain the latest banking information. Customers are advised to verify the code's validity before processing transactions to confirm its current status. Additionally, understanding the bank's primary services and customer support channels can provide further assistance when needed.
For individuals and businesses engaged in international transactions, a thorough grasp of a bank's SWIFT/BIC code and its application significantly improves transaction success rates and minimizes potential delays in fund transfers.