In today's interconnected global financial network, the ability to quickly and accurately identify a bank is crucial. Whether you're sending funds abroad or receiving international payments, knowing the correct SWIFT/BIC code ensures your transactions are processed smoothly and securely.
For those conducting business with Dutch-Bangla Bank PLC in Bangladesh, the SWIFT code DBBLBDDH105 serves as the key identifier for international transactions. This alphanumeric code, typically consisting of 8 to 11 characters, precisely identifies specific financial institutions worldwide.
Bank Information at a Glance
- Bank Name: Dutch-Bangla Bank PLC
- City: Dhaka
- Address: Zerin Mansion, 55, Motijheel C/A, Dhaka, 1000
- Country: Bangladesh
Decoding the SWIFT/BIC Structure
The SWIFT code DBBLBDDH105 can be broken down into four distinct components, each serving a specific identification purpose:
- Bank Code (DBBL): These four letters uniquely identify Dutch-Bangla Bank PLC within the global banking system.
- Country Code (BD): The two-letter ISO country code confirms the bank's location in Bangladesh.
- Location Code (DH): This segment indicates the bank's headquarters in Dhaka.
- Branch Code (105): The final three digits specify the particular branch location.
It's worth noting that when a SWIFT code ends with "XXX," this typically refers to a bank's primary office rather than a specific branch. Understanding these components helps ensure your international transfers reach their intended destination without unnecessary delays.
The Importance of Accurate SWIFT Codes
In international banking transactions, precision is paramount. An incorrect or incomplete SWIFT code can result in delayed payments, additional fees, or even failed transactions. The standardized format of SWIFT codes eliminates ambiguity in global financial communications, providing a reliable system for banks to process cross-border transfers.
For individuals and businesses engaging with Dutch-Bangla Bank PLC, having the correct SWIFT code readily available streamlines the process of sending or receiving international payments. Whether for personal remittances, corporate transactions, or trade finance operations, this information serves as an essential tool in global financial activities.