When conducting international money transfers, confusion often arises regarding SWIFT codes. These globally recognized bank identification codes serve as critical components in financial transactions, ensuring your funds reach the intended bank account quickly and securely. This article provides an in-depth examination of ISLAMI BANK BANGLADESH PLC.'s SWIFT/BIC code—IBBLBDDH103—your key to successful cross-border transfers.
Understanding the SWIFT Code Structure
As one of Bangladesh's leading financial institutions, ISLAMI BANK BANGLADESH PLC. utilizes the SWIFT code IBBLBDDH103 as its unique identifier in international transactions. This code comprises several distinct components:
- Bank code (IBBL - identifying ISLAMI BANK BANGLADESH PLC.)
- Country code (BD - representing Bangladesh)
- Location code (DH - indicating Chittagong)
- Optional branch code (103 - specifying the particular branch)
The complete SWIFT code ensures precise routing of funds to the correct financial institution. Selecting the accurate SWIFT/BIC code during international transfers is paramount—it prevents unnecessary delays and safeguards against funds being directed to incorrect accounts.
Bank Location Details
The bank's physical address is located at JAKS SHOPPING COMPLEX, 316 SHEIKH MUJIB ROAD, CHITTAGONG, Bangladesh, with postal code 4000. Providing this information along with the SWIFT code enhances transaction accuracy and minimizes potential complications arising from incomplete address details.
Important Considerations for International Transfers
Both individual and corporate clients should verify the following when initiating transfers to ISLAMI BANK BANGLADESH PLC.:
- Confirm the current SWIFT/BIC code (IBBLBDDH103) remains valid
- Double-check the complete bank name and address on transfer documents
- Understand that SWIFT codes typically contain 8-11 alphanumeric characters
These verification steps represent fundamental measures for ensuring financial security during international transactions.
The Importance of Accurate Information
In today's globalized economy, proper use of banking identifiers like SWIFT codes has transitioned from important to essential. The correct application of ISLAMI BANK BANGLADESH PLC.'s SWIFT code (IBBLBDDH103) forms the foundation for secure and efficient international money transfers. Attention to these details guarantees that funds reach their intended destination through the safest possible channels.