In today's globalized economy, cross-border remittances have become an indispensable part of personal and business activities. Accurate banking information is crucial for ensuring fast and secure fund transfers, with SWIFT/BIC codes serving as vital tools for international transactions. For HABIB BANK LIMITED, a prominent financial institution in Pakistan, the correct SWIFT/BIC code is HABBPKKA034. This article provides a detailed explanation of this code and important considerations for its use.
Understanding HABIB BANK LIMITED
HABIB BANK LIMITED, headquartered in Karachi, Pakistan, maintains its registered address at PACIFIC BUILDING, 2/1/B-3 ABDULLAH HAROON ROAD SADDAR, SADDAR, KARACHI, SINDH, 74400, PAKISTAN. As one of Pakistan's largest banks, it plays a significant role in international banking operations. When initiating transfers to this institution, using the correct SWIFT/BIC code (HABBPKKA034) is essential for successful transaction processing.
SWIFT/BIC Code Structure and Importance
The 8-11 character SWIFT/BIC code serves as a unique identifier for financial institutions worldwide. This standardized system enables precise routing of international payments by incorporating:
- Bank code (HABB for HABIB BANK LIMITED)
- Country code (PK for Pakistan)
- Location code (KA for Karachi)
- Optional branch code (034 in this case)
The accuracy of these codes directly impacts transaction efficiency, as even minor errors can cause delays or failed transfers. Financial institutions rely on this system for seamless interbank cooperation and secure fund routing across borders.
Key Considerations for International Transfers
When preparing a transfer to HABIB BANK LIMITED, verify these critical elements:
- Exact transfer amount and currency
- Complete recipient account information
- Purpose of the transfer
- Matching SWIFT/BIC code (HABBPKKA034)
Double-checking all information before submission helps prevent common issues that may arise during the transfer process.
Step-by-Step Transfer Process
For successful transactions involving HABIB BANK LIMITED, follow these steps:
- Confirm your bank account details and transfer amount
- Enter the correct SWIFT/BIC code (HABBPKKA034) in the transfer form
- Verify all recipient information for accuracy
- Submit the transfer request and retain confirmation details
- Monitor the transaction status through your banking channel
Proper use of the SWIFT/BIC system ensures efficient global financial operations. For individuals and businesses conducting regular international transactions with HABIB BANK LIMITED, understanding and correctly applying the HABBPKKA034 code represents a fundamental aspect of secure and effective financial management.