IBBLBDDH135

Payment Instructions

General instructions for international payments to banks in BANGLADESH:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). For additional information, please refer to the Central Bank website.

Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC and 9-digit routing code if available, or include the full name and full address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBDxx or xxxxBDxxxxx.

Below formats are acceptable for beneficiary bank details:

• Format 1:
  57D: Bank Name
  Bank address
  Bene bank address contd.
  Swift code
• Format 2:
  57A: /XXXXXXXXX (9-digit beneficiary bank branch code)
  Swift code
• Format 3:
  57A: Swift BIC code
  72: Bene bank branch complete address (should be clearly indicated)
• Format 4:
  57A: Swift BIC code
  72: Routing code/ BBB, bene bank branch code XXXXXXXXX (9-digit beneficiary bank branch code)

Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

Payment Restrictions: NGOs must register locally and obtain approval before receiving payments for specific projects.

Account Restrictions: Account Restrictions vary. NFCD accounts may now be maintained at the account holder’s desire. Residence Foreign Currency Deposit accounts may be opened in various currencies and maintained as desired. Additional supporting documentation, such as Form C, might be required. For inward remittances up to USD 20,000 equivalent, the declaration on Form C is not required.

Additional Information: The local market is closed on Fridays.

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of ISLAMI BANK BANGLADESH PLC. for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from ISLAMI BANK BANGLADESH PLC., you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Other Branches

Disclaimers

We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.