SMALL AND MEDIUM ENTERPRISES, DEVELOPMENT BANK LTD., BIC/SWIFT Code Details
Address: NO. 298 CNR OF ANAWRAHTA RD, AND WARDAN STR LANMADAW, TOWNSHIP 11131 MYANMAR
General instructions for international payments to banks in MYANMAR: Overview:
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).
Central Bank: For additional information, please refer to https://www.cbm.gov.mm.
Payment Formatting Rules for MMK:
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), street address and city of the beneficiary customer.
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank.
SWIFT BIC: SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMMxx or xxxxMMxxxxx.
Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended. Any information that is vague/incomplete may need further clarification and result in payment delays. 4-digit ITRS code (purpose of payment code) is mandatory for all MMK payments. It should begin with the prefix ITRS followed by a space and then the 4-digit ITRS code. (e.g. ITRS XXXX). Please contact your J.P. Morgan Service Representative for list of ITRS codes.
Currently Suspended for Payments:
Additional Information: This is a zero decimal currency and therefore does not have cents.
IBAN: No
Standard Settlement Instructions (SSI) contain the list of correspondent banks of SMALL AND MEDIUM ENTERPRISES, DEVELOPMENT BANK LTD. for each currency.
To track a SWIFT cross-border payment to or from SMALL AND MEDIUM ENTERPRISES, DEVELOPMENT BANK LTD., you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
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.