SWIFT Code NAXBAZ22 — NAKHCHIVANBANK OJSC, NAKHCHIVAN

About SWIFT Code NAXBAZ22 — NAKHCHIVANBANK OJSC, NAKHCHIVAN

SWIFT code NAXBAZ22 is the official 8-character head-office BIC (Bank Identifier Code) for NAKHCHIVANBANK OJSC in NAKHCHIVAN, Azerbaijan. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by NAKHCHIVANBANK OJSC for all outward international remittances from NAKHCHIVAN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code NAXBAZ22

The code NAXBAZ22 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code NAXBAZ22

Receiving International Wire Transfers

To receive money from abroad at your NAKHCHIVANBANK OJSC account in NAKHCHIVAN, share SWIFT code NAXBAZ22 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at NAKHCHIVANBANK OJSC, NAKHCHIVAN must provide SWIFT code NAXBAZ22. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using NAKHCHIVANBANK OJSC in NAKHCHIVAN rely on SWIFT code NAXBAZ22 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for NAKHCHIVANBANK OJSC →

For cheque clearing or NACH mandates, use the MICR code for NAKHCHIVANBANK OJSC →

For TDS challan deposits, find the BSR code for NAKHCHIVANBANK OJSC →

How SWIFT Code NAXBAZ22 Routes an International Transfer

1. Initiation: The sender provides SWIFT code NAXBAZ22 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to NAKHCHIVANBANK OJSC.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: NAKHCHIVANBANK OJSC receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code NAXBAZ22

• Spaces or lowercase letters — Always enter NAXBAZ22 uppercase with no spaces.
• Using the wrong city — This code is for NAKHCHIVAN only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Azerbaijan.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm NAXBAZ22 directly with NAKHCHIVANBANK OJSC's NAKHCHIVAN branch or via the SWIFT BIC Directory.