SWIFT Code BDMGBRRB — BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS, BELO HORIZONTE

About SWIFT Code BDMGBRRB — BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS, BELO HORIZONTE

SWIFT code BDMGBRRB is the official 8-character head-office BIC (Bank Identifier Code) for BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS in BELO HORIZONTE, Brazil. 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 BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS for all outward international remittances from BELO HORIZONTE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BDMGBRRB

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

When to Use SWIFT Code BDMGBRRB

Receiving International Wire Transfers

To receive money from abroad at your BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS account in BELO HORIZONTE, share SWIFT code BDMGBRRB 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 BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS, BELO HORIZONTE must provide SWIFT code BDMGBRRB. 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 BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS in BELO HORIZONTE rely on SWIFT code BDMGBRRB 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 BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS →

For cheque clearing or NACH mandates, use the MICR code for BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS →

For TDS challan deposits, find the BSR code for BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS →

How SWIFT Code BDMGBRRB Routes an International Transfer

1. Initiation: The sender provides SWIFT code BDMGBRRB 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 BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BDMGBRRB

• Spaces or lowercase letters — Always enter BDMGBRRB uppercase with no spaces.
• Using the wrong city — This code is for BELO HORIZONTE 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 Brazil.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm BDMGBRRB directly with BDMG-BANCO DE DESENVOLVIMENTO DE MINAS GERAIS's BELO HORIZONTE branch or via the SWIFT BIC Directory.