SWIFT Code MIDBEGCXDAM — MISR IRAN DEVELOPMENT BANK, DAMIETA

About SWIFT Code MIDBEGCXDAM — MISR IRAN DEVELOPMENT BANK, DAMIETA

SWIFT code MIDBEGCXDAM is the official 11-character branch-specific BIC (Bank Identifier Code) for MISR IRAN DEVELOPMENT BANK in DAMIETA, Egypt. 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 MISR IRAN DEVELOPMENT BANK for all outward international remittances from DAMIETA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MIDBEGCXDAM

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

When to Use SWIFT Code MIDBEGCXDAM

Receiving International Wire Transfers

To receive money from abroad at your MISR IRAN DEVELOPMENT BANK account in DAMIETA, share SWIFT code MIDBEGCXDAM 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 MISR IRAN DEVELOPMENT BANK, DAMIETA must provide SWIFT code MIDBEGCXDAM. 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 MISR IRAN DEVELOPMENT BANK in DAMIETA rely on SWIFT code MIDBEGCXDAM 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 MISR IRAN DEVELOPMENT BANK →

For cheque clearing or NACH mandates, use the MICR code for MISR IRAN DEVELOPMENT BANK →

For TDS challan deposits, find the BSR code for MISR IRAN DEVELOPMENT BANK →

How SWIFT Code MIDBEGCXDAM Routes an International Transfer

1. Initiation: The sender provides SWIFT code MIDBEGCXDAM 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 MISR IRAN DEVELOPMENT BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: MISR IRAN DEVELOPMENT BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MIDBEGCXDAM

• Spaces or lowercase letters — Always enter MIDBEGCXDAM uppercase with no spaces.
• Using the wrong city — This code is for DAMIETA 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 Egypt.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm MIDBEGCXDAM directly with MISR IRAN DEVELOPMENT BANK's DAMIETA branch or via the SWIFT BIC Directory.