SWIFT Code MIDBEGCXPTS — MISR IRAN DEVELOPMENT BANK, PORT SAID

About SWIFT Code MIDBEGCXPTS — MISR IRAN DEVELOPMENT BANK, PORT SAID

SWIFT code MIDBEGCXPTS is the official 11-character branch-specific BIC (Bank Identifier Code) for MISR IRAN DEVELOPMENT BANK in PORT SAID, 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 PORT SAID. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MIDBEGCXPTS

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

When to Use SWIFT Code MIDBEGCXPTS

Receiving International Wire Transfers

To receive money from abroad at your MISR IRAN DEVELOPMENT BANK account in PORT SAID, share SWIFT code MIDBEGCXPTS 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, PORT SAID must provide SWIFT code MIDBEGCXPTS. 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 PORT SAID rely on SWIFT code MIDBEGCXPTS 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 MIDBEGCXPTS Routes an International Transfer

1. Initiation: The sender provides SWIFT code MIDBEGCXPTS 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 MIDBEGCXPTS

• Spaces or lowercase letters — Always enter MIDBEGCXPTS uppercase with no spaces.
• Using the wrong city — This code is for PORT SAID 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 MIDBEGCXPTS directly with MISR IRAN DEVELOPMENT BANK's PORT SAID branch or via the SWIFT BIC Directory.