SWIFT Code GMAGFRP1 — ASSOCIATION DE GESTION DU GROUPE MEDERIC, PARIS

About SWIFT Code GMAGFRP1 — ASSOCIATION DE GESTION DU GROUPE MEDERIC, PARIS

SWIFT code GMAGFRP1 is the official 8-character head-office BIC (Bank Identifier Code) for ASSOCIATION DE GESTION DU GROUPE MEDERIC in PARIS, France. 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 ASSOCIATION DE GESTION DU GROUPE MEDERIC for all outward international remittances from PARIS. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GMAGFRP1

The code GMAGFRP1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GMAGFRP1

Receiving International Wire Transfers

To receive money from abroad at your ASSOCIATION DE GESTION DU GROUPE MEDERIC account in PARIS, share SWIFT code GMAGFRP1 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 ASSOCIATION DE GESTION DU GROUPE MEDERIC, PARIS must provide SWIFT code GMAGFRP1. 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 ASSOCIATION DE GESTION DU GROUPE MEDERIC in PARIS rely on SWIFT code GMAGFRP1 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 ASSOCIATION DE GESTION DU GROUPE MEDERIC →

For cheque clearing or NACH mandates, use the MICR code for ASSOCIATION DE GESTION DU GROUPE MEDERIC →

For TDS challan deposits, find the BSR code for ASSOCIATION DE GESTION DU GROUPE MEDERIC →

How SWIFT Code GMAGFRP1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code GMAGFRP1 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 ASSOCIATION DE GESTION DU GROUPE MEDERIC.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: ASSOCIATION DE GESTION DU GROUPE MEDERIC receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GMAGFRP1

• Spaces or lowercase letters — Always enter GMAGFRP1 uppercase with no spaces.
• Using the wrong city — This code is for PARIS 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 France.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm GMAGFRP1 directly with ASSOCIATION DE GESTION DU GROUPE MEDERIC's PARIS branch or via the SWIFT BIC Directory.