SWIFT Code IDECFRP1 — INSTITUT DE DEVELOPPEMENT COOPERATIF, PARIS

About SWIFT Code IDECFRP1 — INSTITUT DE DEVELOPPEMENT COOPERATIF, PARIS

SWIFT code IDECFRP1 is the official 8-character head-office BIC (Bank Identifier Code) for INSTITUT DE DEVELOPPEMENT COOPERATIF 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 INSTITUT DE DEVELOPPEMENT COOPERATIF 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 IDECFRP1

The code IDECFRP1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IDECFRP1

Receiving International Wire Transfers

To receive money from abroad at your INSTITUT DE DEVELOPPEMENT COOPERATIF account in PARIS, share SWIFT code IDECFRP1 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 INSTITUT DE DEVELOPPEMENT COOPERATIF, PARIS must provide SWIFT code IDECFRP1. 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 INSTITUT DE DEVELOPPEMENT COOPERATIF in PARIS rely on SWIFT code IDECFRP1 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 INSTITUT DE DEVELOPPEMENT COOPERATIF →

For cheque clearing or NACH mandates, use the MICR code for INSTITUT DE DEVELOPPEMENT COOPERATIF →

For TDS challan deposits, find the BSR code for INSTITUT DE DEVELOPPEMENT COOPERATIF →

How SWIFT Code IDECFRP1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IDECFRP1 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 INSTITUT DE DEVELOPPEMENT COOPERATIF.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: INSTITUT DE DEVELOPPEMENT COOPERATIF receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IDECFRP1

• Spaces or lowercase letters — Always enter IDECFRP1 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 IDECFRP1 directly with INSTITUT DE DEVELOPPEMENT COOPERATIF's PARIS branch or via the SWIFT BIC Directory.