SWIFT Code IDDOFRP1 — INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER, PARIS

About SWIFT Code IDDOFRP1 — INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER, PARIS

SWIFT code IDDOFRP1 is the official 8-character head-office BIC (Bank Identifier Code) for INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER 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 D'EMISSION DEPARTMENTS OUTRE-MER 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 IDDOFRP1

The code IDDOFRP1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IDDOFRP1

Receiving International Wire Transfers

To receive money from abroad at your INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER account in PARIS, share SWIFT code IDDOFRP1 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 D'EMISSION DEPARTMENTS OUTRE-MER, PARIS must provide SWIFT code IDDOFRP1. 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 D'EMISSION DEPARTMENTS OUTRE-MER in PARIS rely on SWIFT code IDDOFRP1 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 D'EMISSION DEPARTMENTS OUTRE-MER →

For cheque clearing or NACH mandates, use the MICR code for INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER →

For TDS challan deposits, find the BSR code for INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER →

How SWIFT Code IDDOFRP1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IDDOFRP1 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 D'EMISSION DEPARTMENTS OUTRE-MER.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IDDOFRP1

• Spaces or lowercase letters — Always enter IDDOFRP1 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 IDDOFRP1 directly with INSTITUT D'EMISSION DEPARTMENTS OUTRE-MER's PARIS branch or via the SWIFT BIC Directory.