SWIFT Code PAREFRP1NEW — PAREL, PUTEAUX

About SWIFT Code PAREFRP1NEW — PAREL, PUTEAUX

SWIFT code PAREFRP1NEW is the official 11-character branch-specific BIC (Bank Identifier Code) for PAREL in PUTEAUX, 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 PAREL for all outward international remittances from PUTEAUX. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code PAREFRP1NEW

The code PAREFRP1NEW follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code PAREFRP1NEW

Receiving International Wire Transfers

To receive money from abroad at your PAREL account in PUTEAUX, share SWIFT code PAREFRP1NEW 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 PAREL, PUTEAUX must provide SWIFT code PAREFRP1NEW. 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 PAREL in PUTEAUX rely on SWIFT code PAREFRP1NEW 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 PAREL →

For cheque clearing or NACH mandates, use the MICR code for PAREL →

For TDS challan deposits, find the BSR code for PAREL →

How SWIFT Code PAREFRP1NEW Routes an International Transfer

1. Initiation: The sender provides SWIFT code PAREFRP1NEW 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 PAREL.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: PAREL receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code PAREFRP1NEW

• Spaces or lowercase letters — Always enter PAREFRP1NEW uppercase with no spaces.
• Using the wrong city — This code is for PUTEAUX 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 PAREFRP1NEW directly with PAREL's PUTEAUX branch or via the SWIFT BIC Directory.