SWIFT Code OIMODE61 — IVG INSTITUTIONAL FUNDS GMBH, WIESBADEN

About SWIFT Code OIMODE61 — IVG INSTITUTIONAL FUNDS GMBH, WIESBADEN

SWIFT code OIMODE61 is the official 8-character head-office BIC (Bank Identifier Code) for IVG INSTITUTIONAL FUNDS GMBH in WIESBADEN, Germany. 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 IVG INSTITUTIONAL FUNDS GMBH for all outward international remittances from WIESBADEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OIMODE61

The code OIMODE61 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OIMODE61

Receiving International Wire Transfers

To receive money from abroad at your IVG INSTITUTIONAL FUNDS GMBH account in WIESBADEN, share SWIFT code OIMODE61 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 IVG INSTITUTIONAL FUNDS GMBH, WIESBADEN must provide SWIFT code OIMODE61. 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 IVG INSTITUTIONAL FUNDS GMBH in WIESBADEN rely on SWIFT code OIMODE61 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 IVG INSTITUTIONAL FUNDS GMBH →

For cheque clearing or NACH mandates, use the MICR code for IVG INSTITUTIONAL FUNDS GMBH →

For TDS challan deposits, find the BSR code for IVG INSTITUTIONAL FUNDS GMBH →

How SWIFT Code OIMODE61 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OIMODE61 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 IVG INSTITUTIONAL FUNDS GMBH.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: IVG INSTITUTIONAL FUNDS GMBH receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OIMODE61

• Spaces or lowercase letters — Always enter OIMODE61 uppercase with no spaces.
• Using the wrong city — This code is for WIESBADEN 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 Germany.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm OIMODE61 directly with IVG INSTITUTIONAL FUNDS GMBH's WIESBADEN branch or via the SWIFT BIC Directory.