SWIFT Code KODBDEF1 — KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH, FRANKFURT AM MAIN

About SWIFT Code KODBDEF1 — KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH, FRANKFURT AM MAIN

SWIFT code KODBDEF1 is the official 8-character head-office BIC (Bank Identifier Code) for KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH in FRANKFURT AM MAIN, 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 KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH for all outward international remittances from FRANKFURT AM MAIN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code KODBDEF1

The code KODBDEF1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code KODBDEF1

Receiving International Wire Transfers

To receive money from abroad at your KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH account in FRANKFURT AM MAIN, share SWIFT code KODBDEF1 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 KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH, FRANKFURT AM MAIN must provide SWIFT code KODBDEF1. 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 KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH in FRANKFURT AM MAIN rely on SWIFT code KODBDEF1 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 KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH →

For cheque clearing or NACH mandates, use the MICR code for KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH →

For TDS challan deposits, find the BSR code for KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH →

How SWIFT Code KODBDEF1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code KODBDEF1 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 KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code KODBDEF1

• Spaces or lowercase letters — Always enter KODBDEF1 uppercase with no spaces.
• Using the wrong city — This code is for FRANKFURT AM MAIN 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 KODBDEF1 directly with KOREA DEVELOPMENT BANK (DEUTSCHLAND) GMBH's FRANKFURT AM MAIN branch or via the SWIFT BIC Directory.