SWIFT Code RARSDE71 — RAIFFEISEN-VOLKSBANK RIES EG, OETTINGEN

About SWIFT Code RARSDE71 — RAIFFEISEN-VOLKSBANK RIES EG, OETTINGEN

SWIFT code RARSDE71 is the official 8-character head-office BIC (Bank Identifier Code) for RAIFFEISEN-VOLKSBANK RIES EG in OETTINGEN, 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 RAIFFEISEN-VOLKSBANK RIES EG for all outward international remittances from OETTINGEN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RARSDE71

The code RARSDE71 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RARSDE71

Receiving International Wire Transfers

To receive money from abroad at your RAIFFEISEN-VOLKSBANK RIES EG account in OETTINGEN, share SWIFT code RARSDE71 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 RAIFFEISEN-VOLKSBANK RIES EG, OETTINGEN must provide SWIFT code RARSDE71. 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 RAIFFEISEN-VOLKSBANK RIES EG in OETTINGEN rely on SWIFT code RARSDE71 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 RAIFFEISEN-VOLKSBANK RIES EG →

For cheque clearing or NACH mandates, use the MICR code for RAIFFEISEN-VOLKSBANK RIES EG →

For TDS challan deposits, find the BSR code for RAIFFEISEN-VOLKSBANK RIES EG →

How SWIFT Code RARSDE71 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RARSDE71 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 RAIFFEISEN-VOLKSBANK RIES EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAIFFEISEN-VOLKSBANK RIES EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RARSDE71

• Spaces or lowercase letters — Always enter RARSDE71 uppercase with no spaces.
• Using the wrong city — This code is for OETTINGEN 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 RARSDE71 directly with RAIFFEISEN-VOLKSBANK RIES EG's OETTINGEN branch or via the SWIFT BIC Directory.