SWIFT Code GENODEF1ZTY — VOLKS-UND RAIFFEISENBANK ZEITZ EG, ELSTERAUE

About SWIFT Code GENODEF1ZTY — VOLKS-UND RAIFFEISENBANK ZEITZ EG, ELSTERAUE

SWIFT code GENODEF1ZTY is the official 11-character branch-specific BIC (Bank Identifier Code) for VOLKS-UND RAIFFEISENBANK ZEITZ EG in ELSTERAUE, 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 VOLKS-UND RAIFFEISENBANK ZEITZ EG for all outward international remittances from ELSTERAUE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GENODEF1ZTY

The code GENODEF1ZTY follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GENODEF1ZTY

Receiving International Wire Transfers

To receive money from abroad at your VOLKS-UND RAIFFEISENBANK ZEITZ EG account in ELSTERAUE, share SWIFT code GENODEF1ZTY 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 VOLKS-UND RAIFFEISENBANK ZEITZ EG, ELSTERAUE must provide SWIFT code GENODEF1ZTY. 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 VOLKS-UND RAIFFEISENBANK ZEITZ EG in ELSTERAUE rely on SWIFT code GENODEF1ZTY 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 VOLKS-UND RAIFFEISENBANK ZEITZ EG →

For cheque clearing or NACH mandates, use the MICR code for VOLKS-UND RAIFFEISENBANK ZEITZ EG →

For TDS challan deposits, find the BSR code for VOLKS-UND RAIFFEISENBANK ZEITZ EG →

How SWIFT Code GENODEF1ZTY Routes an International Transfer

1. Initiation: The sender provides SWIFT code GENODEF1ZTY 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 VOLKS-UND RAIFFEISENBANK ZEITZ EG.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKS-UND RAIFFEISENBANK ZEITZ EG receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GENODEF1ZTY

• Spaces or lowercase letters — Always enter GENODEF1ZTY uppercase with no spaces.
• Using the wrong city — This code is for ELSTERAUE 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 GENODEF1ZTY directly with VOLKS-UND RAIFFEISENBANK ZEITZ EG's ELSTERAUE branch or via the SWIFT BIC Directory.