SWIFT Code VRAFDE71 — VOLKSBANK RAIFFEISENBANK, INNING

About SWIFT Code VRAFDE71 — VOLKSBANK RAIFFEISENBANK, INNING

SWIFT code VRAFDE71 is the official 8-character head-office BIC (Bank Identifier Code) for VOLKSBANK RAIFFEISENBANK in INNING, 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 VOLKSBANK RAIFFEISENBANK for all outward international remittances from INNING. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code VRAFDE71

The code VRAFDE71 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code VRAFDE71

Receiving International Wire Transfers

To receive money from abroad at your VOLKSBANK RAIFFEISENBANK account in INNING, share SWIFT code VRAFDE71 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 VOLKSBANK RAIFFEISENBANK, INNING must provide SWIFT code VRAFDE71. 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 VOLKSBANK RAIFFEISENBANK in INNING rely on SWIFT code VRAFDE71 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 VOLKSBANK RAIFFEISENBANK →

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

For TDS challan deposits, find the BSR code for VOLKSBANK RAIFFEISENBANK →

How SWIFT Code VRAFDE71 Routes an International Transfer

1. Initiation: The sender provides SWIFT code VRAFDE71 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 VOLKSBANK RAIFFEISENBANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VOLKSBANK RAIFFEISENBANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code VRAFDE71

• Spaces or lowercase letters — Always enter VRAFDE71 uppercase with no spaces.
• Using the wrong city — This code is for INNING 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 VRAFDE71 directly with VOLKSBANK RAIFFEISENBANK's INNING branch or via the SWIFT BIC Directory.