SWIFT Code DMBKGYGT — DEMERARA BANK LIMITED, GEORGETOWN

About SWIFT Code DMBKGYGT — DEMERARA BANK LIMITED, GEORGETOWN

SWIFT code DMBKGYGT is the official 8-character head-office BIC (Bank Identifier Code) for DEMERARA BANK LIMITED in GEORGETOWN, Guyana. 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 DEMERARA BANK LIMITED for all outward international remittances from GEORGETOWN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code DMBKGYGT

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

When to Use SWIFT Code DMBKGYGT

Receiving International Wire Transfers

To receive money from abroad at your DEMERARA BANK LIMITED account in GEORGETOWN, share SWIFT code DMBKGYGT 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 DEMERARA BANK LIMITED, GEORGETOWN must provide SWIFT code DMBKGYGT. 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 DEMERARA BANK LIMITED in GEORGETOWN rely on SWIFT code DMBKGYGT 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 DEMERARA BANK LIMITED →

For cheque clearing or NACH mandates, use the MICR code for DEMERARA BANK LIMITED →

For TDS challan deposits, find the BSR code for DEMERARA BANK LIMITED →

How SWIFT Code DMBKGYGT Routes an International Transfer

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

Common Mistakes When Using SWIFT Code DMBKGYGT

• Spaces or lowercase letters — Always enter DMBKGYGT uppercase with no spaces.
• Using the wrong city — This code is for GEORGETOWN 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 Guyana.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm DMBKGYGT directly with DEMERARA BANK LIMITED's GEORGETOWN branch or via the SWIFT BIC Directory.