SWIFT Code OIFMHUH1 — OTP INVESTMENT FUND MANAGEMENT COMPANY LTD., BUDAPEST

About SWIFT Code OIFMHUH1 — OTP INVESTMENT FUND MANAGEMENT COMPANY LTD., BUDAPEST

SWIFT code OIFMHUH1 is the official 8-character head-office BIC (Bank Identifier Code) for OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. in BUDAPEST, Hungary. 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 OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. for all outward international remittances from BUDAPEST. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OIFMHUH1

The code OIFMHUH1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OIFMHUH1

Receiving International Wire Transfers

To receive money from abroad at your OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. account in BUDAPEST, share SWIFT code OIFMHUH1 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 OTP INVESTMENT FUND MANAGEMENT COMPANY LTD., BUDAPEST must provide SWIFT code OIFMHUH1. 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 OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. in BUDAPEST rely on SWIFT code OIFMHUH1 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 OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. →

For cheque clearing or NACH mandates, use the MICR code for OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. →

For TDS challan deposits, find the BSR code for OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. →

How SWIFT Code OIFMHUH1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OIFMHUH1 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 OTP INVESTMENT FUND MANAGEMENT COMPANY LTD..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: OTP INVESTMENT FUND MANAGEMENT COMPANY LTD. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OIFMHUH1

• Spaces or lowercase letters — Always enter OIFMHUH1 uppercase with no spaces.
• Using the wrong city — This code is for BUDAPEST 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 Hungary.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm OIFMHUH1 directly with OTP INVESTMENT FUND MANAGEMENT COMPANY LTD.'s BUDAPEST branch or via the SWIFT BIC Directory.