SWIFT Code IETEINB1 — INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS, PUNE

About SWIFT Code IETEINB1 — INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS, PUNE

SWIFT code IETEINB1 is the official 8-character head-office BIC (Bank Identifier Code) for INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS in PUNE, India. 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 INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS for all outward international remittances from PUNE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code IETEINB1

The code IETEINB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IETEINB1

Receiving International Wire Transfers

To receive money from abroad at your INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS account in PUNE, share SWIFT code IETEINB1 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 INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS, PUNE must provide SWIFT code IETEINB1. 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 INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS in PUNE rely on SWIFT code IETEINB1 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 INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS →

For cheque clearing or NACH mandates, use the MICR code for INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS →

For TDS challan deposits, find the BSR code for INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS →

How SWIFT Code IETEINB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IETEINB1 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 INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IETEINB1

• Spaces or lowercase letters — Always enter IETEINB1 uppercase with no spaces.
• Using the wrong city — This code is for PUNE 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 India.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm IETEINB1 directly with INSTITUTE OF ELECTRONICS AND TELECOMMUNICATION ENGINEERS's PUNE branch or via the SWIFT BIC Directory.