SWIFT Code IDDAINB1 — VW INDIA, CHAKAN

About SWIFT Code IDDAINB1 — VW INDIA, CHAKAN

SWIFT code IDDAINB1 is the official 8-character head-office BIC (Bank Identifier Code) for VW INDIA in CHAKAN, 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 VW INDIA for all outward international remittances from CHAKAN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code IDDAINB1

The code IDDAINB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IDDAINB1

Receiving International Wire Transfers

To receive money from abroad at your VW INDIA account in CHAKAN, share SWIFT code IDDAINB1 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 VW INDIA, CHAKAN must provide SWIFT code IDDAINB1. 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 VW INDIA in CHAKAN rely on SWIFT code IDDAINB1 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 VW INDIA →

For cheque clearing or NACH mandates, use the MICR code for VW INDIA →

For TDS challan deposits, find the BSR code for VW INDIA →

How SWIFT Code IDDAINB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IDDAINB1 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 VW INDIA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VW INDIA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IDDAINB1

• Spaces or lowercase letters — Always enter IDDAINB1 uppercase with no spaces.
• Using the wrong city — This code is for CHAKAN 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 IDDAINB1 directly with VW INDIA's CHAKAN branch or via the SWIFT BIC Directory.