SWIFT Code BEGNIRTH — BANK EGHTESAD NOVIN, TEHRAN

About SWIFT Code BEGNIRTH — BANK EGHTESAD NOVIN, TEHRAN

SWIFT code BEGNIRTH is the official 8-character head-office BIC (Bank Identifier Code) for BANK EGHTESAD NOVIN in TEHRAN, Iran. 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 BANK EGHTESAD NOVIN for all outward international remittances from TEHRAN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BEGNIRTH

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

When to Use SWIFT Code BEGNIRTH

Receiving International Wire Transfers

To receive money from abroad at your BANK EGHTESAD NOVIN account in TEHRAN, share SWIFT code BEGNIRTH 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 BANK EGHTESAD NOVIN, TEHRAN must provide SWIFT code BEGNIRTH. 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 BANK EGHTESAD NOVIN in TEHRAN rely on SWIFT code BEGNIRTH 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 BANK EGHTESAD NOVIN →

For cheque clearing or NACH mandates, use the MICR code for BANK EGHTESAD NOVIN →

For TDS challan deposits, find the BSR code for BANK EGHTESAD NOVIN →

How SWIFT Code BEGNIRTH Routes an International Transfer

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

Common Mistakes When Using SWIFT Code BEGNIRTH

• Spaces or lowercase letters — Always enter BEGNIRTH uppercase with no spaces.
• Using the wrong city — This code is for TEHRAN 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 Iran.

Data Accuracy

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