SWIFT Code BTOSIRTH — CREDIT INSTITUTE FOR DEVELOPMENT, TEHRAN

About SWIFT Code BTOSIRTH — CREDIT INSTITUTE FOR DEVELOPMENT, TEHRAN

SWIFT code BTOSIRTH is the official 8-character head-office BIC (Bank Identifier Code) for CREDIT INSTITUTE FOR DEVELOPMENT 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 CREDIT INSTITUTE FOR DEVELOPMENT 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 BTOSIRTH

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

When to Use SWIFT Code BTOSIRTH

Receiving International Wire Transfers

To receive money from abroad at your CREDIT INSTITUTE FOR DEVELOPMENT account in TEHRAN, share SWIFT code BTOSIRTH 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 CREDIT INSTITUTE FOR DEVELOPMENT, TEHRAN must provide SWIFT code BTOSIRTH. 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 CREDIT INSTITUTE FOR DEVELOPMENT in TEHRAN rely on SWIFT code BTOSIRTH 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 CREDIT INSTITUTE FOR DEVELOPMENT →

For cheque clearing or NACH mandates, use the MICR code for CREDIT INSTITUTE FOR DEVELOPMENT →

For TDS challan deposits, find the BSR code for CREDIT INSTITUTE FOR DEVELOPMENT →

How SWIFT Code BTOSIRTH Routes an International Transfer

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

Common Mistakes When Using SWIFT Code BTOSIRTH

• Spaces or lowercase letters — Always enter BTOSIRTH 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 BTOSIRTH directly with CREDIT INSTITUTE FOR DEVELOPMENT's TEHRAN branch or via the SWIFT BIC Directory.