SWIFT Code CHINRU4CMAG — CHELYABINVESTBANK, MAGNITOGORSK

About SWIFT Code CHINRU4CMAG — CHELYABINVESTBANK, MAGNITOGORSK

SWIFT code CHINRU4CMAG is the official 11-character branch-specific BIC (Bank Identifier Code) for CHELYABINVESTBANK in MAGNITOGORSK, Russia. 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 CHELYABINVESTBANK for all outward international remittances from MAGNITOGORSK. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CHINRU4CMAG

The code CHINRU4CMAG follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CHINRU4CMAG

Receiving International Wire Transfers

To receive money from abroad at your CHELYABINVESTBANK account in MAGNITOGORSK, share SWIFT code CHINRU4CMAG 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 CHELYABINVESTBANK, MAGNITOGORSK must provide SWIFT code CHINRU4CMAG. 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 CHELYABINVESTBANK in MAGNITOGORSK rely on SWIFT code CHINRU4CMAG 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 CHELYABINVESTBANK →

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

For TDS challan deposits, find the BSR code for CHELYABINVESTBANK →

How SWIFT Code CHINRU4CMAG Routes an International Transfer

1. Initiation: The sender provides SWIFT code CHINRU4CMAG 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 CHELYABINVESTBANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CHELYABINVESTBANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CHINRU4CMAG

• Spaces or lowercase letters — Always enter CHINRU4CMAG uppercase with no spaces.
• Using the wrong city — This code is for MAGNITOGORSK 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 Russia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm CHINRU4CMAG directly with CHELYABINVESTBANK's MAGNITOGORSK branch or via the SWIFT BIC Directory.