SWIFT Code CODVRUM1 — COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY), MOSCOW

About SWIFT Code CODVRUM1 — COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY), MOSCOW

SWIFT code CODVRUM1 is the official 8-character head-office BIC (Bank Identifier Code) for COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) in MOSCOW, 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 COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) for all outward international remittances from MOSCOW. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CODVRUM1

The code CODVRUM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CODVRUM1

Receiving International Wire Transfers

To receive money from abroad at your COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) account in MOSCOW, share SWIFT code CODVRUM1 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 COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY), MOSCOW must provide SWIFT code CODVRUM1. 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 COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) in MOSCOW rely on SWIFT code CODVRUM1 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 COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) →

For cheque clearing or NACH mandates, use the MICR code for COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) →

For TDS challan deposits, find the BSR code for COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) →

How SWIFT Code CODVRUM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code CODVRUM1 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 COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY).
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY) receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CODVRUM1

• Spaces or lowercase letters — Always enter CODVRUM1 uppercase with no spaces.
• Using the wrong city — This code is for MOSCOW 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 CODVRUM1 directly with COMMERCIAL BANK OF DEVELOPMENT (LIMITED LIABILITY COMPANY)'s MOSCOW branch or via the SWIFT BIC Directory.