SWIFT Code IENCRU21 — INDUSTRIAL ENERGY BANK, CHEREPOVETS

About SWIFT Code IENCRU21 — INDUSTRIAL ENERGY BANK, CHEREPOVETS

SWIFT code IENCRU21 is the official 8-character head-office BIC (Bank Identifier Code) for INDUSTRIAL ENERGY BANK in CHEREPOVETS, 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 INDUSTRIAL ENERGY BANK for all outward international remittances from CHEREPOVETS. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code IENCRU21

The code IENCRU21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IENCRU21

Receiving International Wire Transfers

To receive money from abroad at your INDUSTRIAL ENERGY BANK account in CHEREPOVETS, share SWIFT code IENCRU21 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 INDUSTRIAL ENERGY BANK, CHEREPOVETS must provide SWIFT code IENCRU21. 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 INDUSTRIAL ENERGY BANK in CHEREPOVETS rely on SWIFT code IENCRU21 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 INDUSTRIAL ENERGY BANK →

For cheque clearing or NACH mandates, use the MICR code for INDUSTRIAL ENERGY BANK →

For TDS challan deposits, find the BSR code for INDUSTRIAL ENERGY BANK →

How SWIFT Code IENCRU21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IENCRU21 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 INDUSTRIAL ENERGY BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: INDUSTRIAL ENERGY BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IENCRU21

• Spaces or lowercase letters — Always enter IENCRU21 uppercase with no spaces.
• Using the wrong city — This code is for CHEREPOVETS 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 IENCRU21 directly with INDUSTRIAL ENERGY BANK's CHEREPOVETS branch or via the SWIFT BIC Directory.