SWIFT Code RUAGRUM1012 — JSC ROSSELKHOZBANK, MAYKOP

About SWIFT Code RUAGRUM1012 — JSC ROSSELKHOZBANK, MAYKOP

SWIFT code RUAGRUM1012 is the official 11-character branch-specific BIC (Bank Identifier Code) for JSC ROSSELKHOZBANK in MAYKOP, 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 JSC ROSSELKHOZBANK for all outward international remittances from MAYKOP. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RUAGRUM1012

The code RUAGRUM1012 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RUAGRUM1012

Receiving International Wire Transfers

To receive money from abroad at your JSC ROSSELKHOZBANK account in MAYKOP, share SWIFT code RUAGRUM1012 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 JSC ROSSELKHOZBANK, MAYKOP must provide SWIFT code RUAGRUM1012. 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 JSC ROSSELKHOZBANK in MAYKOP rely on SWIFT code RUAGRUM1012 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 JSC ROSSELKHOZBANK →

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

For TDS challan deposits, find the BSR code for JSC ROSSELKHOZBANK →

How SWIFT Code RUAGRUM1012 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RUAGRUM1012 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 JSC ROSSELKHOZBANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: JSC ROSSELKHOZBANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RUAGRUM1012

• Spaces or lowercase letters — Always enter RUAGRUM1012 uppercase with no spaces.
• Using the wrong city — This code is for MAYKOP 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 RUAGRUM1012 directly with JSC ROSSELKHOZBANK's MAYKOP branch or via the SWIFT BIC Directory.