SWIFT Code PRMGRU21 — PROMENERGOBANK OAO, VOLOGDA

About SWIFT Code PRMGRU21 — PROMENERGOBANK OAO, VOLOGDA

SWIFT code PRMGRU21 is the official 8-character head-office BIC (Bank Identifier Code) for PROMENERGOBANK OAO in VOLOGDA, 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 PROMENERGOBANK OAO for all outward international remittances from VOLOGDA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code PRMGRU21

The code PRMGRU21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code PRMGRU21

Receiving International Wire Transfers

To receive money from abroad at your PROMENERGOBANK OAO account in VOLOGDA, share SWIFT code PRMGRU21 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 PROMENERGOBANK OAO, VOLOGDA must provide SWIFT code PRMGRU21. 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 PROMENERGOBANK OAO in VOLOGDA rely on SWIFT code PRMGRU21 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 PROMENERGOBANK OAO →

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

For TDS challan deposits, find the BSR code for PROMENERGOBANK OAO →

How SWIFT Code PRMGRU21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code PRMGRU21 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 PROMENERGOBANK OAO.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: PROMENERGOBANK OAO receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code PRMGRU21

• Spaces or lowercase letters — Always enter PRMGRU21 uppercase with no spaces.
• Using the wrong city — This code is for VOLOGDA 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 PRMGRU21 directly with PROMENERGOBANK OAO's VOLOGDA branch or via the SWIFT BIC Directory.