SWIFT Code JORORU21LIB — ROST BANK, LIPETSK

About SWIFT Code JORORU21LIB — ROST BANK, LIPETSK

SWIFT code JORORU21LIB is the official 11-character branch-specific BIC (Bank Identifier Code) for ROST BANK in LIPETSK, 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 ROST BANK for all outward international remittances from LIPETSK. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code JORORU21LIB

The code JORORU21LIB follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code JORORU21LIB

Receiving International Wire Transfers

To receive money from abroad at your ROST BANK account in LIPETSK, share SWIFT code JORORU21LIB 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 ROST BANK, LIPETSK must provide SWIFT code JORORU21LIB. 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 ROST BANK in LIPETSK rely on SWIFT code JORORU21LIB 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 ROST BANK →

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

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

How SWIFT Code JORORU21LIB Routes an International Transfer

1. Initiation: The sender provides SWIFT code JORORU21LIB 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 ROST BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: ROST BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code JORORU21LIB

• Spaces or lowercase letters — Always enter JORORU21LIB uppercase with no spaces.
• Using the wrong city — This code is for LIPETSK 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 JORORU21LIB directly with ROST BANK's LIPETSK branch or via the SWIFT BIC Directory.