SWIFT Code DEFKTRI1 — DEMIR FAKTORING A.S., ISTANBUL

About SWIFT Code DEFKTRI1 — DEMIR FAKTORING A.S., ISTANBUL

SWIFT code DEFKTRI1 is the official 8-character head-office BIC (Bank Identifier Code) for DEMIR FAKTORING A.S. in ISTANBUL, Turkey. 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 DEMIR FAKTORING A.S. for all outward international remittances from ISTANBUL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code DEFKTRI1

The code DEFKTRI1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code DEFKTRI1

Receiving International Wire Transfers

To receive money from abroad at your DEMIR FAKTORING A.S. account in ISTANBUL, share SWIFT code DEFKTRI1 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 DEMIR FAKTORING A.S., ISTANBUL must provide SWIFT code DEFKTRI1. 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 DEMIR FAKTORING A.S. in ISTANBUL rely on SWIFT code DEFKTRI1 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 DEMIR FAKTORING A.S. →

For cheque clearing or NACH mandates, use the MICR code for DEMIR FAKTORING A.S. →

For TDS challan deposits, find the BSR code for DEMIR FAKTORING A.S. →

How SWIFT Code DEFKTRI1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code DEFKTRI1 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 DEMIR FAKTORING A.S..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: DEMIR FAKTORING A.S. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code DEFKTRI1

• Spaces or lowercase letters — Always enter DEFKTRI1 uppercase with no spaces.
• Using the wrong city — This code is for ISTANBUL 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 Turkey.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm DEFKTRI1 directly with DEMIR FAKTORING A.S.'s ISTANBUL branch or via the SWIFT BIC Directory.