BASIC BANK LIMITED Swift Code BKSIBDDH

Here you will get the detailed information of swift code of BASIC BANK LIMITED Main Branch Swift Code and bank address which swift code is “BKSIBDDH002”. Here you will get also all bangladeshi bank address and swift code list. Now see the details information of BASIC BANK LIMITED’s Main Branch Swift Code.

Details information of BASIC BANK LIMITED  Main Branch Swift Code

Bank Name: BASIC BANK LIMITED
Branch: Main Branch
Bank Code: BKSIBDDH
Branch code: 002

Address: BANA SHILPA BHABAN 73, MOTIJHEEL, COMMERCIAL AREA,
Location/Postal code: Dhaka -1000
Country: Bangladesh
SWIFT code: BKSIBDDH002

Website: https://www.basicbanklimited.com

Swift Code analysis of BASIC BANK LIMITED’s Main Branch

1st 4 letter is institution or Bank Neme’s code. 5th and 6th letter is country’s ISO code. 7th and 8th letter is institution or Bank Neme’s head office location code and 9th to 11th letter/digit code is branch code (Optional code).

Here 1st 4 letter bank name: BASIC BANK LIMITED and 4 letter code is BKSI Here 5th & 6th Country Bangladesh and 2 letter ISO Code is BD
Here This bank head office Location Dhaka & 2 letter code is DH
This banks Branch office is Main and 3 digit branch code is 002

 

SWIFT Code Description from Wikipedia

The SWIFT code is 8 or 11 characters, made up of:

 

4 letters: bank Name code

= Here bank name: BASIC BANK LIMITED & 4 letter code is BKSI

2 letters: ISO 3166-1 alpha-2 country code

= Here Country Bangladesh & 2 letter ISO Code is BD

2 letters or digits: location code of Banks head office.

= Here Location Dhaka & 2 letter code is DH

3 letters or digits: branch code, optional (‘XXX’ for primary office). Where an 8-digit code is given, it may be assumed that it refers to the primary office.

= Here Branch is Main 3 digit branch code is 002

BASIC BANK LIMITED’s 8 character Swift Code is: BKSI BD DH
BASIC BANK LIMITED’s Main Branch 11 character Swift Code is: BKSI BD DH 002

Know more about swift code:

BASIC BANK LIMITED Swift Code BKSIBDDH

What is a SWIFT code?

A SWIFT code is an international bank code that identifies particular banks worldwide. It’s also known as a Bank Identifier Code (BIC). Comm Bank uses SWIFT codes to send money to overseas banks.
A SWIFT code consists of 8 or 11 characters.

Use of swift Code

Actually, SWIFT codes are used to identify banks and financial institutions worldwide. They are used by the swift network to transmit wire transfers (money transactions) and messages between them. For international wire transfers, swift codes are always required in order to make transactions secure and fast.

Swift code is very important for All freelancer because if they want to withdraw money from market place, they need – Name, Banks Name, Bank Account Number, and Swift Code.

If you want to receive money from a foreign Bank or withdraw money from Freelancing marketplace, then you need this Swift Code.
As for example, If you want to withdraw money from Google Adsense in your BASIC BANK LIMITED’s Main Branch Account, then you need your Name, your Banks Name, your Bank Account Number, and BASIC BANK LIMITED’s Main Branch’s Swift Code.

For Example:
Name: Md. Mohi Uddin
Banks Name: BASIC BANK LIMITED
Bank Account Number: 002 151 524 6826
BASIC BANK LIMITED’s Main Branch’s Swift Code: BKSIBDDH002

Understanding the swift code

I’m writing this so that this article can increase your knowledge on swift code. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication code. An internationally-recognized identification code for banks around the world. SWIFT codes are most commonly used for international wire transfers and are comprised of 8 or 11 alphanumeric characters. The International Organization of Standardization (IOS) was the authoritative body that approved the creation of SWIFT codes.

Swift codes are broken down into sections, in the same way telephone numbers are broken into sections, and every section reveals some information about the institution that was assigned this code. Read more about the use of swift code

As for example: If we analysis this 0088-0451-63970 telephone phone number we shall get Country code, area code, phone number.
0088: Country code
0451: Area code
63970: Phone number

Swift code consist of eight or eleven characters. Whenever an eight-character code is used, then it is referring to the headquarters (main office) of the institution. Here is how an 11-character code is broken down and what each section of characters represents. Let’s we analysis this 8 and 11-character swift code like this phone number:

As for example: If we analysis this BKSIDBDH002 SWIFT Code we shall get, Bank code, Country code, Banks head office code and branch code.

BKSI: BASIC BANK LIMITED (Bank)
BD: Bangladesh (Country)
DH: Dhaka (Head office)
002: Branch Code

It can be broken down into these sections:
BKSI – BD – DH – 002
In Section 1 (the first 4-characters “BKSI”): This code is used to identify the institution’s global presence (all branches and all divisions around the world). For example, “BKSI” is used for “BASIC BANK LIMITED ”

In Section 2 (5th and 6th characters “BD”): This two-letter code represents the country code. and follows the ISO 3166-1 alpha-2 standard for representing country codes. For example, “BD” for “Bangladesh”.

In Section 3 (7th and 8th characters “DH”): These characters represent the banks head office location code (e.g. “DH” is the code for “Dhaka” that means BASIC BANK LIMITED s head office in Dhaka, and also the second character (8th in the B.I.C.) sometimes carries this information:

If it is equal to “0”, then it typically is a BIC assigned for testing purposes (as opposed to a BIC used on the live network).
If it is equal to “1”, then it denotes a passive participant in the SWIFT network.
If it is equal to “2”, then it typically denotes a “reverse billing” BIC, meaning that the recipient of the message has to pay for the message.

In Section 4 (9th to 11th characters “002”): These final three characters form a “branch code” that refers to the particular branch of the institution. Here this BASIC BANK LIMITED’s particular branch is Main. If this section is omitted, then we have an 8-character swift code that is assumed to refer to the HEAD OFFICE of the institution. Also, a typical naming convention is that in the case we are referring to the main offices of an institution, this branch code is “XXX”.

The SWIFT code is 8 or 11 characters, made up of:
4 letters: Institution Code or bank code.
2 letters: ISO 3166-1 alpha-2 country code
2 letters or digits: location code
3 letters or digits: branch code, optional (‘XXX’ for primary office). Where an 8-digit code is given, it may be assumed that it refers to the primary office.

If the second character is “0”, then it is typically a test BIC as opposed to a BIC used on the live network.
If the second character is “1”, then it denotes a passive participant in the SWIFT network
If the second character is “2”, then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.

3 letters or digits: branch code, optional (‘XXX’ for primary office). Where an 8-digit code is given, it may be assumed that it refers to the primary office.

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