SWIFT/BIC code BTOSIRTHMAD
BTOSIRTHMAD belongs to Credit Institute For Development in Tehran, Iran.
Code details
| SWIFT/BIC code | BTOSIRTHMAD |
|---|---|
| 8-character code | BTOSIRTH |
| Branch code | MAD |
| Bank | Credit Institute For Development |
| Branch | Madar Sq.,(104 |
| City | Tehran |
| Country | Iran |
How the Credit Institute For Development SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BTOS Bank code
- 4 letters that identify the bank.
- IR Country code
- 2 letters for the country (ISO 3166).
- TH Location code
- 2 characters for the city or region of the head office.
- MAD Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
What bank is behind BIC BTOSIRTHMAD?
BTOSIRTHMAD identifies Madar Sq.,(104, a unit of Credit Institute For Development in Tehran, Iran. Only use it if the recipient or their bank explicitly asks for it.
How long does a transfer to Credit Institute For Development take in Iran?
An international SWIFT transfer typically takes 2–5 business days, depending on intermediary banks and cut-off times. Money transfer services are often faster and cheaper.
What do the letters in BTOSIRTHMAD stand for?
BTOS is the institution code of Credit Institute For Development, IR is the ISO code of Iran, TH is the code for the city or region and MAD identifies the branch Madar Sq.,(104.
What do I need to send money to an account at Credit Institute For Development?
You need the SWIFT/BIC code BTOSIRTHMAD, the account number or IBAN of the recipientand the name of the account holder. Iran is not part of SEPA, so the BIC is required.
Can I use BTOSIRTH instead of BTOSIRTHMAD?
BTOSIRTH points to the head office of Credit Institute For Development, while BTOSIRTHMAD points to Madar Sq.,(104. Most international transfers work with the head office code, but use BTOSIRTHMAD if the recipient asks for it.
What happens if I use BTOSIRTHMAD with a typo?
The payment may be delayed, returned or charged extra fees. Double-check BTOSIRTHMAD against the details from Credit Institute For Development before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.