The International Bank Account Number (IBAN) was specifically developed in order to facilitate the automated processing of cross-border credit transfers. The IBAN is a set standard for bank account numbers that uniquely identifies a customer's bank account held at a bank. The aim of the IBAN is to make cross-border payments between countries more efficient and secure.
Users of the IBAN and the Bank Identifier Code (BIC) will benefit from more efficient and secure cross-border payments and will avoid additional charges. Our local IBAN is made up of 31 alphanumeric characters. You can find your IBAN together with your Bank's BIC on your bank statements.
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Caution:- Users of the IBAN should always ensure that the IBAN being quoted is the one generated/given by their own Bank.