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What is the IBAN No. and BIC No.

Asked by Dipendra Banerjee, 11 Oct '08 01:16 pm
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International Bank Account Numbers (IBAN) and Bank Identifier Codes(BIC) were introduced by the European Commission. The aim is tostandardise the information required for the efficient routing and deliveryof payments across European countries.The use of IBAN and BIC when making or receiving payments withinEurope will help to reduce the number of payment errors and delays. -------------------------------------------------------- ------------------------ Page 2 GB29BOFS802001 00123456I B A N O V E R V I E WAn example of a UK IBAN (22 characters) is as follows:International Bank Account Numbers (IBANs) are a European standard used torepresent bank account numbers. Each domestic bank account will have a uniquecorresponding IBAN, allowing the bank account to be easily identified. Your IBAN doesnot replace your domestic bank account number, it may include your domestic accountnumber, sort code and additional characters.Each European country has specified the country specific length and co ...more
Answered by Pardeep kapoor, 11 Oct '08 01:19 pm

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