Bank Code Verified

PUBABDDH199, SWIFT Code for PUBALI BANK LIMITED, DHAKA

Swift Code: PUBABDDH199

Bank: PUBALI BANK LIMITED

Address: RAJUK AVENUE, 18 LAL BHABAN

City: DHAKA

Branch: DHAKA STADIUM BRANCH

Postcode: 1000

Country: Bangladesh

Swift Code: PUBABDDH199

Bank: PUBALI BANK LIMITED

Address: RAJUK AVENUE, 18 LAL BHABAN

City: DHAKA

Branch: DHAKA STADIUM BRANCH

Postcode: 1000

Country: Bangladesh

Topic 1: Anto Swift Codes: Explaining the purpose and importance of Swift codes

Swift codes, also known as Bank Identifier Codes (BIC), play a crucial role in international banking. These unique codes are used to identify specific financial institutions worldwide, enabling secure and efficient transactions between banks.

In this article, we will explore the purpose and importance of Swift codes, and how they facilitate seamless connections among different banks across the globe. Topic 2: The Role of Swift Codes in International Banking: Discussing how Swift codes facilitate secure and efficient international transactions, highlighting the significance of the given code in connecting with other financial institutions across the globe.

In today’s interconnected world, international banking transactions are a common occurrence. Whether it’s transferring funds overseas, making cross-border payments, or facilitating foreign trade, the need for secure and efficient communication among financial institutions is paramount.

This is where Swift codes come into play. Imagine a scenario where a bank in Dhaka, Bangladesh wants to wire funds to a bank in New York, United States.

Without a Swift code, this transaction would be highly challenging and time-consuming. Swift codes act as a standardized format for identifying banks, making it hassle-free to transmit financial messages across borders.

The Swift code for Pubali Bank Limited, Dhaka Stadium Branch, is PUBABDDH199. Let’s break down this code to understand its components.

The first four letters, “PUBA,” represent the bank’s unique identifier, known as the Bank Code. This code remains the same for all branches of Pubali Bank Limited.

The fifth and sixth letters, “BD,” depict the country code for Bangladesh, ensuring accurate identification of the bank’s location. The following two letters, “DH,” indicate the city code for Dhaka, further refining the details of the branch’s location within the country.

The last three digits, “199,” signify the unique branch code for the Dhaka Stadium Branch. This ensures that transactions are directed to the specific branch, rather than the bank’s headquarters or other branches.

This Swift code serves as a vital tool in connecting Pubali Bank Limited with other financial institutions globally. When a bank in another country receives a transaction request from Pubali Bank Limited, they can easily identify the bank’s location, branch, and unique identifier through the Swift code.

This simplifies the process, reducing the possibility of errors and delays. The significance of Swift codes becomes even more apparent when considering the sheer number of financial institutions involved in international transactions.

With over 11,000 banks and financial institutions across the globe, a standardized identification system is crucial for effective communication and coordination. Swift codes are administered by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

This international cooperative, headquartered in Belgium, ensures that all member banks adhere to a standardized format for Swift codes. It also provides a secure messaging platform for banks to exchange financial information, ensuring confidentiality and integrity of transactions.

Besides facilitating the transmission of financial messages, Swift codes also enable banks to comply with various regulatory requirements. For instance, when making cross-border transfers, banks need to disclose the beneficiary’s bank details.

Without a Swift code, this process would be cumbersome, increasing the risk of errors and potential non-compliance with regulations. In conclusion, Swift codes are an essential component of international banking.

They provide a standardized format for identifying and communicating with financial institutions worldwide. The given Swift code, PUBABDDH199, enables Pubali Bank Limited’s Dhaka Stadium Branch to connect seamlessly with other banks across the globe, ensuring secure and efficient international transactions.

Without Swift codes, the complexity of cross-border banking would be significantly amplified. Topic 3: Unveiling PUBALI BANK LIMITED

Let’s delve deeper into Pubali Bank Limited, the institution behind the Swift code PUBABDDH199.

Established in 1959, Pubali Bank Limited is one of the leading commercial banks in Bangladesh. With a strong commitment to excellence and customer satisfaction, the bank has played a significant role in the country’s banking sector for over six decades.

Pubali Bank Limited offers a wide range of banking products and services tailored to meet the diverse needs of its customers. From personal banking to corporate banking and trade finance, the bank offers comprehensive solutions to individuals, businesses, and institutions alike.

The bank prides itself on its extensive branch network, with over 450 branches across Bangladesh. This extensive presence ensures that customers can easily access banking services and enjoy the benefits of personalized assistance in their local communities.

Pubali Bank Limited places high importance on innovation and technology. The bank has embraced digital transformation, offering online banking services and mobile applications to enhance convenience and accessibility for its customers.

With these digital channels, customers can perform transactions, check balances, and access a wide range of banking services from the comfort of their homes or on the go. As a responsible corporate citizen, Pubali Bank Limited also engages in various corporate social responsibility initiatives.

The bank supports communities by investing in education, healthcare, and environmental conservation. By actively participating in community development programs, Pubali Bank Limited demonstrates its commitment to giving back to society.

Topic 4: Common Uses of Swift Codes

Swift codes, such as PUBABDDH199, have various practical applications in international banking. Here are some common uses of Swift codes:

1.

International Fund Transfers: When individuals or businesses need to transfer funds internationally, they rely on Swift codes to ensure the smooth and accurate routing of their payments. Whether it’s sending money to family members abroad or making cross-border investments, Swift codes streamline the process, reducing errors and delays.

2. Cross-Border Trade: International trade involves complex financial transactions that necessitate secure and reliable communication between banks.

Swift codes enable the identification of beneficiary banks, ensuring that trade-related payments reach the intended recipients promptly and accurately. 3.

Foreign Currency Exchanges: When exchanging currencies, financial institutions need to verify the location and details of the beneficiary’s bank. With Swift codes, banks can ensure that foreign currency exchanges are executed efficiently, minimizing risks and maximizing convenience for their customers.

4. Interbank Communication: Financial institutions need to communicate with each other to verify account details, resolve issues, and authenticate transactions.

Swift codes facilitate this communication by providing a standardized identification system, allowing banks to connect seamlessly and securely. 5.

Regulatory Compliance: Swift codes play a vital role in ensuring regulatory compliance in international banking. Financial institutions must comply with anti-money laundering (AML) and know your customer (KYC) regulations.

Swift codes streamline the process by providing accurate details about the beneficiary banks, reducing the risk of non-compliance. 6.

Correspondent Banking Relationships: Banks establish correspondent banking relationships to offer their customers access to a broader range of financial services in other countries. Swift codes are crucial in establishing and maintaining these relationships, as they enable efficient communication and coordination between correspondent banks.

In conclusion, Pubali Bank Limited, operating with its Swift code PUBABDDH199, has emerged as a significant player in Bangladesh’s banking sector. By offering a wide range of comprehensive banking services and embracing digital innovation, the bank strives to provide exceptional customer experiences.

Swift codes, including PUBABDDH199, play a pivotal role in international banking by facilitating secure and efficient transactions, ensuring seamless connections between financial institutions across the globe. Whether it’s international fund transfers, cross-border trade, or regulatory compliance, Swift codes streamline processes and enhance the effectiveness of global banking operations.

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