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General Information About Russia BIC Code / БИК код
What is Russia BIC Code or BIK Number?
A Russian bank BIK Number or BIC Code is a unique 9 digits numeric code that's helps to identify a particular bank branch in Russia. This code used to sending & receiving fund betweens various accounts in Russia for domastic fund transfer purposes.
Structure of the Russia BIC Code
A BIC starting with the digits "04" . The first two digits is the code of the Russian Federation, next 2 digits indicate the territory of the Russian Federation according to OKATO (All-Russian Classifier of Objects of Administrative Territorial Division) & finally the last 3 digits of the BIK number must match the last digits in the correspondent account.
Example : Breakdown of BIC Code / BIK Code
0 | 4 | A | A | B | B | C | C | C |
Russian Federation Code | Territory of the Russian Federation according to OKATO | BIK Number | Last 3 Digits of Correspondent Account |
What is Russia BIC code used for?
BIC Code used for various electronic and online fund transfer in Russia for domastic fund transfer purposes.