Banking system of any industrializedThe country is characterized by large scale and all-encompassing activities. It is no secret that it is quite difficult to imagine any financial transactions without the participation of banks. Over the past few decades, the banking system has developed so extensively that it has led to an excessive growth of commercial credit organizations. Accordingly, in the conditions of a large increase in the number of non-state banks, the need to assign an individual number to each organization has increased.
What is a bank BIC?Often, people who are far from the banking system, when filling out payment documents to pay bills, encounter such a term and become perplexed. This data is often required when paying bills and transferring funds for services. The identification number is a nine-digit code, which is necessarily included in the details of a financial institution, regardless of the time of its work and the scale of activity. The nine-digit codes of all banks are entered in a single register administered by the Bank of Russia, which, in turn, is assigned to assign numbers during the registration of a credit institution. However, you should not consider the assigned cipher as a simple set of numbers, since each of them will not only allow you to find a bank by BIC, but will also provide certain information about a particular institution.
Вряд ли сотрудники банка будут когда-либо to ask a question like “what is a bank BIC?”, since it is they who have to work with this set of numbers daily. The use of this cipher is mandatory on all payment documents that have at least minimal relation to the credit institution. At the same time, most people encounter BIC without paying attention to it, since it is even indicated on utility and cell phone bills.
Knowing the nine-digit cipher, you can become the ownercompletely exhaustive information about the commercial financial institution, to whose account the transfer of money is planned. A sample list of useful data is presented below:
Do not think that the search for the required organizationis inaccessible to most citizens. Each credit company is not only fixed by its identification number in the register, but also regularly indicated in a special directory issued by the Central Bank. In addition, if you need, for example, to find the answer to the question of how to find out the Bank's BIC, you can use special online search services located on the official site of the Main Bank of Russia.
Not every financial company has the rightbe in the banking system, moreover, not every one of them has the right to be called a bank. If the online service did not help you in finding the answer to the question of how to find a bank for BIC, it is quite possible that the organization you are looking for is not in the financial system of the Russian Federation. This is due to the fact that the assignment of an identification number with entry in a single register deals exclusively with the “Central Bank”. The registration process can be carried out only through an official application with the provision of all necessary documents confirming the legality of the company. The code is assigned in order, to which all banks comply, starting with the first digit indicating the country and ending with the seventh, eighth and ninth digits, which indicate the conditional number of the client’s credit organization where the main correspondent account is opened.
