Besides the standard information, the IBAN format is mandatory (see Appendix VI).
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Additionally, it is mandatory to provide in the remittance information:
• The beneficiary’s account full name in the beneficiary information field
• The beneficiary’s complete address in the beneficiary information / address field
• The beneficiary’s bank full name in the sender to receiver field
• The beneficiary’s bank full address (exact branch location) in the sender to receiver field
• The beneficiary’s telephone number. The beneficiary's phone number must be pre-fixed with 'Phone #'
Example: Phone # +922111111111.
• The remitter's unique ID. In case the remitter has no ID, it can be left blank.
• The beneficiary's identification number in the remittance information field, based on the below table:
Beneficiary type
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Required Information in the Remittance information field (field 70 line 2)
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Example
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INDIVIDUAL
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CNIC or SNIC (Computerized National Identity Card/ Smart National Identity Card Number)
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'CNIC 1111145561111' or 'SNIC 1111145561111'
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CORPORATE
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NTN (National Tax Number)
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'NTN 0003456-2'
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