Free directory of all 7 correspondent bank SWIFT/BIC codes registered in BUTAN. Click any bank to view its full record and track an international SWIFT payment routed through it.
Bhutan's ngultrum is pegged 1:1 to the Indian rupee, making India the primary gateway for Bhutan's cross-border payments. Bank of Bhutan and Bhutan National Bank are the main SWIFT correspondents, routing hydropower export proceeds (electricity sold to India represents Bhutan's largest export) and tourism receipts through Indian correspondent banks in Kolkata and Delhi.
| RTGS / Settlement System | RTGS (Royal Monetary Authority of Bhutan — RMA) |
|---|---|
| Currency | BTN — Bhutanese Ngultrum (pegged 1:1 to INR) |
| Central Bank | Royal Monetary Authority (RMA) |
| Typical SWIFT Timing | 2–4 days (via India corridor); 4–7 days (other destinations) |
Most international SWIFT wires arrive in Bhutan within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Bhutan processes large-value interbank settlements through RTGS. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is BTN — Bhutanese Ngultrum. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 7