- On 04/07/2016
According to the ISO compliant IBAN Standard issued by the Central Bank of UAE, all IBANs have a fixed length of 23 characters.
|UAE IBAN FORMAT|
|Country Code||Check Digit||Basic Bank Account Number|
|Bank Codde||Domestic Account Number|
IBAN has 3 components i.e. the Country Code, the Check Digit & the Basic Bank Account Number
The country code (first and the second characters of an IBAN) helps to identify and country where the account is resident. It contains the ISO two letter country code ‘AE’ (the ISO country code for the UAE)
The Check Digit (third and the fourth characters of an IBAN) helps to verify the IBAN internationally is always generated by a bank in UAE and helps in verifying if the account number is correct or otherwise The BBAN helps to identify an account number of a customer, as well as his bank, domestically.
It comprises the Bank identifier (which identifies the account holding bank) and the customer account number. In the case of UAE, the Bank Identifier is the 3 digits following the Check Digits.
The remaining part of the IBAN is the existing customer account number. The length of the customer account number in the IBAN is fixed as 1 6 characters. It can ONLY contain numbers (0 to 9).