Introduction to Calculating IBAN and RIB

RIB (Relevé d'Identité Bancaire) and IBAN (International Bank Account Number) are the representation of client accounts for domestic and international payments respectively. These are to be generated at the time of opening accounts.

Further, for specific scenarios like branch merge and migration of accounts, it is expected that the existing RIB for an account is reused and that a fresh generation of RIB for the account is suppressed.