A Foreign Inward Remittance Certificate (FIRC) is a document that acts as a testimonial for all the international transfers entering India. This document is used as proof that an individual or business has received a transfer from outside of India.
We have two banking partners in India, Yes Bank and HDFC. If you’re a business recipient, your transfer will normally be sent out through Yes Bank. For FIRC requests, Yes Bank needs the following documentation:
1. Your request letter for the FIRC
2. The beneficiary bank's request letter to issue the FIRC
3. Issuance charges of 300 INR + 18% tax per FIRC through demand draft
You can have a look examples of the letters before sending yours.
The above documents should be sent to the following address:
Attention: Mr. Nilanjan Sengupta
YES Bank Limited, 8th Floor, Indiabulls Finance Centre, Tower -2 ,
Senapati Bapat Marg, Elphinstone Road,
Mumbai – 400 013
For any queries regarding FIRC documents, please write to the following email address: email@example.com
Please note that it is in some cases possible to receive one single FIRC for multiple transfers from Yes Bank. Yes Bank will make this decision on a case-by-case basis.
If you made a payment to an Indian business recipient before August 16th 2017, and in some exceptional cases after that date, your transfer might have been sent out via HDFC instead. HDFC does not issue FIRC documents but it is possible to obtain an Advice document via a similar process.
You can see the relevant forms and instructions here.
Please also note that payments for Foreign Direct Investment (FDI) purposes are allowed only through banking channels as per RBI (Reserve Bank of India) guidelines. This means that we cannot complete transfers for FDI on your behalf, nor will a FIRC be available in such cases.