A Foreign Inward Remittance Certificate (FIRC) is a document that acts as proof of a foreign transfer to India.
According to guidelines from the Reserve Bank of India (RBI) and letters circulated by FEDAI (Foreign Exchange Dealers Association in India), the following 2 documents can be issued by A.D (Authorized Dealer) Category I banks in India as proof of foreign transfers to India.
A physical FIRC may be issued only for inward remittances covering Foreign Direct Investment (FDI) / Foreign Institutional Investment (FII). Payments for these purposes are only allowed through banking channels as per RBI guidelines. This means we can't complete transfers for FDI/FII on your behalf, so a FIRC can’t be issued.
According to the RBI, AD Category I banks must report all money transfers to India (inward remittances) to Export and Data Monitoring Systems (EDPMS). This includes any advances or outstanding transfers they've received for the export of goods or software. Banks that receive these kinds of transfers will issue an electronic FIRC to EDPMS when the exporter asks them to.
If your transfer falls into this category, it will be subject to EDPMS reporting. So please make sure you're in line with RBI regulations. You can check this with your bank (the one that received the transfer) and then apply for an e-FIRC with one of our partner banks (the one that processed your transfer). There are more details on how to do this below.
If your transfer doesn’t fall in either of these 2 categories above, you can apply for a Foreign Inward Remittance Advice (certificate of inward remittance) from the partner bank that processed your transfer. Advice is only available for businesses.
To apply for advice, please contact the banking partner that processed your transfer. We have 2 banking partners in India, Yes Bank and HDFC. You can tell which banking partner we used for your transfer by looking at your PDF receipt.
Transfers received via HDFC
HDFC does not issue e-FIRC certificates on behalf of the beneficiaries. It is the responsibility of the beneficiary bank to issue the e-FIRC. However, you can request for a credit advice from HDFC. This credit advice can be used to support your application for the e-FIRC from your bank.
Transfers received via Yes Bank
For transfers received via Yes Bank, you can request an e-FIRC. To do this:
1. Pay YES BANK 354 INR for FIRC issuance charges. There are 2 options to pay:
Keep note of the reference number, as you’ll need to send it to YES BANK.
2. Send an email to firstname.lastname@example.org with the subject “Request for FIRC advice — [corporate name] — [reference number].”
In the email, you’ll need to include the Inward Remittance Transaction details, a valid purpose code for the transaction, an NOC from the beneficiary bank (unless the payment is through YES BANK), and the transaction reference number for the FIRC issuance charges you paid. Here are templates that you can use for your request.
You will also need to attach the TransferWise receipt to your email.
3. YES BANK will then verify the details and send the beneficiary the FIRC advice.
It can take up to 7–10 days, as long as you’ve completed the steps above correctly. If you don’t follow the steps exactly, there can be delays in getting the FIRC advice.
Please don’t courier documents to YES BANK offices or visit their branches in person to make a FIRC request.
Export, import, trade, and business-related transfers to India are regulated under strict guidelines from the RBI and FEDAI. Please review these guidelines closely to better understand whether a FIRC can be issued for your transfer.
Remember that FDI transfers are not allowed under RDA. So, please don't submit FIRC requests about FDI transfers using a different purpose code.