India
SWIFT Payouts
Supported Currencies
- INR, AUD, USD, EUR
Restrictions
- All payouts with purpose code as Foreign Direct Investment (P0006, P0007 & P0008) will require additional information. Send Payments may contact remitter of payment for additional information if requested by recipient bank
Field Requirements
| Object | Parameter | Requirements |
|---|---|---|
| Payment Address | accountReference | Required |
| routingCode | SWIFT BIC (8) or (11): xxxxINxx or xxxxINxxxxx Reg Ex format: ^[A-Z]{4}IN[A-Z0-9]{2}([A-Z0-9]{3})?$ | |
| bankCountry | IN | |
| accountType | Required for all INR payments. Must be one of: - Non Resident Ordinary Account - Non Resident Indian - Non Resident Emigrant - Resident | |
| accountName | Only required if the name on the account differs to the Recipient name | |
| Recipient | physicalAddress | Country, City, streetName and Postal Code are required |
| corporateName | Required if recipientType = “corporate” | |
| corporateRegistrationNumber | LEI is required if recipientType = “corporate” for INR payments over 500,000,000 | |
| firstName & lastName | First Name and Last Name if recipientType = “Individual” | |
| Payout | paymentReason | Select Payment Reason Code from list below |
Payment Reason Codes
| PaymentReason Code | Description |
|---|---|
| P0215 | Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc).( Airlines companies) |
| P0216 | Receipts of freight fare -Shipping companies operating abroad |
| P0217 | Receipts of passenger fare by Indian Shipping companies operating abroad |
| P0218 | Other receipts by Shipping companies |
| P0219 | Receipts of freight fare by Indian Airlines companies operating abroad |
| P0220 | Receipts of passenger fare -Airlines |
| P0221 | Other receipts by Airlines companies |
| P0222 | Receipts on account of freights under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others) |
| P0223 | Receipts on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others) |
| P0224 | Postal and Courier services by Air |
| P0225 | Postal and Courier services by Sea |
| P0226 | Postal and Courier services by others |
| P0301 | Purchases towards travel (Includes purchases of foreign TCs, currency notes, by hotels, Emporiums, institutions etc. as well as amount received by TT/SWIFT transfers or debit to Non-Resident account). |
| P0302 | Business travel |
| P0304 | Travel for medical treatment including TCs purchased by hospitals |
| P0305 | Travel for education including TCs purchased by educational institutions |
| P0306 | Other travel receipts |
| P0308 | Foreign Currencies/TCs surrendered by returning Indian tourists. |
| P0501 | Receipts on account of services relating to cost of construction of projects in India |
| P0502 | Receipts on account of construction works carried out abroad by Indian Companies |
| P0601 | Life Insurance premium except term insurance |
| P0602 | Freight insurance - relating to import and export of goods |
| P0603 | Other general insurance premium including reinsurance premium; and term life insurance premium |
| P0605 | Auxiliary services including commission on insurance |
| P0607 | Insurance claim Settlement of non-life insurance; and life insurance (only term insurance) |
| P0608 | Life insurance claim settlements (excluding term insurance) received by residents in India |
| P0609 | Standardised guarantee services |
| P0610 | Premium for pension funds |
| P0611 | Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund Companies. |
| P0612 | Invoking of standardised guarantees |
| P0701 | Financial intermediation except investment banking - Bank charges, collection charges, LC charges, etc. |
| P0702 | Investment banking - brokerage, under writing commission etc. |
| P0703 | Auxiliary services - charges on operation and regulatory fees, custodial services, depository services etc. |
| P0801 | Hardware consultancy/implementation |
| P0802 | Software consultancy/implementation (other than those covered in SOFTEX form) |
| P0803 | Data base, data processing charges |
| P0804 | Repair and maintenance of computer and software |
| P0805 | News agency services |
| P0806 | Other information services- Subscription to newspapers, periodicals, etc. |
| P0807 | Off-site Software Exports |
| P0808 | Telecommunication services including electronic mail services and voice mail services |
| P0809 | Satellite services including space shuttle and rockets, etc. |
| P0901 | Franchises services |
| P0902 | Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises etc. |
| P1002 | Trade related services - commission on exports / imports |
| P1003 | Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies |
| P1004 | Legal services |
| P1005 | Accounting, auditing, book keeping services |
| P1006 | Business and management consultancy and public relations services |
| P1007 | Advertising, trade fair service |
| P1008 | Research and Development services |
| P1009 | Architectural services |
| P1010 | Agricultural services like protection against insects and disease, increasing of harvest yields, forestry services. |
| P1011 | Inward remittance for maintenance of offices in India |
| P1013 | Environmental Services |
| P1014 | Engineering Services |
| P1015 | Tax consulting services |
| P1016 | Market research and public opinion polling service |
| P1017 | Publishing and printing services |
| P1018 | Mining services like on-site processing services analysis of ores etc. |
| P1019 | Commission agent services |
| P1020 | Wholesale and retailing trade services. |
| P1021 | Operational leasing services (other than financial leasing) without operating crew, including charter hire- Shipping |
| P1022 | Other Technical Services including scientific/space services. |
| P1101 | Audio-visual and related services like Motion picture and video tape production, distribution and projection services. |
| P1103 | Radio and television production, distribution and transmission services |
| P1104 | Entertainment services |
| P1105 | Museums, library and archival services |
| P1106 | Recreation and sporting activity services |
| P1107 | Educational services (e.g. fees received for correspondence courses offered to non-resident by Indian institutions) |
| P1108 | Health Service (Receipts on account of services provided by Indian hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site) |
| P1109 | Other Personal, Cultural and Recreational services |
| P1201 | Maintenance of foreign embassies in India |
| P1203 | Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF etc. in India. |
| P1301 | Inward remittance from Indian non-residents towards family maintenance and savings |
| P1306 | Receipts / Refund of taxes |
| P1307 | Receipts on account of migrant transfers including Personal Effects |
| P1401 | Compensation of employees |
| P1403 | Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans) |
| P1405 | Inward remittance towards interest receipts of ADs on their own account (on investments.) |
| P1408 | Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad. |
| P1409 | Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad |
| P1410 | Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India. |
| P1411 | Inward remittance of interest income on account of Portfolio Investment made abroad by India |
| P1412 | Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares |
| P1499 | Other income receipts |
| P1501 | Refunds / rebates on account of imports |
| P1502 | Reversal of wrong entries, refunds of amount remitted for non-imports |
| P1503 | Remittances (receipts) by residents under international bidding process. |
| P1505 | Deemed Exports ( exports between SEZ, EPZs and Domestic Tariff Areas) |
| P1601 | Receipts on account of maintenance and repair services rendered for Vessels, Ships, Boats, Warships, etc. |
| P1602 | Receipts of maintenance and repair services rendered for aircrafts, Space shuttles, Rockets, military aircrafts, etc. |
| P1701 | Receipts on account of processing of goods |
| P0091 | Purchase from Reserve Bank of India (Currency-wise Totals) |
| P0092 | Purchase from other ADs in India (Currency-wise Totals) |
| P0093 | Purchase from Overseas banks and correspondents (Currency-wise Totals) |
| P0094 | debit from the vostro a/c of overseas bank or correspondents (Country-wise Totals) |
| P0095 | Aggregate Purchases at Branches (Currency-wise Totals) |
| P0100 | Exports (Totals) {N/P/D + Collection bills Realised during Fortnight + Advance received during Fortnight} (Purchases from Public against exports (Currency-wise Totals)} |
| P0144 | Purchases from Public against third country exports (Currency-wise Totals) |
| P1590 | receipts below Rs. 5 lakhs (Currency-wise Totals) |
| P1591 | Non-Exports equivalent and above Rs.5 lakhs (Currency-wise Totals) |
| P2088 | Opening Balance (Debit Balance in Mirror/Debit Balance in Vostro) |
| P2199 | Closing Balance (Debit Balance in Mirror/Debit Balance in Vostro) |
| P0017 | Receipts on account of Sale of non-produced non-financial assets |
| P0019 | Receipts on account of Sale of non-produced non-financial assets |
| P0028 | Capital transfer receipts - Government |
| P0029 | Capital transfer receipts - Non-Government |
| P0099 | Other capital receipts not included elsewhere |
| P0003 | Repatriation of Indian Direct investment abroad in equity shares |
| P0004 | Repatriation Indian Direct investment abroad in debt instruments |
| P0005 | Repatriation of Indian investment abroad in real estate |
| P0006 | Foreign Direct Investment made by overseas Investors in India in equity shares |
| P0007 | Foreign Direct Investment made by overseas Investors in India in debt instruments. |
| P0008 | Foreign Direct Investment made by overseas Investors in India in real estate |
| P0001 | Repatriation of Indian Portfolio investment abroad in equity capital (shares) |
| P0002 | Repatriation of Indian Portfolio investment abroad in debt instruments. |
| P0009 | Foreign Portfolio Investment made by overseas Investors in India in equity shares |
| P0010 | Foreign Portfolio Investment made by overseas Investors in India in debt Instruments. |
| P0011 | Repayment of loans extended to Non-Residents |
| P0012 | Long & medium term loans, with original maturity of above one year, from Non-Residents to India |
| P0013 | Short term loans with original maturity upto one year from Non-Residents to India |
| P0014 | Receipts o/a Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) |
| P0015 | Loans null taken by ADs on their own account. |
| P0016 | Purchase of a foreign currency against another currency |
| P0020 | Receipts on account of margin payments, premium payment and settlement amount etc. under Financial derivative transactions |
| P0021 | Receipts on account of sale of share under Employee stock option |
| P0022 | Receipts on account of sale of share under Employee stock option |
| P0024 | External Assistance received by India |
| P0025 | Repayments received on account of External Assistance extended by India |
| P0101 | Value of export bills negotiated / purchased/discounted etc. |
| P0102 | Realisation of export bills sent on collection (full invoice value) |
| P0103 | Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF |
| P0104 | Receipts against export of goods not covered by the GR /PP/SOFTEX /EC |
| P0105 | Export bills (in respect of goods) sent on collection |
| P0107 | Realisation of NPD export bills (full value of bill to be reported) |
| P0108 | Goods sold under merchanting / Receipt against export leg of merchanting trade |
| P0109 | Export realisation on account of exports to Nepal and Bhutan, if any |
| P0201 | Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad |
| P0202 | Receipts on account of operating expenses of Foreign shipping companies operating in India |
| P0205 | Receipts on account of operational leasing Shipping companies |
| P0207 | Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad |
| P0208 | Receipt on account of operating expenses of Foreign Airlines companies operating in India |
| P0211 | Receipt on account of operational leasing (with crew)Airlines companies |
| P0214 | Receipts on account of other transportation services |
Updated 4 months ago