General Info and FAQs

INR Purpose Code Restrictions

Please note due to recent changes with our banking partner, all payments in INR currency routing that include the purpose codes noted below will no longer be accepted and will be canceled, regardless of the intended beneficiary bank. 

If the beneficiary bank is not HDFC we allow the following purpose codes for payments in INR:

Purpose Code Purpose Code Description
insurance_claims Insurance claims payment
services Information service charges
advertising Advertising and public relations-related expenses
royalties Royalty, trademark, patent and copyright fees
other_fees Broker, front end, commitment, guarantee and custodian fees
advisor_fees Fees for advisory, technical, academic, or specialist assistance
construction Construction costs/expenses
exports Payments for exported goods
trade Trade settlement for goods and general goods trades
trade settlement Trade settlement for goods and general goods trades
family Family maintenance
goods Trade settlement for goods and general goods trades
transfer Transfer to own account

 

For payments to HDFC Bank we only allow the following 3 purpose codes:

Purpose Code Purpose Code Description
family  Family maintenance
transfer  Transfer to own account
travel Travel

 

 

 

 

Updated