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