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AmanAnsari · August 26, 2023

Hi All,Hope you are doing well!I went through a lot of conversations and could find only people who had used Local Bank transfers for payment. If someone has actually used SWIFT transfer can they please share their findings. To help each other out, w...

AmanAnsari

Hi @Pranav_v The thing about Local Transfers is that you will not get an FIRC, which is what happened with most people here. If you are okay with not having an FIRC then its fine. IndusInd is anyway a good option since it processes the Local Transfer...

AmanAnsari · December 01, 2023

Hi Prabal, the FIRC will contain the name and address of who sent you the transfer (it may or may not be the same as your end client). Also will will contain a purpose code which you will provide to your bank while remitting the amount in Foreign Cur...

AmanAnsari · December 01, 2023

Hi PrabalThe NOC provided by IndusInd is on their own letterhead and contains all necessary information regarding the transaction: Amount, Transaction Id, Purpose code, etc so its good enough as a proof of transaction. But its not the same as FIRC an...

AmanAnsari · September 02, 2023

Hi Sudheer, Thanks for starting this topic. This is very helpful and would help a lot of people including me. I would like to add the below for Local Bank withdrawals. This is only my opinion from personal experience Pros:Good exchange rateFixed ch...

AmanAnsari · August 26, 2023

Hi VG,Here are the answers to your questions. Hope they clarify some of your doubts.You have to file your GST if your income is more than 20 LPA. Fortunately for software and IT work done for foreign clients, the GST is zero rated so there is no effe...

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Local Bank Transfers vs SWIFT transfers

Re: About FIRC & banks in India!

Re: About FIRC & banks in India!

Re: About FIRC & banks in India!

Re: What is the best mode of withdrawl for indians?

Re: About FIRC & banks in India!