India 🇮🇳

Payouts to India via the INR corridor are subject to rigorous regulatory oversight by the Reserve Bank of India (RBI).

Metadata requirements

ElementDescription
currencyCodeSet to INR for Indian Rupee transfers.
paymentMethodTypeThe routing rail. Must be YESBANKALL.
paymentMethodValueThe IFSC Code of the beneficiary bank.
amountValue to send (Minimum: 1.00).
transferPurposeThe standardized RBI reason code for the transfer.
tenantReferenceYour unique transaction tracking ID.
beneficiaryCountryIsoThe ISO 2-letter country code for India.

{
  "currencyCode": "INR",
  "remittersInfo": {
    "remitterAddress": "Demo Account",
    "remitterCountryIso": "IN",
    "remitterDateOfBirth": "1994-03-31",
    "remitterID": "25031971",
    "remitterIDType": "driver",
    "remitterType": "I",
    "remitterFullName": "Demo Account",
    "remitterIDIssueDate": "2023-03-31",
    "remitterIDExpiryDate": "2024-03-31",
    "remitterPhoneNumber": 9566778899
  },
  "beneficiaryAccountName": "Bhavita Maulik Shah",
  "beneficiaryAccountNumber": "918010039955817",
  "beneficiaryContactNo": 9566778899,
  "beneficiaryPIN": null,
  "beneficiaryType": "I",
  "beneficiaryIDType": "DATEOFBIRTH",
  "beneficiaryIDExpiryDate": "2024-03-31",
  "beneficiaryIDIssueDate": "2023-03-31",
  "beneficiaryIDNumber": "25035971",
  "amount": 17,
  "narration": "Single Payout NGN example",
  "paymentMethodType": "YESBANKALL",
  "paymentMethodValue": "UTIB0000327",
  "tenantReference": "{{$randomUUID}}",
  "beneficiaryAddress": "example address",
  "beneficiaryFirstName": "CHI",
  "beneficiaryLastName": "BEE",
  "beneficiaryCity": "PLACE",
  "beneficiaryState": "THERE",
  "beneficiaryZIP": "1212",
  "beneficiaryCountryIso": "IN",
  "transferPurpose": "PC02" 
}
[
    {
      id: 'PC01',
      code: 'PC01',
      description: 'Credit to Non-resident (External) Rupee accounts maintained by Non-resident Indians in Indian Rupees.',
      remitterType: ['Individual'],
      beneficiaryType: ['Individual'],
    },
    {
      id: 'PC02',
      code: 'PC02',
      description: 'Payments to families of Non-resident Indians.',
      remitterType: ['Individual'],
      beneficiaryType: ['Individual'],
    },
    {
      id: 'PC03',
      code: 'PC03',
      description:
        'Payments in favour of Insurance companies, Mutual Funds, and the Postmaster for premium / investments',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC04',
      code: 'PC04',
      description:
        'Payments to bankers for investments in shares and debentures.',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC06',
      code: 'PC06',
      description: 'Payments of tuition / boarding, examination fee etc. to schools, colleges and other educational institutions',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC07',
      code: 'PC07',
      description: 'Payments to medical institutions and hospitals for medical treatment of NRIs / their dependents and nationals of Gulf Countries in India.',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC08',
      code: 'PC08',
      description: 'Payments to hotels by nationals of Gulf countries / NRIs for their stay.',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC09',
      code: 'PC09',
      description: 'Payments to travel agents for booking of passages of NRIs and their families residing in India towards their travel in India by domestic airlines / rail, etc.',
      remitterType: ['Individual'],
      beneficiaryType: ['Individual', 'Company'],
    },
    {
      id: 'PC10',
      code: 'PC10',
      description: 'Trade transactions up to Rs. 15 lakhs per transaction (Goods)',
      remitterType: ['Individual', 'Company'],
      beneficiaryType: ['Individual', 'Company'],,
    },
    {
      id: 'PC11',
      code: 'PC11',
      description: 'Payments to utility service providers in India, for services such as water supply, electricity supply, telephone (except for mobile top-ups), internet, television etc.',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC12',
      code: 'PC12',
      description: 'Tax payments in India.',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC13',
      code: 'PC13',
      description: 'EMI payments in India to Banks and Non-Banking Financial Companies (NBFCs) for repayment of loans',
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC14',
      code: 'PC14',
      description: "Remittances to the Prime Minister's National Relief Fund subject to the condition that the remittances are directly credited to the Fund by the banks and the banks maintain full details of the remitters",
      remitterType: ['Individual'],
      beneficiaryType: ['Company'],
    },
    {
      id: 'PC16',
      code: 'PC16',
      description: 'Trade transactions up to Rs. 15 lakhs per transaction (Service)',
      remitterType: ['Individual', 'Company'],
      beneficiaryType: ['Individual', 'Company'],
    },
  ]