purpose codes
Find The Purpose Code For Your International Transaction
​
Group No.GroupPurpose CodeDescription
0Capital AccountP0001Repatriation of Indian investment abroad in equity capital (shares)
0Capital AccountP0002Repatriation of Indian investment abroad in debt securities.
0Capital AccountP0003Repatriation of Indian investment abroad in branches
0Capital AccountP0004Repatriation of Indian investment abroad in subsidiaries and associates
0Capital AccountP0005Repatriation of Indian investment abroad in real estate
0Capital AccountP0006Foreign direct investment in India in equity
0Capital AccountP0007Foreign direct investment in India in debt securities
0Capital AccountP0008Foreign direct investment in India in real estate
0Capital AccountP0009Foreign portfolio investment in India in equity shares
0Capital AccountP0010Foreign portfolio investment in India in debt securities including debt funds
0Capital AccountP0011Repayment of loans extended to Non- Residents
0Capital AccountP0012Loans from Non-Residents to India
0Capital AccountP0014Receipts of Non-Resident deposits (FCNRB/NRERA etc.) ADs should report these even if funds are not "swapped" into Rupees.
0Capital AccountP0015Loans & overdrafts taken by ADs on their own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported)
0Capital AccountP0016Purchase of a foreign currency against another currency.
0Capital AccountP0017Sale of intangible assets like patents, copyrights, trade marks etc. by Indian companies
0Capital AccountP0018Other capital receipts not included elsewhere
1Exports (of Goods)P0101Value of export bills negotiated / purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.)
1Exports (of Goods)P0102Realisation of export bills (in respect of goods) sent on collection (full invoice value)
1Exports (of Goods)P0103Advance receipts against export contracts (export of goods only)
1Exports (of Goods)P0104Receipts against export of goods not covered by the GR/PP/SOFTEX/EC copy of shipping bill etc.
1Exports (of Goods)P0105Export bills (in respect of goods) sent on collection.
1Exports (of Goods)P0106Conversion of overdue export bills from NPD to collection mode
1Exports (of Goods)P0107Realisation of NPD export bills (full value of bill to be reported)
2TransportationP0201Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad
2TransportationP0202Purchases, on account of operating expenses of Foreign shipping companies operating in India
2TransportationP0205Purchases on account of operational leasing (with crew) - Shipping companies
2TransportationP0207Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad.
2TransportationP0208Receipt on account of operating expenses of Foreign Airlines companies operating in India
2TransportationP0211Purchases on account of operational leasing (with crew) -Airlines companies
2TransportationP0213Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc). '
3TravelP0301Purchases towards travel (Includes purchases of foreign TCs, currency : notes etc over the counter, by hotels, hospitals, Emporiums, Educational institutions etc. as well as amount received bv TT/SWIFT transfers or debit .
3TravelP0308FC surrendered by returning Indian tourists.
4Communication ServiceP0401Postal services
4Communication ServiceP0402Courier services
4Communication ServiceP0403Telecommunication services
4Communication ServiceP0404Satellite services
5Construction ServiceP0501Receipts for cost of construction of services projects in India
6Insurance ServiceP0601Receipts of life insurance premium
6Insurance ServiceP0602Receipts of freight insurance - relating to import & export of goods
6Insurance ServiceP0603Receipts on account of other general insurance premium
6Insurance ServiceP0604Receipts of Reinsurance premium
6Insurance ServiceP0605Receipts on account of Auxiliary services (commission on Insurance)
6Insurance ServiceP0606Receipts on account of settlement of claims
7Financial ServicesP0701Financial intermediation except investment banking - Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc.
7Financial ServicesP0702Investment banking - brokerage, underwriting commission etc.
7Financial ServicesP0703Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc.
8Computer & Information ServicesP0801Hardware consultancy
8Computer & Information ServicesP0802Software implementation/consultancy (other than those covered in SOFTEX form)
8Computer & Information ServicesP0803Data base, data processing charges
8Computer & Information ServicesP0804Repair and maintenance of computer and software
8Computer & Information ServicesP0805News agency services
8Computer & Information ServicesP0806Other information services- Subscription to newspapers, periodicals, etc.
9Royalties & License FeesP0901Franchises services - patents.copy rights, trade marks, industrial processes, franchises etc.
9License FeesP0902Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films) .
10Other Business ServicesP1001Merchanting Services – net receipts (from sale and purchase of goods without crossing the border)
10Other Business ServicesP1002Trade related services - Commission on exports/imports.
10Other Business ServicesP1003Operational leasing services (other than financial leasing and without operating crew) including charter hire
10Other Business ServicesP1004Legal services
10Other Business ServicesP1005Accounting, auditing, book keeping and tax consulting services
10Other Business ServicesP1006Business and management consultancy and public relations services
10Other Business ServicesP1007Advertising, trade fair, market research and public opinion polling services
10Other Business ServicesP1008Research & Development services
10Other Business ServicesP1009Architectural, engineering and other technical services
10Other Business ServicesP1010Agricultural, mining and on-site processing services - protection against insects & disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc.
10Other Business ServicesP1011Inward remittance for maintenance of offices in India
10Other Business ServicesP1012Distribution services
10Other Business ServicesP1013Environmental services
10Other Business ServicesP1019Other services not included elsewhere
11Personal, Cultural & Recreational servicesP1101Audio-visual and related services -services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights.
11Personal, Cultural & Recreational servicesP1102Personal, cultural services such as those related to museums, libraries, archives and sporting activities and fees for correspondence courses of Indian Universities/Institutes
12Government, not included elsewhere (G.n.i.e.)P1201Maintenance of foreign embassies in India
12Government, not included elsewhere (G.n.i.e.)P1203Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF etc. in India.
13TransfersP1301Inward remittance from Indian nonresidents towards family maintenance and savings
13TransfersP1302Personal gifts and donations
13TransfersP1303Donations to religious and charitable institutions in India
13TransfersP1304Grants and donations to governments and charitable institutions established by the governments
13TransfersP1306Receipts / Refund of taxes
14IncomeP1401Compensation of employees
14IncomeP1403Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans)
14IncomeP1404Inward remittance of interest on debt securities - debentures / bonds /FRNsetc,
14IncomeP1405Inward remittance towards interest receipts of ADs on their own account (on investments.)
14IncomeP1406Repatriation of profits to India
14IncomeP1407Receipt of dividends by Indians
15OthersP1501Refunds / rebates on account of imports
15OthersP1502Reversal of wrong entries, refunds of amount remitted for non-imports
15OthersP1503Remittances (receipts) by residents under international bidding process.
15OthersP1590Receipts below $10,000 (say Rs 5,00,000)
0Capital AccountS0001Indian investment abroad in equity capital (shares)
0Capital AccountS0002Indian investment abroad in debt securities
0Capital AccountS0003Indian investment abroad in branches
0Capital AccountS0004Indian investment abroad in subsidiaries and associates
0Capital AccountS0005Indian investment abroad in real estate
0Capital AccountS0006Repatriation of Foreign Direct Investment in India- in equity shares
0Capital AccountS0007Repatriation of Foreign Direct Investment in India- in debt securities
0Capital AccountS0008Repatriation of Foreign Direct Investment in India- in real estate
0Capital AccountS0009Repatriation of Foreign Portfolio Investment in India- in equity shares
0Capital AccountS0010Repatriation of Foreign Portfolio Investment in India- in debt securities
0Capital AccountS0011Loans extended to Non-Residents
0Capital AccountS0012Repayment of loans received from Non- Residents {Long & medium term loans)
0Capital AccountS0013Repayment of short-term loans received from Non-Residents
0Capital AccountS0014Repatriation of Non-Resident Deposits (FCNRB/N.RERA etc)
0Capital AccountS0015Repayment of loans & overdrafts taken by ADs on their own account
0Capital AccountS0016Sale of a foreign currency against another foreign currency
0Capital AccountS0017Purchase of intangible assets like patents, copyrights, trade marks etc.
0Capital AccountS0018Other capital payments not included Elsewhere
1ImportsS0101Advance payment against imports
1ImportsS0102Payment towards imports- settlement of invoice
1ImportsS0103Imports by diplomatic missions
1ImportsS0104Intermediary trade
1ImportsS0190Imports below Rs. 500,000- (For use by ECD offices)
2TransportationS0201Payments for surplus freight/passenger fare by foreign shipping companies operating in India.
2TransportationS0202Payment for operating expenses of Indian shipping companies operating abroad.
2TransportationS0203Freight on imports - Shipping companies
2TransportationS0204Freight on exports - Shipping companies
2TransportationS0205Operational leasing (with crew) -Shipping companies
2TransportationS0206Booking of passages abroad - Shipping companies
2TransportationS0207Payments for surplus freight/passenger fare by foreign Airlines companies operating in India,
2TransportationS0208Operating expenses of Indian Airlines companies operating abroad
2TransportationS0209Freight on imports - Airlines companies
2TransportationS0210Freight on exports - Airlines companies
2TransportationS0211Operational leasing (with crew) - Airlines companies
2TransportationS0212Booking of passages abroad - Airlines companies
2TransportationS0213Payments on account of stevedoring, demurrage, port handling charges etc.
3TravelS0301Remittance towards Business travel.
3TravelS0302Travel under Basic Travel Quota (BTQ)
3TravelS0303Travel for pilgrimage
3TravelS0304Travel for medical treatment
3TravelS0305Travel for education (including fees, lostel expenses etc.)
3TravelS0306Other travel (international credit cards)
4Communica-tion ServiceS0401Postal services
4Communica-tion ServiceS0402Courier services
4Communica-tion ServiceS0403Telecommunication services
4Communica-tion ServiceS0404Satellite services
5Construction ServiceS0501Construction of projects abroad by Indian companies including import of goods at project site
5Construction ServiceS0502Payments for cost of construction etc. of projects executed by foreign companies in India.
6Insurance ServiceS0601Payments for Life insurance premium
6Insurance ServiceS0602Freight insurance - relating to import & export of goods
6Insurance ServiceS0603Other general insurance premium
6Insurance ServiceS0604Reinsurance premium
6Insurance ServiceS0605Auxiliary services (commission on insurance)
6Insurance ServiceS0606Settlement of claims
7Financial ServicesS0701Financial intermediation except investment banking - Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc.
7Financial ServicesS0702Investment banking - brokerage, underwriting commission etc.
7Financial ServicesS0703Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc.
8Computer & Information ServicesS0801Hardware consultancy
8Computer & Information ServicesS0802Software implementation/consultancy
8Computer & Information ServicesS0803Data base, data processing charges
8Computer & Information ServicesS0804Repair and maintenance of computer And software
8Computer & Information ServicesS0805News Agency services
8Computer & Information ServicesS0806Other information services- Subscription to newspapers, periodicals
9Royalties & License FeesS0901Franchises services - patents, copyrights, trade marks, industrial processes, franchises etc.
9Royalties & License FeesS0902Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts a n d f i l m s )
10OtherS1001Merchanting services – net payments (f rom Sale & purchase of goods without crossing the border).
10Business ServicesS1002Trade related services - commission on exports / imports
10Business ServicesS1003Operational leasing services (other than financial leasing) without operating crew, including charter hire
10Business ServicesS1004Legal services
10Business ServicesS1005Accounting, auditing, book keeping and tax consulting services
10Business ServicesS1006Business and management consultancy and public relations Services
10Business ServicesS1007Advertising, trade fair, market research and public opinion polling Service
10Business ServicesS1008Research & Development services
10Business ServicesS1009Architectural, engineering and other technical services
10Business ServicesS1010Agricultural, mining and on-site processing services - protection against insects & disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc.
10Business ServicesS1011Payments for maintenance of offices Abroad
10Business ServicesS1012Distribution services
10Business ServicesS1013Environmental services
10Business ServicesS1019Other services not included elsewhere
11Personal, Cultural & Recreational servicesS1101Audio-visual and related services -services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights.
11Personal, Cultural & Recreational servicesS1102Personal, cultural services such as those related to museums, libraries, archives and sporting activities; fees for correspondence courses abroad.
12Government not included elsewhere (G.n.i.e.)S1201Maintenance of Indian embassies abroad
12Government not included elsewhere (G.n.i.e.)S1202Remittances by foreign embassies in India
13TransfersS1301Remittance by non-residents towards family maintenance and savings
13TransfersS1302Remittance towards personal gifts and donations
13TransfersS1303Remittance towards donations to religious and charitable institutions abroad
13TransfersS1304Remittance towards grants and donations to other governments and charitable institutions established by the governments.
13TransfersS1305Contributions/donations by the Government to international institutions
13TransfersS1306Remittance towards payment / refund of taxes.
14IncomeS1401Compensation of employees
14IncomeS1402Remittance towards interest on Non-Resident deposits (FCNRB/NRERA/ NRNRD/NRSR etc.)
14IncomeS1403Remittance towards interest on loans from Non- Residents (ST/MT/LT loans)
14IncomeS1404Remittance of interest on debt securities - debentures / bonds / FRNs etc.
14IncomeS1405Remittance towards interest payment by ADs on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.)
14IncomeS1406Repatriation of profits
14IncomeS1407Payment/ repatriation of dividends
15OthersS1501Refunds / rebates / reduction in invoice value on account of exports
15OthersS1502Reversal of wrong entries, refunds of amount remitted for non-exports
15OthersS1503Payments by residents for international bidding
15OthersS1504Crystallize/Cancel export bills
All about purpose codes
Frequently Asked Questions
A purpose code is a code issued by a country's central bank that is required for successful cross-border transactions. The code is assigned to each transaction involving foreign currency and states the purpose for which the transaction is being made. Purpose codes from both the sender and receiver countries may be required when making a cross-border payment in order to meet the regulatory requirements of the banks issuing the codes.
A purpose code is a code issued by a country's central bank that is required for successful cross-border transactions. The code is assigned to each transaction involving foreign currency and states the purpose for which the transaction is being made. Purpose codes from both the sender and receiver countries may be required when making a cross-border payment in order to meet the regulatory requirements of the banks issuing the codes.
A purpose code is a code issued by a country's central bank that is required for successful cross-border transactions. The code is assigned to each transaction involving foreign currency and states the purpose for which the transaction is being made. Purpose codes from both the sender and receiver countries may be required when making a cross-border payment in order to meet the regulatory requirements of the banks issuing the codes.
A purpose code is a code issued by a country's central bank that is required for successful cross-border transactions. The code is assigned to each transaction involving foreign currency and states the purpose for which the transaction is being made. Purpose codes from both the sender and receiver countries may be required when making a cross-border payment in order to meet the regulatory requirements of the banks issuing the codes.
Learn more about purpose codes
Blog posts on purpose codes
What is a Purpose Code? Why is Purpose Code Required?

What is a Purpose Code? Why is Purpose Code Required?

Purpose codes are mandatory for inward and outward remittances in India. But do you know what the purpose code is and why it is needed? Find the answers here.

What Happens When You Choose The Wrong Purpose Code? - International Transactions

What Happens When You Choose The Wrong Purpose Code? - International Transactions

Choosing the wrong purpose code can lead to the suspension of cross-border payments. Here's what happens if you choose the wrong purpose code.

We do cross border payments and
compliances for Indian SMEs.

Regd. Offices

INDIA: 316 2nd floor The Mayfair 100 Feet Road Indira Nagar 1st Stage, HAL 2nd Stage, Bengaluru, Karnataka 560038

US: SALT POZIOM INC. Address: 2093 PHILADELPHIA PIKE #1221 CLAYMONT, DE 19703, USA

Copyright @ Poziom Ventures Pvt. Ltd