Overview
| Payment Type | Swift (Priority) | Local (Regular) |
|---|---|---|
| Cut off time (UK Time) | n/a | 4:30 pm |
| Delivery time frame | n/a | 0 days |
| Maximum payment size | n/a |
INR 1,500,000 per beneficiary per day INR 1,500,000 limit per invoice. |
| Payment Scheme | n/a | IMPS (up to INR 500,000) NEFT (over INR 500,000, and for banks not connected to IMPS) |
| Destination countries | n/a | India |
| Traces | n/a | No |
| Recalls | n/a | No |
| Ultimate payer displayed? | n/a | No |
Required Details
Local (Regular) Payment
Local INR is a restricted currency. For more information, please visit our FAQ.
| Field | Individual | Company | Permitted Data | Notes |
|---|---|---|---|---|
| Beneficiary Entity Type | ✓ | ✓ | ‘individual’ or ‘company’ only | |
| Beneficiary First Name | ✓ | ✕ | 1-255 characters* | |
| Beneficiary Last Name | ✓ | ✕ | 1-255 characters* | |
| Beneficiary Company Name | ✕ | ✓ | 1-255 characters* | |
| Beneficiary Address | ✓ | ✓ | 1-255 characters* | |
| Beneficiary City | ✓ | ✓ | 1-255 characters* | |
| Beneficiary Country | ✓ | ✓ | 1-255 characters* | |
| Account Number | ✓ | ✓ | 10-20 digits (for payments up to 200,000 INR) 1-20 digits (for payments over 200,000 INR) |
Please note that the account number length varies on the payment rail, which is defined by the payment amount. We validate that the account number provided is a valid one. We do not currently perform checks against the account name. |
| Bank Name | ✓ | ✓ | 1-49 alphanumeric characters; spaces permitted | |
| IFSC | ✓ | ✓ | 4 letters followed by 7 alphanumeric characters | IFSC stands for Indian Financial System Code. It is a 11-digit alpha-numeric code that uniquely identifies a bank branch (the equivalent of a UK Sort Code or US ABA number). |
| Payment Purpose Code | ✓ | ✓ | List of available payment purpose codes available here | |
| Payment Currency | ✓ | ✓ | 3 letter ISO currency code | |
| Payment Amount | ✓ | ✓ | Numeric amount | |
| Payment Reference | ✓ | ✓ | 1-35 alphanumeric characters for payments up to 200,000 INR 1-40 alphanumeric characters for payments over 200,000 INR* |
|
| Payment Reason | ✓ | ✓ | 1-255 alphanumeric characters | |
| Payer Entity Type | ✓ | ✓ | ‘individual’ or ‘company’ only | |
| Payer First Name | ✓ | ✕ | 1-255 characters* | |
| Payer Last Name | ✓ | ✕ | 1-255 characters* | |
| Payer Company Name | ✕ | ✓ | 1-255 characters* | |
| Payer Address | ✓ | ✓ | 1-255 characters* | |
| Payer City | ✓ | ✓ | 1-255 characters* | |
| Payer Country | ✓ | ✓ | 2 letter ISO country code | Payments where the sender is domiciled in India will not be processed. |
| Payer Date of Birth | ✓ | ✕ | ISO 8601 format (YYYY-MM-DD). | |
| Invoice Number | ✓ | ✓ | 1-30 characters* | Necessary when making trade-related INR payments, check our payment purpose guide to see if this applies to your purpose code. |
| Invoice Date | ✓ | ✓ | ISO 8601 format (YYYY-MM-DD). | Necessary when making trade-related INR payments, check our payment purpose guide to see if this applies to your purpose code. |
* Please note that non ASCII characters will be transformed to ASCII equivalent or removed on a best endeavours basis in order to comply with the restrictions of the domestic payment scheme.