Foreign Inward Remittance Certificates (FIRC) serve as proof of foreign transfers to India.
This document outlines the process for obtaining a FIRC.
Every fund transfer transaction in India has a Unique Transaction Reference (UTR) number that is used for identifying an NEFT, IMPS or RTGS transaction. Every bank in India uses UTR numbers for all local modes of money transfer. Sending banks can provide FIRCs for given UTRs.
If the beneficiary of the payment knows the UTR number, the quickest way of obtaining the FIRC is for the beneficiary to request it directly from the sending bank.
In some cases, the beneficiary cannot see the UTR in which case they may contact the payer who may then contact yourself as the Payment Service Provider. To obtain the UTR on behalf of your customer, contact support@currencycloud.com. We will then contact our banking partner requesting the UTR for the transaction and confirm who the sending bank is. As soon as we have the information we will pass it on to you to provide to the payer and the beneficiary. The beneficiary is then able to request the FIRC from the sending bank.
- Unique Transaction Reference number (UTR);
- Customer name (original remitter name);
- Account number;
- Amount of remittance;
- Date;
- Purpose of the payment.