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INR – Indian Rupee


This currency is considered to be restricted, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of India.

Besides this limitation, this currency is considered to be complex because of its complex processing.

Currency Guidelines

Besides the standard information, a dedicated country routing code  known as the IFSC Code  is preferred as best practice in order to ensure the correct processing of the payment through the local clearing.

The IFSC code (Indian Financial System Code) is an alpha-numeric code (eleven digit code) that uniquely identifies a bank-branch participating in the NEFT system (National electronic funds transfer system). The IFSC is used to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches in India.

Example of a IFSC code: APMC0000902

In case that the IFSC Code is not provided, the BIC code (branch identifier included, if provided) of the beneficiary’s bank is mandatory. It is also recommended to add the exact branch location to the remittance information.

A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

Additionally, it is mandatory to add the purpose of payment code (see Appendix I).

Example of a purpose payment code: P1302

Note: the reason of payment and purpose code must not start with the special character '/'.

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here


To consult the Appendix(es) click here

Appendix I: Purpose of Payment Code
Additional information

• Available charge option: OUR/SHA/BEN

• List of Purpose code:

• List of IFSC code:

• For more information about the NEFT System and IFSC code:

• Central Bank of India: