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Bandhan Bank Ltd.

Research notes as of 09 Oct 2026, not legal or tax advice. VERIFIED means we read the primary source, REPORTED means secondary sources only, and UNCERTAIN means the law or practice is unclear. Ask your bank or a CA before acting on uncertain points.

How to file with Bandhan Bank Ltd.

From the bank's published export policy and other sources, checked 2026-10-04. Banks are still settling their procedures, so confirm with your branch.

How to submit

  • Branch / Trade Processing Unit (TPU) uncertain

    Customer service policy for cross-border transactions (10 Sep 2026): cut-off 3 PM, same-business-day processing. No services-EDF channel described.

    Source

Documents the bank may ask for

  • Export checklist (Annexure III, 20 Jun 2026, before FEMA 23(R)): KYC, IEC certificate copy, LEI, PAN/GSTIN as applicable verified
  • Inward remittance checklist for P0802/P1006/P1014: disposal instruction (M), proforma invoice/PO or commercial invoice (M), service agreement/contract note (O; required above USD 100,000) verified
IEC needed?
Not confirmed. Ask your bank
Timing
Cut-off 3 PM. Inward remittance processed same business day (policy 10 Sep 2026).
Charges
Trade schedule (7 Jul 2026): inward remittance/advance against export Rs 500; small-value bill handling Rs 100/shipping bill; GR waiver Rs 1,000. No EDF-services line.
FIRA / FIRC
not verified
Declaring the purpose code
Disposal instruction with purpose code (checklist).

Recommendations

  • Bandhan's June 2026 inward checklist marks purpose code P1099 'Other services not included elsewhere' as 'No such Transaction to be handled'. Pick the specific service code (e.g. P0802, P1006, P1007, P1014) and do not rely on P1099.
  • Bandhan's export checklist lists an IEC copy as a basic requirement. Expect to be asked for IEC; obtain one on DGFT (PAN-based) if needed.
  • Tell the bank (branch/RM) in writing that you are an exporter of services and ask which channel it accepts for the monthly services EDF (branch trade desk, email, or its trade portal). Keep the acknowledgement.
  • File one consolidated EDF per month, within 30 days after the end of the invoice month. For non-software services you may file on or before the date payment is received.

The bank's export policy (FEMA 23(R)/2026, Reg. 19 disclosure)

Sources