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Central Bank of India

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 Central Bank of India

We haven't confirmed this bank's EDF procedure yet.

IEC needed?
Not confirmed. Ask your bank
Charges
Forex schedule (01.08.2021): 'EDF approval' and EDF waiver certificate items; no services-EDF line.
FIRA / FIRC
e-FIRC issuance INR 500 flat; FIRC on security paper/letterhead INR 250. Inward remittance commission INR 100 (up to INR 10 lakh) / INR 250 (above). Inward credited to EEFC: INR 500 (01.08.2021 schedule).
Declaring the purpose code
Not found. The bank publishes a SWIFT inward message format: funds route via its Overseas Branch (SWIFT CBININBBOSB) for further credit to the 10-digit account.

Recommendations

  • Give foreign clients the bank's published inward SWIFT format (via Overseas Branch, CBININBBOSB) so the credit reaches your account with full details.
  • Ask your home branch whether it is an AD (forex) branch; if not, ask which mapped AD/forex branch handles your EDF and inward remittances, and get the email address in writing.
  • File one consolidated EDF per month (Annex form of FEMA 23(R)/2026-RB) with an invoice-wise annexure, within 30 days after the invoice month; keep the bank's acknowledgement/EDF number.
  • For PA/platform payouts that arrive as domestic INR credits (Wise/Skydo/Razorpay/Payoneer/PayPal), keep the provider's FIRA/e-FIRC and ask the bank how it wants them mapped to the EDF; no bank in this group publishes a rule for this.
  • Ask your branch or relationship manager how it wants the monthly EDF for services. Most banks take it at the branch or through the relationship manager; business customers may be able to use a trade portal.
  • Ask whether it accepts PAN when you don't have an IEC.
  • Take the printed EDF, the covering letter, copies of the invoices and any FIRA / e-FIRC.
  • Your bank must publish its export policy on its website (Reg. 19). Look for "export" or "FEMA" policy documents there.

Sources