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Equitas Small Finance 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 Equitas Small Finance Bank Ltd.

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

How to submit

  • Home branch uncertain

    No services-EDF channel or FEMA 23(R) policy found. The inward remittance disposal instruction letter is addressed to 'The Branch Manager', so the EDF is likely also handled by the branch.

    Source

Documents the bank may ask for

  • Monthly EDF in the Gazette Annex format (Part 1, Part 2B invoice schedule), signed reported
  • Copies of all invoices raised in the month reported
  • Contract / engagement letter / proof of service delivery reported
  • FIRC/IRM reference for payments already received reported
IEC needed?
Not confirmed. Ask your bank
Timing
Regulatory: within 30 days after invoice month; bank timelines not found
Charges
not_found
FIRA / FIRC
not_found
Declaring the purpose code
Disposal Instruction Letter (Annexure 10) to the Branch Manager: standing or transaction-specific, with currency/max amount, conversion %, charges account and RBI purpose code (verified). For P0802/P0803/P0806 etc.: under USD 10,000 no documents; USD 10,000 and above, one of: accepted PO, pro-forma invoice/fee statement, agreement/contract, remitter email, or equivalent (verified).

Recommendations

  • Submit a standing Disposal Instruction with your services purpose code (e.g. P0802) so every client payment is coded as export income.
  • Keep invoices/contracts ready for any single receipt of USD 10,000 or more.
  • NiyoX/Niyo Global-Equitas accounts lost app access from 1 Jun 2025. Former Niyo users banking with Equitas must deal with Equitas directly.
  • Ask the branch where services EDFs go. No policy was published as of 4 Oct 2026.
  • 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