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IDFC FIRST 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 IDFC FIRST 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 Banking verified

    Listed submission channel.

    Source

  • Online/Digital Banking verified

    Listed submission channel. Module name and retail availability not stated.

    Source

Documents the bank may ask for

  • Request letter including FEMA and other declarations verified
  • EDF form verified
  • Invoice / agreement / contract as applicable verified
  • At realisation: disposal instruction with relevant purpose code and documents where applicable verified
IEC needed?
Not confirmed. Ask your bank
Timing
Regulatory: 30 days from end of invoice month. Bank processes eligible transactions within T+2 working days.
Charges
Standard Schedule of Charges on idfcfirst.bank.in (EDF fee not identified).
FIRA / FIRC
not verified
Declaring the purpose code
Disposal instruction with relevant purpose code (policy). Retail app flow not verified.

Recommendations

  • Ask the branch whether the 'Online/Digital Banking' channel accepts a services EDF upload for savings-account customers. Otherwise submit at the branch with request letter, EDF and invoices.
  • Grievance route if the branch is unsure: banker@idfcfirstbank.com, then rno@ / pno@idfcfirstbank.com.
  • 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.
  • When a foreign credit arrives, give a disposal instruction with the exact purpose code (P0802 software consultancy/implementation, P0807 off-site software exports, P1006 business/management consultancy, P1007 advertising, P1014 engineering, P1099 other services). Do not let it be booked as a personal/family remittance (P13xx).
  • For INR credits from a PA-CB (Wise Business, Skydo, Razorpay MoneySaver, Xflow, BriskPe, etc.) keep the provider's FIRA/e-FIRC and attach it with the invoice when the bank asks for realisation evidence.

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

Sources