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Indian Bank

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 Indian Bank

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

  • Home branch, then FxCPC (Forex Centralised Processing Centre) verified

    Inward-trade page (last modified 23.06.2026): customer submits to home branch (preliminary due diligence), then FxCPC.

    Source

  • IND Trade NeXT verified

    Digital trade/forex initiation for Corporate Net Banking users.

    Source

  • FxCPC export desks verified

    Level-1 escalation: fxchennai.exports@indianbank.bank.in, export.fxcpcmum@indianbank.bank.in.

    Source

Documents the bank may ask for

  • FEMA Declaration verified
  • Invoice verified
  • SOFTEX certified by STPI/SEZ (pre-Oct 2026 page; not yet updated for EDF) verified
  • Request-cum-Undertaking for Handling Advance Inward Remittance (for advances) verified
IEC needed?
Not confirmed. Ask your bank
Timing
Requests received by 15:30 IST are processed the same day; later requests the next working day.
Charges
Not found for services EDF.
FIRA / FIRC
FIRC INR 550; duplicate INR 1,050 (schedule PDF 23.06.2026). Non-trade inward: Nil below USD 3,000, INR 550 above.
Declaring the purpose code
Savings account inwards up to USD 10,000 are auto-credited with no documents. Above USD 10,000, FEMA Declaration (Form 2) plus supporting documents (invoice, agreement, etc.) are required. Bulk STP up to USD 3,000.

Recommendations

  • Indian Bank had not published a post-1 Oct 2026 services-EDF SOP as of 4 Oct 2026. Ask the home branch to confirm submission to FxCPC.
  • For inwards above USD 10,000, file FEMA Declaration (Form 2) with the invoice.
  • 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.
  • 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.

Sources