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IndusInd 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 IndusInd 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 operations uncertain

    Policy covers 'physical documents, digital channels, electronic platforms, trade portals'. No specific services-EDF channel or portal name given.

    Source

  • Digital channels / trade portals (unnamed) verified

    Documents 'may be accepted in physical, electronic or digital form'. EDPMS update confirmations by email/SMS/digital banking/trade portals.

    Source

Documents the bank may ask for

  • EDF verified
  • Service export invoice(s) containing the SAC code verified
  • Invoice-wise annexure reconciling customer-wise and invoice-wise details for a consolidated EDF verified
  • FIRC, credit advice, bank statement or other evidence of realisation where proceeds were already received verified
  • Customer request letter containing FEMA declaration verified
  • Contract/work order/service agreement NOT required for every transaction. Called for on a risk basis verified
  • At realisation: applicable FETERS purpose code, export reference (EDF/invoice) verified
IEC needed?
Not confirmed. Ask your bank
Timing
EDF within 30 days from end of invoice month. Non-software services may file on or before realisation. Written request for extension handled under the internal approval framework.
Charges
As per the Bank's Board-approved Schedule of Charges (Indus Exim schedules). EDF fee not identified.
FIRA / FIRC
FIRC, BRC/e-BRC info and EDPMS status confirmation issued on request per service standards/charges.
Declaring the purpose code
At receipt the bank obtains the 'applicable FETERS purpose code' and an export reference. Retail module not verified.

Recommendations

  • With a consolidated EDF, attach an invoice-wise annexure (client, country, invoice no./date, SAC, amount). easylancing's EDF export should include one.
  • Put the SAC code on every invoice. IndusInd lists 'invoice(s) containing the applicable SAC code'.
  • 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.
  • 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