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State 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.

SBI EDF form

The SBI EDF form and how to submit it , with a free version to fill in.

How to file with State Bank of India

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

  • Authorised (A/B category) branch / operating unit verified

    SBI policy: only 'Authorised Branch/Operating Unit' (A and B category branches) handle export/import; the authorised branch is the 'specified authority' certifying services EDFs. Customer guide: 'Current account at an authorised branch' is a prerequisite.

    Source

  • e-Trade on YONO Business verified

    Cross-border framework lists e-Trade on YONO Business (https://yonobusiness.sbi.bank.in) as the digital channel; eTrade journeys include Inward Remittance and EDPMS enquiry/extension/reconcile. A dedicated 'services EDF' journey is not listed. YONO Business is for business customers, so individuals with only a savings account may not have access.

    Source

Documents the bank may ask for

  • Request letter in Bank's standard format with FEMA declarations verified
  • Service agreement / statement of work verified
  • Invoice(s) verified
  • EDF (Annex form) verified
  • Proof that service was provided (delivery / milestone / usage record) verified
  • Third-party payer: tripartite agreement or other proof, and the third party shown in the EDF verified
  • Small-value closure (invoice up to INR 10 lakh): declaration in Bank's format (single or quarterly bulk) verified
  • Prerequisites listed in customer guide: KYC-compliant current account at authorised branch, IEC (active on ICEGATE), PAN, LEI where required by RBI verified
IEC needed?
Yes, the bank asks for an IEC
Timing
Within 30 days from the end of the invoice month (one EDF may cover the month). The bank may extend on request citing reasons, approved under its delegation of authority; 'late submission of services EDF' is a request with a 2-day TAT. EDF certification (services/software) has a T+1 TAT; FIRC is issued T+1 of realisation. SBI enters the EDF in EDPMS within 5 working days. Same-day processing for requests complete by 3:00 pm.
Charges
No services-EDF fee is published. The forex schedule (w.e.f. 01.05.2025) has 'Handling of Softex Forms / e-Commerce Bills / Small value Exports (up to USD 10,000)': Nil for export-credit customers; INR 200 per form for non-export-credit customers (INR 50 if more than 10 in bulk). 'Remittances related to Exports': INR 500 per remittance for non-export-credit customers. e-FIRC: INR 200 for usage, no charge for issuance. Whether these apply to post-1 Oct 2026 services EDFs is not stated. Plus GST. No penal charge for regulatory delay.
FIRA / FIRC
The bank 'issues FIRC if required' with T+1 TAT; e-FIRC is free to issue, INR 200 'for usage' for non-export-credit customers (2025 schedule). Retail IRC inward commission is INR 50 per transaction plus GST (as on 02.06.2026).
Declaring the purpose code
The International Remittance Centre (IRC) auto-processes retail SWIFT inwards up to USD 25,000 only for listed retail purpose codes (e.g. P1301, P1302, P1401, P1499). Services-export codes (P08xx/P10xx) are not on that list, so such messages are 'rerouted to the branch for enhanced due diligence' (forex-linked branch), and inwards above USD 25,000 go to B category branches. For export proceeds the customer must 'tell the Bank the purpose' and give a disposal instruction plus a customer request-cum-debit authority with FEMA declarations. The framework lists extra documents by purpose code, e.g. P0801/P0802: statement of work, milestone sign-off, timesheets; P1004-P1009: engagement letter or contract plus completion certificate.

Recommendations

  • Bank with an SBI authorised (A/B category) forex branch; the customer guide assumes a current account there. If your account is in a non-forex branch, ask which forex-linked branch handles your EDF.
  • SBI's customer guide lists an IEC as a prerequisite, so get an IEC from DGFT (₹500; its number is your PAN) before filing, rather than relying on PAN alone.
  • Expect services-export SWIFT inwards to be held for the branch's purpose-code confirmation, since the central retail IRC only auto-credits personal purpose codes. Reply promptly with a disposal instruction stating the P-code (e.g. P0802/P1006), the invoice and the contract.
  • Attach a statement of work and proof of delivery (milestone sign-off/timesheets) with the monthly EDF, as SBI's export checklist requires.
  • Under SBI's documents rule, use the quarterly bulk declaration to close invoices up to INR 10 lakh.
  • 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.

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

Sources