Countries that require payment purpose codes
The following countries require payment purpose codes:
- India
- Japan
- Philippines
- Malaysia
- Indonesia
- United Arab Emirates
See below a list of payment purpose codes and their corresponding descriptions for each of these countries.
India (under 1.5 million INR)
|
Purpose Code |
Description |
Individual/Company |
|
PC01 |
Credit to NRE Rupee Account |
Individual |
|
PC02 |
Family support |
Individual |
|
PC03 |
Payments for insurance/mutual funds |
Company |
|
PC04 |
Investments in shares/debentures |
Company |
|
PC05 |
Payment for property purchase |
Company |
|
PC06 |
Payment for education |
Company |
|
PC07 |
Payment of medical fees |
Company |
|
PC08 |
Hotel payment by nationals of Gulf countries/NRIS |
Company |
|
PC09 |
Payment to travel agency |
Company |
|
PC10 |
Trade transactions up to Rs. 2 lakhs per transaction |
Company |
India (over 1.5 million INR)
|
Purpose Code |
Description |
Individual/Company |
|
P1301 |
Family maintenance & Savings |
Individual |
|
P1302 |
Personal Gifts |
Individual |
|
P0105 |
Export bills |
Company |
|
P0301 |
Purchases towards travel |
Company |
|
P1303 |
Donations to charity |
Company |
Japan
|
Purpose Code |
Description |
Individual/Company |
|
EPFAMT |
Family maintenance |
Individual |
|
ISINSM |
Payment of instalment (such as repayment of borrowings) |
Individual |
|
ISSALA |
Payment of Salary |
Company |
|
ISAIRB |
Payment for air transport related business |
Individual |
|
ISSCVE |
Purchase sale of services |
Company |
|
ISOTHR |
Other payment purpose |
Individual |
|
ISSTDY |
Payment of study/tuition costs |
Company |
|
ISINVS |
Transaction if for the payment of mutual funds |
Individual |
|
ISSCVE |
Purchase sale of services |
Individual |
|
ISSALA |
Payment of Salary |
Individual |
|
ISACCT |
Transaction moves funds between 2 accounts of same account holder |
Individual/Company |
|
EPFAMT |
Family maintenance |
Company |
|
ISCOMM |
Transaction is payment of commission |
Company |
|
ISOTHR |
Other payment purpose |
Company |
|
EPLIEX |
Living Expenses |
Individual |
|
ISACCT |
Transaction moves funds between 2 accounts of same account holder |
Individual |
|
EPFAMT |
Family maintenance |
Individual |
|
ISCOMM |
Transaction is payment of commission |
Individual |
|
ISOTHR |
Other payment purpose |
Individual |
|
EPLIEX |
Living Expenses |
Individual |
|
ISCOMM |
Transaction is payment of commission |
Individual |
|
ISSTDY |
Payment of study/tuition costs |
Individual |
|
ISBEXP |
Business expenses |
Individual |
|
ISBLDM |
Payment associated with building maintenance |
Individual |
|
ISDIVD |
Transaction is payment of dividends |
Individual |
|
ISMDCS |
Payment for medical services |
Individual |
|
ISRENT |
Payment of Rent |
Individual |
|
ISPENS |
Pension Payment |
Individual |
|
ISINVS |
Transaction if for the payment of mutual funds |
Company |
|
ISINSM |
Payment of instalment (such as repayment of borrowings) |
Company |
|
EPLIEX |
Living Expenses |
Company |
|
ISAIRB |
Payment for air transport related business |
Company |
|
ISBEXP |
Business expenses |
Company |
|
ISBLDM |
Payment associated with building maintenance |
Company |
|
ISDIVD |
Transaction is payment of dividends |
Company |
|
ISMDCS |
Payment for medical services |
Company |
|
ISRENT |
Payment of Rent |
Company |
|
ISPENS |
Pension Payment |
Company |
|
ISGDDS |
Purchase sale of goods |
Individual/Company |
Philippines/Malaysia/Indonesia
|
Purpose Code |
Description |
Individual/Company |
|
IR001 |
Transfer to own account |
Individual /Company |
|
IR002 |
Family Maintenance |
Individual |
|
IR003 |
Education-related student expenses |
Individual |
|
IR004 |
Medical Treatment |
Individual |
|
IR005 |
Hotel Accommodation |
Individual |
|
IR006 |
Travel |
Individual/Company |
|
IR007 |
Utility Bills |
Individual |
|
IR008 |
Repayment of Loans |
Individual/Company |
|
IR009 |
Tax Payment |
Individual/Company |
|
IR010 |
Purchase of Residential Property |
Individual |
|
IR011 |
Payment of Property Rental |
Individual |
|
IR012 |
Insurance Premium |
Individual |
|
IR013 |
Product indemnity insurance |
Individual |
|
IR014 |
Insurance Claims Payment |
Individual |
|
IR015 |
Mutual Fund Investment |
Individual |
|
IR016 |
Investment in Shares |
Individual |
|
IR017 |
Donations |
Individual/Company |
|
IR01801 |
Information Service Charges |
Individual/Company |
|
IR01802 |
Advertising & Public relations-related expenses |
Individual/Company |
|
IR01803 |
Royalty fees, trademark fees, patent fees, and copyright fees |
Company |
|
IR01804
|
Fees for brokers, front end fee, commitment fee, guarantee fee and custodian fee |
Individual |
|
IR01805 |
Fees for advisors, technical assistance, and academic knowledge, including remuneration for specialists |
Company |
|
IR01806 |
Representative office expenses |
Company |
|
IR01807 |
Construction costs/expenses |
Individual |
|
IR01808 |
Transportation fees for goods |
Individual/Company |
|
IR01809 |
For payment of exported goods |
Company |
|
IR01810 |
Delivery fees for goods |
Company |
|
IR01811 |
General Goods Trades - Offline trade |
Company |
United Arab Emirates
|
Purpose Code |
Description |
Individual/Company |
|
RNT |
Emigrating |
Individual |
|
LLA |
Mortgage payments |
Individual |
|
PIN |
Living Expenses |
Individual |
|
UTL |
Paying Bills |
Individual |
|
PEN |
Pension |
Individual |
|
PPL |
Property Purchase |
Individual |
|
LIP |
Repayment of a loan |
Individual |
|
OAT |
Savings |
Individual |
|
EDU |
Education |
Individual |
|
FAM |
Family support |
Individual |
|
CBP |
Medical Expenses |
Individual |
|
CHC |
Donation |
Individual/Company |
|
CIN |
Investments |
Company |
|
GDI |
Goods and Services |
Company |
|
SAL |
Paying wages |
Company |
|
IGT |
Repatriation of funds |
Company |
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