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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