A Foreign Inward Remittance Certificate (FIRC) is a document that acts as proof of foreign transfers to India. Contractors who live in India and receive international payments can request a FIRC for every international payment they receive.
To request a FIRC, contractors should send a letter to their bank with the following details of the transaction:
UTR (Unique Transaction Reference) number (Plane can provide this number; please contact us at support@plane.com to request the UTR)
Name of recipient
Account number
Amount of the transfer
Date of the transfer
Purpose of the transfer
You will then need to pay your bank for the issuance of the FIRC, which will be delivered either physically or electronically, depending on your bank.
Below are instructions for specific banks:
YES Bank
Please send all request letters to the following address:
Attention - Mumbai Inward Remittance Team
YES Bank Limited, 5th Floor,
Indiabulls Finance Centre, Tower - 2,
Senapati Bapat Marg, Elphinstone Road,
Mumbai – 400 013
Further advice-related queries should be sent to dlmumfirc@yesbank.in.
Fees for Issuance
590 INR (includes 18% tax) per transaction (per remittance).
Usually, the fee should be paid by demand draft favoring "YES Bank Ltd, payable Mumbai". However, due to the ongoing pandemic, YES Bank is currently not accepting any demand drafts. The payment of 590 INR should be sent via NEFT to the bank details below:
Account number: 105051718
Account name: Yes Bank Ltd
IFSC code: YESB0000001
Attach proof of payment for the fee to the request letter. Please also specify the postal address where you would like the certificate(s) to be delivered.
Turnaround time
The maximum turnaround time is 10 working days. If there is a delay with your application, please check if all the necessary forms have been correctly filled and sent.
Please note that the duration mentioned is the processing period and does not include the time taken to ship documents from you to YES Bank and back.
Template letter
REQUEST FOR ADVICE ISSUANCE
To Mumbai Inward Remittance Team YES Bank Limited, 5th Floor, Indiabulls Finance Centre, Tower - 2, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013
Dear Sir/Madam,
I hereby request that you issue advice (s) for the following transfer(s) received from <Full company name>.
Name & Address: Account Number: Bank Name: IFSC Code: Total Amount:
Payment reference <Transaction Reference number (UTR number)> Payment Date <Transaction Date> Remittance Amount (INR) <Remittance Amount> Purpose of Remittance <Purpose> Mode of Payment <Mode>
We are attaching a demand draft for _________ as charges for the advice to be issued.
Thanks and regards, <Full Name> <Signature> |
HDFC BANK
Please send all request letters to the following address:
HDFC Bank - Vostro CMS Team
Lodha - I Think Techno Campus, Office Floor 3,
Opp: Crompton Greaves Limited,
Next to Kanjurmarg Railway Station,
Kanjurmarg East,
Mumbai - 400 042.
Further advice-related queries should be sent to vostro@hdfcbank.com or indialink.helpdesk@hdfcbank.com
Fees for issuance
There is a charge of 177 INR (Including currently applicable 18% GST) for Bank and non-HDFC Bank customers per transaction per Advice Issuance. If the transaction is older than 1 year, charges are Rs 354 (Including currently applicable 18% GST). You should attach a demand draft favoring "HDFC Bank Ltd-Advice Charges" along with the request letter.
HDFC Bank customers can directly mention the account number and the amount to get debited for the advice issuance in the request letter (letter to be signed by the authorized signatory).
Turnaround time
The time taken to process the Advice by HDFC Bank is 5 working days (for transactions processed within one year) and 10 working days (for transactions processed beyond one year).
Please note that the duration mentioned is the processing period and does not include the time taken to ship the documents from you to HDFC Bank and back.
Template letter
REQUEST FOR ADVICE ISSUANCE
To HDFC Bank - Vostro CMS Team Lodha - I Think Techno Campus, Office Floor 3, Opp: Crompton Greaves Limited, Next to Kanjurmarg Railway Station, Kanjurmarg East, Mumbai - 400 042.
Dear Sir/Madam,
I hereby request that you issue advice(s) for the following transfers received from <full company name>.
Name & Address: ________________________________ ________________________________ ________________________________
Account Number: ___________________________________ Bank Name: ___________________________________ IFSC Code: ___________________________________ Total Amount: ___________________________________
Transaction details: Reference Number Payment Date Remittance Amount (INR) Purpose of Remittance Mode of Payment <Transaction reference no.> <Transaction date> <Remittance Amount> <Purpose> <Mode>
Non-HDFC Bank customers: We are attaching a demand draft for _________ as charges for the advice to be issued.
HDFC Bank Customer:
We authorize to debit our account no ________________________ for amount INR _______ for the recovery of charges for advice issuance.
Thanks and regards,
<Full Name> <Signature> |
KOTAK BANK
Kotak Bank customers should contact the bank's support team with the details below:
S.Number
UTR Number
Value Date
FCY Amount
INR Amount
Ordering Customer
Beneficiary Name
Beneficiary Account No
Beneficiary Bank
The Kotak support team will provide a "No Objection Certificate (NOC)" to customers who have remitted funds to a Non-Kotak account.
Questions? Please don't hesitate to reach out to us at support@plane.com or use the live chat option at work.plane.com