Purpose codes | Valid for India payouts
According to FEMA FERA guidelines, the following purpose codes are permitted for sending payouts to India, along with the types of remitters and beneficiaries.
| Code | Short Description | Remitter type Allowed | Beneficiary type allowed |
|---|---|---|---|
| PYR001 | Payment for Services | Individual / Corporates | Individual / Corporates |
| PYR002 | Payment for Software | Individual / Corporates | Individual / Corporates |
| PYR003 | Payments for goods | Individual / Corporates | Individual / Corporates |
| PYR004 | Travel Services | Individual / Corporates | Individual / Corporates |
| PYR005 | Vendor / Contractor Payouts | Individual / Corporates | Individual / Corporates |
| PYR006 | Transfer to own account | Individual | Individual |
| PYR007 | Investment in Shares | Individual | Individual / Corporates |
| PYR008 | Purchase of Property | Individual / Corporates | Individual / Corporates |
| PYR009 | Repayment of Loans | Individual | Individual / Corporates |
| PYR010 | Salary | Corporates | Individual |
| PYR011 | Payment of Property Rental | Individual | Individual / Corporates |
| PYR012 | Information Service Charges | Individual / Corporates | Individual / Corporates |
| PYR013 | Advertising & Public relations-related expenses | Individual / Corporates | Individual / Corporates |
| PYR014 | Royalty fees, trademark fees, patent fees, and copyright fees | Individual / Corporates | Individual / Corporates |
| PYR015 | Fees for brokers, front end fee, commitment fee, guarantee fee and custodian fee | Individual / Corporates | Individual / Corporates |
| PYR016 | Fees for advisors, technical assistance, and academic knowledge, including remuneration for specialists | Individual / Corporates | Individual / Corporates |
| PYR017 | Representative office expenses | Individual / Corporates | Individual / Corporates |
| PYR018 | Tax Payment | Individual | Individual / Corporates |
| PYR019 | Transportation fees for goods | Individual / Corporates | Individual / Corporates |
| PYR020 | Construction costs/expenses | Individual / Corporates | Individual / Corporates |
| PYR021 | Insurance Premium | Individual | Individual / Corporates |
| PYR022 | General Goods Trades - Offline trade | Individual / Corporates | Individual / Corporates |
| PYR023 | Insurance Claims Payment | Individual | Individual / Corporates |
| PYR024 | Family Maintenance | Individual | Individual |
| PYR025 | Education-related student expenses | Individual | Individual / Corporates |
| PYR026 | Medical Treatment | Individual | Individual / Corporates |
| PYR027 | Donations | Not supported | Not supported |
| PYR028 | Mutual Fund Investment | Individual | Individual / Corporates |
| PYR029 | Currency Exchange | Individual / Corporates | Individual / Corporates |
| PYR030 | User Withdrawal | Individual | Individual |
| PYR031 | Advance Payments for goods | Individual / Corporates | Individual / Corporates |
Updated 15 days ago