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List of Purpose Codes for Foreign Inward Remittance to India

Banks normally ask for purpose code (also known as purpose of remittance) for all money transfers from overseas to a resident account if the amount exceeds Rs.1,00,000 (or its equivalent in foreign exchange). It is mandatory for the bank to submit these details to RBI on a regular basis.

The receiver can keep 50% of the amount (70% for exporters) in Exchange Earners Foreign Currency account (EEFC) as foreign currency itself or can convert to Indian rupees and keep it in his Resident account.



Even, most of the Adsense users were asked to submit these details as the transactions were mostly happening from Google Citibank, CA account in USD, and the most appropriate purpose code is P1007 - Advertising, trade fair service. You can find the complete list of purpose codes in the below table.

For inward remittance due to sale of Employee Stock Purchase Program (ESPP) and Restricted Stock Units (RSU), the most matching purpose code is P0021 - Receipts on account of sale of share under Employee stock option.

Updated list of Purpose codes for Inward Remittance

Purpose Code Description (PURCHASE TRANSACTIONS)Status
P0017Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., land acquired by government, use of natural resources) – Government Modified
P0019Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., use of natural resources) – Non-Government New
P0028Capital transfer receipts (Guarantee payments, Investment Grant given by the government/international organisation, exceptionally large Non-life insurance claims including claims arising out of natural calamity) - Government New
P0029Capital transfer receipts ( Guarantee payments, Investment Grant given by the Non-government, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Non-Government New
P0099Other capital receipts not included elsewhere New
P0003Repatriation of Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in equity shares Already Existing
P0004Repatriation Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in debt instruments Already Existing
P0005Repatriation of Indian investment abroad in real estate Already Existing
P0006Foreign Direct Investment made by overseas Investors in India in equity shares Already Existing
P0007Foreign Direct Investment made by overseas Investors in India in debt instruments. Already Existing
P0008Foreign Direct Investment made by overseas Investors in India in real estate Already Existing
P0001Repatriation of Indian Portfolio investment abroad in equity capital (shares) Already Existing
P0002Repatriation of Indian Portfolio investment abroad in debt instruments. Already Existing
P0009Foreign Portfolio Investment made by overseas Investors in India in equity shares Already Existing
P0010Foreign Portfolio Investment made by overseas Investors in India in debt Instruments. Already Existing
P0011Repayment of loans extended to Non-Residents Already Existing
P0012Long & medium term loans, with original maturity of above one year, from Non-Residents to India (External Commercial Borrowings) Already Existing
P0013Short term loans with original maturity upto one year from Non-Residents to India (Short-term Trade Credit) Already Existing
P0014Receipts o/a Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) {ADs should report these even if funds are not “swapped” into Rupees} Already Existing
P0015Loans & overdrafts taken by ADs on their own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported) Already Existing
P0016Purchase of a foreign currency against another currency. Already Existing
P0020Receipts on account of margin payments, premium payment and settlement amount etc. under Financial derivative transactions New
P0021Receipts on account of sale of share under Employee stock option New
P0022Receipts on account of other investment in ADRs/GDRs New
P0024External Assistance received by India e.g. Multilateral and bilateral loans received by Govt. of India under agreements with other govt. / international institutions. New
P0025Repayments received on account of External Assistance extended by India New
P0101Value of export bills negotiated / purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) – Other than Nepal and Bhutan Modified
P0102Realisation of export bills (in respect of goods) sent on collection (full invoice value) – Other than Nepal and Bhutan Modified
P0103Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF – other than Nepal and Bhutan Modified
P0104Receipts against export of goods not covered by the GR /PP /SOFTEX /EC copy of shipping bill etc. (under Intermediary/transit trade, i.e., third country export passing through India Modified
P0105Export bills (in respect of goods) sent on collection – other than Nepal and Bhutan Modified
P0107Realisation of NPD export bills (full value of bill to be reported) – other than Nepal and Bhutan Modified
P0108Goods sold under merchanting / Receipt against export leg of merchanting trade* New
P0109Export realisation on account of exports to Nepal and Bhutan, if any New
P0201Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad Already Existing
P0202Receipts on account of operating expenses of Foreign shipping companies operating in India Already Existing
P0205Receipts on account of operational leasing (with crew) – Shipping companies Already Existing
P0207Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad. Already Existing
P0208Receipt on account of operating expenses of Foreign Airlines companies operating in India Already Existing
P0211Receipt on account of operational leasing (with crew) – Airlines companies Already Existing
P0214Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc).(Shipping Companies) New
P0215Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc).( Airlines companies) New
P0216Receipts of freight fare -Shipping companies operating abroad New
P0217Receipts of passenger fare by Indian Shipping companies operating abroad New
P0218Other receipts by Shipping companies New
P0219Receipts of freight fare by Indian Airlines companies operating abroad New
P0220Receipts of passenger fare –Airlines New
P0221Other receipts by Airlines companies New
P0222Receipts on account of freights under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others) New
P0223Receipts on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others) New
P0224Postal & Courier services by Air New
P0225Postal & Courier services by Sea New
P0226Postal & Courier services by others New
P0301Purchases towards travel (Includes purchases of foreign TCs, currency notes etc over the counter, by hotels, Emporiums, institutions etc. as well as amount received by TT/SWIFT transfers or debit to Non-Resident account). Already Existing
P0302Business travel New
P0304Travel for medical treatment including TCs purchased by hospitals New
P0305Travel for education including TCs purchased by educational institutions New
P0306Other travel receipts New
P0308Foreign Currencies/TCs surrendered by returning Indian tourists. Already Existing
P0501Receipts on account of services relating to cost of construction of projects in India Already Existing
P0502Receipts on account of construction works carried out abroad by Indian Companies New
P0601Life Insurance premium except term insurance Already Existing
P0602Freight insurance – relating to import & export of goods Already Existing
P0603Other general insurance premium including reinsurance premium; and term life insurance premium Already Existing
P0605Auxiliary services including commission on insurance Already Existing
P0607Insurance claim Settlement of non-life insurance; and life insurance (only term insurance) New
P0608Life insurance claim settlements (excluding term insurance) received by residents in India New
P0609Standardised guarantee services New
P0610Premium for pension funds New
P0611Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund Companies. New
P0612Invoking of standardised guarantees New
P0701Financial intermediation except investment banking - Bank charges, collection charges, LC charges, etc. Already Existing
P0702Investment banking - brokerage, under writing commission etc. Already Existing
P0703Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc. Already Existing
P0801Hardware consultancy/implementation Already Existing
P0802Software consultancy/implementation (other than those covered in SOFTEX form) Already Existing
P0803Data base, data processing charges Already Existing
P0804Repair and maintenance of computer and software Already Existing
P0805News agency services Already Existing
P0806Other information services- Subscription to newspapers, periodicals, etc. Already Existing
P0807Off-site Software Exports Already Existing
P0808Telecommunication services including electronic mail services and voice mail services New
P0809Satellite services including space shuttle and rockets, etc. New
P0901Franchises services Already Existing
P0902Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises etc. Already Existing
P1002Trade related services - commission on exports / imports Already Existing
P1003Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies Modified
P1004Legal services Already Existing
P1005Accounting, auditing, book keeping services Already Existing
P1006Business and management consultancy and public relations services Already Existing
P1007Advertising, trade fair service Already Existing
P1008Research & Development services Already Existing
P1009Architectural services Already Existing
P1010Agricultural services like protection against insects & disease, increasing of harvest yields, forestry services. Modified
P1011Inward remittance for maintenance of offices in India Already Existing
P1013Environmental Services New
P1014Engineering Services New
P1015Tax consulting services New
P1016Market research and public opinion polling service New
P1017Publishing and printing services New
P1018Mining services like on-site processing services analysis of ores etc. New
P1019Commission agent services Modified
P1020Wholesale and retailing trade services. New
P1021Operational leasing services (other than financial leasing) without operating crew, including charter hire- Shipping companies New
P1022Other Technical Services including scientific/space services. New
P1099Other services not included elsewhere New
P1101Audio-visual and related services like Motion picture and video tape production, distribution and projection services. Already Existing
P1103Radio and television production, distribution and transmission services New
P1104Entertainment services New
P1105Museums, library and archival services New
P1106Recreation and sporting activity services New
P1107Educational services (e.g. fees received for correspondence courses offered to non-resident by Indian institutions) New
P1108Health Service (Receipts on account of services provided by Indian hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site) New
P1109Other Personal, Cultural & Recreational services New
P1201Maintenance of foreign embassies in India Already Existing
P1203Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF etc. in India. Already Existing
P1301Inward remittance from Indian non-residents towards family maintenance and savings Already Existing
P1302Personal gifts and donations Already Existing
P1303Donations to religious and charitable institutions in India Already Existing
P1304Grants and donations to governments and charitable institutions established by the governments Already Existing
P1306Receipts / Refund of taxes Already Existing
P1307Receipts on account of migrant transfers including Personal Effects New
P1401Compensation of employees Already Existing
P1403Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans) Already Existing
P1405Inward remittance towards interest receipts of ADs on their own account (on investments.) Already Existing
P1408Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad. New
P1409Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad New
P1410Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India. New
P1411Inward remittance of interest income on account of Portfolio Investment made abroad by India New
P1412Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares New
P1499Other income receipts New
P1501Refunds / rebates on account of imports Already Existing
P1502Reversal of wrong entries, refunds of amount remitted for non-imports Already Existing
P1503Remittances (receipts) by residents under international bidding process. Already Existing
P1505Deemed Exports ( exports between SEZ, EPZs and Domestic Tariff Areas) New
P1601Receipts on account of maintenance and repair services rendered for Vessels, Ships, Boats, Warships, etc. New
P1602Receipts of maintenance and repair services rendered for aircrafts, Space shuttles, Rockets, military aircrafts, etc. New
P1701Receipts on account of processing of goods New
P0091Purchase from RBIAlready Existing
P0092Purchase from Other AD'sAlready Existing
P0093Purchase from Overseas BankAlready Existing
P0095Aggregate PurchasesAlready Existing
P0100Pur from Public against exports TotalAlready Existing
P0144Purchases from Public against third country exports (Currency wisw Totals)Already Existing
P1590Receipts below $ 10000 say (Rs. 500000) (Currency Wise Totals)Already Existing
P1591Non Exports equivalent & above US$ 10,000 (say Rs. 5,00,000)Already Existing
P2088Opening Balance (Debit Balance in Mirror/Debit Balance in Vostro)Already Existing
P2199Closing Balance (Debit Balance in Mirror/Debit Balance in Vostro)Already Existing
P000DUMMY PUR PURPOSE CODERemoved
P0018other capital receipts (not included else where),commodity hedging, swapRemoved
P0094debit from the vostro a/c of overseas bank or correspondents (Country-wise Totals)Removed
P0106conversion of overdue export bills from NPD to collection modeRemoved
P0213receipts towards other transportation services (stevedoring demurrage port handling charges etcRemoved
P0401receipts on account of settlement of claims for postal servicesRemoved
P0402receipts on account of settlement of claims for courier servicesRemoved
P0403receipts on account of settlement of claims for telecommunication servicesRemoved
P0404Purchases on account of settlement of satellite servicesRemoved
P0604receipts on account of reinsurance premiumRemoved
P0606receipts on account of settlement of claimsRemoved
P1001merchanting services - net receipt (from sale & purchase of goods without crossing the border)Removed
P1102receipts towards personal cultural services such as those related to museums libraries archives and sporting activities also includes fees educationRemoved
P1404inwards remittance of interest on debt securities debentures/bonds/FRNs etcRemoved
P1406remittance towards repatriation of profits to indiaRemoved
P1407remittance towards receipt of dividends by IndiansRemoved

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