What does a sample FIRS look like?


A FIRS would capture:

  1. Beneficiary Details i.e. beneficiary in India 

  2. Buyer Details to identify the overseas buyer 

  3. Payment Details i.e. amount realized in foreign currency, equivalent Indian Rupees & the UTR against which amount is credited 

  4. Purpose Code to identify the nature of a cross-border transaction. Click here to know more about supported merchant codes.

The above would help in identifying the source & destination of funds along with the reason for which payments were made.

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