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Flag of India

Asia · INR · 5 routes

Payouts to India

Route catalog · IN

Choose a payout method

Supported currencies

INR

Cutoff & delivery timing

INSTANT

Realtime, 24x7 up to INR 500, 000 via IMPS (List of IMPS enabled banks available)

Real Time subject to cut-off 18:00 local time via RTGS (All Banks)

Same Day via NEFT (All banks)

Nium will automatically select the fastest payment mode (IMPS, RTGS and NEFT in order) given the cut-off times and restrictions of the available payment modes.

Scroll horizontally to compare supported modes

Transaction limit per end-user B2BB2PP2PP2B
MaxNo limitNo limitNo limitNo limit
MinINR 1INR 1INR 1INR 1

Route details

Select a supported mode

Beneficiary statement narrative

Bank Reference Number will be visible in Beneficiary's bank statement. The statement narrative in this corridor also depends on other factors so it might not be the same for all transactions. Remitter Name will be visible in Beneficiary's bank statement for NEFT payment mode.

Network participant

Bank

Channels

All banks in India

Routing code

IFSC

Proof of payment

Upon request, Proof of Payment for a transaction can be made available.

Notes

Trade transactions have a max amount limit of INR 1.5 Mn. List of trade purpose codes - IR01801; IR01802; IR01803; IR01804; IR01805; IR01806; IR01807; IR01808; IR01809; IR01810; IR018011; IR014; IR020

Trade transactions with purpose codes IR014, IR01806, IR0808 & IR0810 are supported to all banks other than IDFC bank i.e IFSC code starting with IDFB.

It is good to have Invoice Date and Invoice Number for Trade Transactions.

Purpose code of IR001 and IR002 is supported only for P2P transactions

Mandatory data requirements

Remitter

  • Remitter Name
  • Remitter Account Type
  • Remitter Address
  • Remitter Country Code
  • Remit Purpose Code

Beneficiary

  • Beneficiary Name
  • Beneficiary Account Type
  • Beneficiary Account Number
  • Beneficiary Country Code
  • Beneficiary Bank Name

Routing

  • Routing Code Type 1 - IFSC Code
  • Routing Code Value 1

Supporting documents

  • Remitter Beneficiary Relationship
  • Nature of Business
  • Duration of Contract
  • Commercial Agreement
  • Current Invoice

Beneficiary account type

CORPORATE

← All Asia markets