Overlay India

Special conditions for credit transfers in INR

Mandatory 5 digit alphanumeric code as purpose of payment

In e-finance and PostFinance App

Chose purpose from dropdown list

Via pain.001

<RgltryRptg>
<DbtCdtRptglnd>CRED</DbtCdtRptglnd>
<Dtls>
<Ctry>IN</Ctry>
<Cd>PXXXX</Cd>
</Dtls>
</RgltryRptg>

(Example: PXXXX = P0301)

Via MT101

Field77B: /BENEFRES/IN//PXXXX/

(Example: PXXXX = P0301)

Other

  • Indian banks do not accept payment reasons related to DONATIONS or FAMILY MAINTENANCE. Therefore, please do NOT use payment codes 1301 to 1305.
  • In case of doubt, please ask the recipient party for the required reason for payment (code).
  • In addition to the mandatory reason for payment (code), please provide a message in English describing the payment reason in more detail.
  • If no message is provided, the payment may be delayed or rejected.