purpose code to recieve fund in India from overseas for personal use

temp20220705c
Contributor
Contributor

What purpose code should I use in PayPal to recieve fund from overseas for personal use?

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@temp20220705c 


NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS RECEIPT PURPOSES


P1301

Inward remittance from Indian nonresidents towards family maintenance and savings

 

P1302

Personal gifts and donations


https://www.rbi.org.in/upload/notification/pdfs/52220.pdf


NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS PAYMENT PURPOSES

 

S1301
Remittance by non-residents towards family maintenance and savings

S1302
Remittance towards personal gifts and donations

 

https://www.rbi.org.in/upload/notification/pdfs/52221.pdf


Kudos & Solved are greatly appreciated. 🙂
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