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Purpose Code for FDI / FC-GPR Reporting after receipt of Foreign Remittance

India is a robust economy attracting foreign investment from the world over. Generally, the FDI is allowed under the automatic route of investment based on the proposed activity of the company in India. When the remittance for such foreign direct investment is remitted to India, then the purpose code of the remittance is required to be communicated to the receiving bank by way of an email confirmation and through the FDI Declaration. The purpose code of remittance is also required at the time of filing FC-GPR to RBI, Here is the List of purpose code in the tabular presentation.
India is a robust economy attracting foreign investment from the world over. Generally, the FDI is allowed under the automatic route of investment based on the proposed activity of the company in India.

When the remittance for such foreign direct investment is remitted to India, then the purpose code of the remittance is required to be communicated to the receiving bank by way of an email confirmation and through the FDI Declaration. The purpose code of remittance is also required at the time of filing FC-GPR to RBI, Here is the List of purpose code in the tabular presentation.
Purpose Code Description P1301 Inward remittance from Indian non-residents towards family maintenance and savings P1401 Compensation of employees P0094 debit from the Vostro a/c of overseas bank or correspondents (Country-wise Totals) P1020 Wholesale and retailing trade services. (INVOICE) P1011 Inward remittance for maintenance of offices in India P1302 Personal gifts and donations P1108 Health Service (Receipts on account of services provided by Indian hospitals, doctors, nurses, paramedical and similar services, etc. rendered remotely or on-site) P1107 Educational services (e.g. fees received for correspondence courses offered to a non-resident by Indian institutions) P0006 Foreign Direct Investment made by overseas Investors in India in equity shares P0008 Foreign Direct Investment made by overseas Investors in India in real estate P0103 Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF – other than Nepal and Bhutan P1019 Commission agent services P1006 Business and management consultancy and public relations services P0306 Other travel receipts P0214 Receipts on account of other transportation services (stevedoring, P0301 Purchases towards travel (Includes purchases of foreign TCs, currency notes, etc over the counter, by hotels, Emporiums, institutions, etc. as well as the amount received by TT/SWIFT transfers or debit to Non-Resident account). P0222 Receipts on account of freights under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports, and Others) P0001 Repatriation of Indian Portfolio investment abroad in equity capital (shares) P0002 Repatriation of Indian Portfolio investment abroad in debt instruments. P0003 Repatriation of Indian Direct investment abroad (by branches & wholly-owned subsidiaries and associates) in equity shares P0004 Repatriation Indian Direct investment abroad (by branches & wholly-owned subsidiaries and associates) in debt instruments P0005 Repatriation of Indian investment abroad in real estate P0007 Foreign Direct Investment made by overseas Investors in India in debt instruments. P0009 Foreign Portfolio Investment made by overseas Investors in India in equity shares P0010 Foreign Portfolio Investment made by overseas Investors in India in debt Instruments. P0011 Repayment of loans extended to Non-Residents P0012 Long & medium-term loans, with an original maturity of above one year, from Non-Residents to India (External Commercial Borrowings) P0013 Short term loans with original maturity up to one year from Non-Residents to India (Short-term Trade Credit) P0014 Receipts o/a Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) {ADs should report these even if funds are not “swapped” into Rupees} P0015 Loans & 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) P0016 Purchase of a foreign currency against another currency. P0017 Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks, etc., land acquired by the government, use of natural resources) – Government P0019 Receipts 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 P0020 Receipts on account of margin payments, premium payment and settlement amount, etc. under Financial derivative transactions P0021 Receipts on account of sale of share under Employee stock option P0022 Receipts on account of other investment in ADRs/GDRs P0024 External Assistance received by India e.g. Multilateral and bilateral loans received by Govt. of India under agreements with other govt. / international institutions. P0025 Repayments received on account of External Assistance extended by India P0028 Capital transfer receipts (Guarantee payments, Investment Grant is given by the government/international organization, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Government P0029 Capital transfer receipts ( Guarantee payments, Investment Grant is given by the Non-government, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Non-Government P0091 Purchase from Reserve Bank of India (Currency-wise Totals) P0092 Purchase from other ADs in India (Currency-wise Totals) P0093 Purchase from Overseas banks & correspondents (Currency-wise Totals) P0095 Aggregate Purchases at Branches (Currency-wise Totals) P0099 Other capital receipts not included elsewhere P0100 Exports (Totals) {N/P/D + Collection bills Realised during Fortnight + Advance received during Fortnight} (Purchases from Public against exports (Currency-wise Totals)} P0101 Value of export bills negotiated/purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) – Other than Nepal and Bhutan P0102 Realisation of export bills (in respect of goods) sent on collection (full invoice value) – Other than Nepal and Bhutan P0104 Receipts against the 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 P0105 Export bills (in respect of goods) sent on collection – other than Nepal and Bhutan P0107 Realisation of NPD export bills (full value of the bill to be reported) – other than Nepal and Bhutan P0109 Export realization on account of exports to Nepal and Bhutan, if any P0144 Purchases from Public against third country exports (Currency-wise Totals) P0201 Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad P0202 Receipts on account of operating expenses of Foreign shipping companies operating in India P0205 Receipts on account of operational leasing (with crew) – Shipping companies P0207 Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad. P0208 Receipt on account of operating expenses of Foreign Airlines companies operating in India P0211 Receipt on account of operational leasing (with crew) – Airlines companies P0215 Receipts on account of other transportation services (stevedoring, demurrage, port handling charges, etc).( Airlines companies) P0216 Receipts of freight fare -Shipping companies operating abroad P0217 Receipts of passenger fare by Indian Shipping companies operating abroad P0218 Other receipts by Shipping companies P0219 Receipts of freight fare by Indian Airlines companies operating abroad P0220 Receipts of passenger fare –Airlines P0221 Other receipts by Airlines companies P0223 Receipts on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports, and Others) P0224 Postal & Courier services by Air P0225 Postal & Courier services by Sea P0226 Postal & Courier services by others P0302 Business travel P0304 Travel for medical treatment including TCs purchased by hospitals P0305 Travel for education including TCs purchased by educational institutions P0306 Other travel receipts P0308 Foreign Currencies/TCs surrendered by returning Indian tourists. P0501 Receipts on account of services relating to the cost of construction of projects in India P0502 Receipts on account of construction work carried out abroad by Indian Companies P0601 Life Insurance premium except for term insurance P0602 Freight insurance – relating to import & export of goods P0603 Another general insurance premium including reinsurance premium; and term life insurance premium P0605 Auxiliary services including commission on insurance P0607 Insurance claim Settlement of non-life insurance; and life insurance (only term insurance) P0608 Life insurance claim settlements (excluding term insurance) received by residents in India P0609 Standardised guarantee services P0610 The premium for pension funds P0611 Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund Companies. P0612 Invoking of standardised guarantees P0701 Financial intermediation except investment banking – Bank charges, collection charges, LC charges, etc. P0702 Investment banking – brokerage, underwriting commission, etc. P0703 Auxiliary services – charges on operation & regulatory fees, custodial services, depository services, etc. P0801 Hardware consultancy/implementation P0802 Software consultancy/implementation (other than those covered in SOFTEX form) P0803 Database, data processing charges P0804 Repair and maintenance of computer and software P0805 News agency services P0806 Other information services- Subscription to newspapers, periodicals, etc. P0807 Off-site Software Exports P0808 Telecommunication services including electronic mail services and voice mail services P0809 Satellite services including space shuttle and rockets, etc. P0901 Franchises services P0902 Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises, etc. P1002 Trade-related services – commission on exports/imports P1003 Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies P1004 Legal services P1005 Accounting, auditing, bookkeeping services P1007 Advertising, trade fair service P1008 Research & Development services P1009 Architectural services P1010 Agricultural services like protection against insects & disease, increasing harvest yields, forestry services. P1013 Environmental Services P1014 Engineering Services P1015 Tax consulting services P1016 Market research and public opinion polling service P1017 Publishing and printing services P1018 Mining services like on-site processing services analysis of ores etc. P1021 Operational leasing services (other than financial leasing) without operating crew, including charter hire- Shipping companies P1022 Other Technical Services including scientific/space services. P1101 Audio-visual and related services like Motion picture and videotape production, distribution and projection services. P1103 Radio and television production, distribution and transmission services P1104 Entertainment services P1105 Museums, library, and archival services P1106 Recreation and sporting activity services P1109 Other Personal, Cultural & Recreational services P1201 Maintenance of foreign embassies in India P1203 Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF, etc. in India. P1303 Donations to religious and charitable institutions in India P1304 Grants and donations to governments and charitable institutions established by the governments P1306 Receipts / Refund of taxes P1307 Receipts on account of migrant transfers including Personal Effects P1403 Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans) P1405 Inward remittance towards interest receipts of ADs on their own account (on investments.) P1408 Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad. P1409 Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad P1410 Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India. P1411 Inward remittance of interest income on account of Portfolio Investment made abroad by India P1412 Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares P1501 Refunds/rebates on account of imports P1502 Reversal of wrong entries, refunds of the amount remitted for non-imports P1503 Remittances (receipts) by residents under the international bidding process. P1505 Deemed Exports ( exports between SEZ, EPZs and Domestic Tariff Areas) P1590 receipts below Rs. 5 lakhs (Currency-wise Totals) P1591 Non-Exports equivalent & above Rs.5 lakhs (Currency-wise Totals) P1601 Receipts on account of maintenance and repair services rendered for Vessels, Ships, Boats, Warships, etc. P1602 Receipts of maintenance and repair services rendered for aircraft, Space shuttles, Rockets, military aircraft, etc. P1701 Receipts on account of processing of goods P2088 Opening Balance (Debit Balance in Mirror/Debit Balance in Vostro) P2199 Closing Balance (Debit Balance in Mirror/Debit Balance in Vostro)
Mentioning of correct purpose code is important and if you need any assistance, request you to kindly send us an email at help@setindiabiz.com.
India is a robust economy attracting foreign investment from world over. Generally, the FDI is allowed under the automatic route of investment based on the proposed activity of the company in India. When the remittance for such foreign direct investment is remitted to India, then the purpose code of the remittance is required to be communicated to the receiving bank by way of an email confirmation and through the FDI Declaration. The purpose code of remittance is also required at the time of filing FC-GPR to RBI, Here is the List of purpose code in the tabular presentation.
Purpose Code Description
P1301
Inward remittance from Indian non-residents towards family maintenance and savings
P1401
Compensation of employees
P0094
Debit from the Vostro a/c of overseas bank or correspondents (Country-wise Totals)
P1020
Wholesale and retailing trade services. (INVOICE)
P1011
Inward remittance for maintenance of offices in India
P1302
Personal gifts and donations
P1108
Health Service (Receipts on account of services provided by Indian hospitals, doctors, nurses, paramedical and similar services, etc. rendered remotely or on-site)
P1107
Educational services (e.g. fees received for correspondence courses offered to a non-resident by Indian institutions)
P0006
Foreign Direct Investment made by overseas Investors in India in equity shares
P0008
Foreign Direct Investment made by overseas Investors in India in real estate
P0103
Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF – other than Nepal and Bhutan
P1019
Commission agent services
P1006
Business and management consultancy and public relations services
P0306
Other travel receipts
P0214
Receipts on account of other transportation services (stevedoring,
P0301
Purchases towards travel (Includes purchases of foreign TCs, currency notes, etc over the counter, by hotels, Emporiums, institutions, etc. as well as the amount received by TT/SWIFT transfers or debit to Non-Resident account).
P0222
Receipts on account of freights under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports, and Others)
P0001
Repatriation of Indian Portfolio investment abroad in equity capital (shares)
P0002
Repatriation of Indian Portfolio investment abroad in debt instruments.
P0003
Repatriation of Indian Direct investment abroad (by branches & wholly-owned subsidiaries and associates) in equity shares
P0004
Repatriation Indian Direct investment abroad (by branches & wholly-owned subsidiaries and associates) in debt instruments
P0005
Repatriation of Indian investment abroad in real estate
P0007
Foreign Direct Investment made by overseas Investors in India in debt instruments.
P0009
Foreign Portfolio Investment made by overseas Investors in India in equity shares
P0010
Foreign Portfolio Investment made by overseas Investors in India in debt Instruments.
P0011
Repayment of loans extended to Non-Residents
P0012
Long & medium-term loans, with an original maturity of above one year, from Non-Residents to India (External Commercial Borrowings)
P0013
Short term loans with original maturity up to one year from Non-Residents to India (Short-term Trade Credit)
P0014
Receipts o/a Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) {ADs should report these even if funds are not “swapped” into Rupees}
P0015
Loans & 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)
P0016
Purchase of a foreign currency against another currency.
P0017
Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks, etc., land acquired by the government, use of natural resources) – Government
P0019
Receipts 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
P0020
Receipts on account of margin payments, premium payment and settlement amount, etc. under Financial derivative transactions
P0021
Receipts on account of sale of share under Employee stock option
P0022
Receipts on account of other investment in ADRs/GDRs
P0024
External Assistance received by India e.g. Multilateral and bilateral loans received by Govt. of India under agreements with other govt. / international institutions.
P0025
Repayments received on account of External Assistance extended by India
P0028
Capital transfer receipts (Guarantee payments, Investment Grant is given by the government/ international organization, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Government
P0029
Capital transfer receipts ( Guarantee payments, Investment Grant is given by the Non-government, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Non-Government
P0091
Purchase from Reserve Bank of India (Currency-wise Totals)
P0092
Purchase from other ADs in India (Currency-wise Totals)
P0093
Purchase from Overseas banks & correspondents (Currency-wise Totals)
P0095
Aggregate Purchases at Branches (Currency-wise Totals)
P0099
Other capital receipts not included elsewhere
P0100
Exports (Totals) {N/P/D + Collection bills Realised during Fortnight + Advance received during Fortnight} (Purchases from Public against exports (Currency-wise Totals)}
P0101
Value of export bills negotiated/purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) – Other than Nepal and Bhutan
P0102
Realisation of export bills (in respect of goods) sent on collection (full invoice value) – Other than Nepal and Bhutan
P0104
Receipts against the 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
P0105
Export bills (in respect of goods) sent on collection – other than Nepal and Bhutan
P0107
Realisation of NPD export bills (full value of the bill to be reported) – other than Nepal and Bhutan
P0109
Export realization on account of exports to Nepal and Bhutan, if any
P0144
Purchases from Public against third country exports (Currency-wise Totals)
P0201
Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad
P0202
Receipts on account of operating expenses of Foreign shipping companies operating in India
P0205
Receipts on account of operational leasing (with crew) – Shipping companies
P0207
Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad.
P0208
Receipt on account of operating expenses of Foreign Airlines companies operating in India
P0211
Receipt on account of operational leasing (with crew) – Airlines companies
P0215
Receipts on account of other transportation services (stevedoring, demurrage, port handling charges, etc).( Airlines companies)
P0216
Receipts of freight fare -Shipping companies operating abroad
P0217
Receipts of passenger fare by Indian Shipping companies operating abroad
P0218
Other receipts by Shipping companies
P0219
Receipts of freight fare by Indian Airlines companies operating abroad
P0220
Receipts of passenger fare –Airlines
P0221
Other receipts by Airlines companies
P0223
Receipts on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports, and Others)
P0224
Postal & Courier services by Air
P0225
Postal & Courier services by Sea
P0226
Postal & Courier services by others
P0302
Business travel
P0304
Travel for medical treatment including TCs purchased by hospitals
P0305
Travel for education including TCs purchased by educational institutions
P0306
Other travel receipts
P0308
Foreign Currencies/TCs surrendered by returning Indian tourists.
P0501
Receipts on account of services relating to the cost of construction of projects in India
P0502
Receipts on account of construction work carried out abroad by Indian Companies
P0601
Life Insurance premium except for term insurance
P0602
Freight insurance – relating to import & export of goods
P0603
Another general insurance premium including reinsurance premium; and term life insurance premium
P0605
Auxiliary services including commission on insurance
P0607
Insurance claim Settlement of non-life insurance; and life insurance (only term insurance)
P0608
Life insurance claim settlements (excluding term insurance) received by residents in India
P0609
Standardised guarantee services
P0610
The premium for pension funds
P0611
Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund Companies.
P0612
Invoking of standardised guarantees
P0701
Financial intermediation except investment banking – Bank charges, collection charges, LC charges, etc.
P0702
Investment banking – brokerage, underwriting commission, etc.
P0703
Auxiliary services – charges on operation & regulatory fees, custodial services, depository services, etc.
P0801
Hardware consultancy/implementation
P0802
Software consultancy/implementation (other than those covered in SOFTEX form)
P0803
Database, data processing charges
P0804
Repair and maintenance of computer and software
P0805
News agency services
P0806
Other information services- Subscription to newspapers, periodicals, etc.
P0807
Off-site Software Exports
P0808
Telecommunication services including electronic mail services and voice mail services
P0809
Satellite services including space shuttle and rockets, etc.
P0901
Franchises services
P0902
Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises, etc.
P1002
Trade-related services – commission on exports/imports
P1003
Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies
P1004
Legal services
P1005
Accounting, auditing, bookkeeping services
P1007
Advertising, trade fair service
P1008
Research & Development services
P1009
Architectural services
P1010
Agricultural services like protection against insects & disease, increasing harvest yields, forestry services.
P1013
Environmental Services
P1014
Engineering Services
P1015
Tax consulting services
P1016
Market research and public opinion polling service
P1017
Publishing and printing services
P1018
Mining services like on-site processing services analysis of ores etc.
P1021
Operational leasing services (other than financial leasing) without operating crew, including charter hire- Shipping companies
P1022
Other Technical Services including scientific/space services.
P1101
Audio-visual and related services like Motion picture and videotape production, distribution and projection services.
P1103
Radio and television production, distribution and transmission services
P1104
Entertainment services
P1105
Museums, library, and archival services
P1106
Recreation and sporting activity services
P1109
Other Personal, Cultural & Recreational services
P1201
Maintenance of foreign embassies in India
P1203
Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF, etc. in India.
P1303
Donations to religious and charitable institutions in India
P1304
Grants and donations to governments and charitable institutions established by the governments
P1306
Receipts / Refund of taxes
P1307
Receipts on account of migrant transfers including Personal Effects
P1403
Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans)
P1405
Inward remittance towards interest receipts of ADs on their own account (on investments.)
P1408
Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad.
P1409
Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad
P1410
Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India.
P1411
Inward remittance of interest income on account of Portfolio Investment made abroad by India
P1412
Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares
P1501
Refunds/rebates on account of imports
P1502
Reversal of wrong entries, refunds of the amount remitted for non-imports
P1503
Remittances (receipts) by residents under the international bidding process.
P1505
Deemed Exports ( exports between SEZ, EPZs and Domestic Tariff Areas)
P1590
receipts below Rs. 5 lakhs (Currency-wise Totals)
P1591
Non-Exports equivalent & above Rs.5 lakhs (Currency-wise Totals)
P1601
Receipts on account of maintenance and repair services rendered for Vessels, Ships, Boats, Warships, etc.
P1602
Receipts of maintenance and repair services rendered for aircraft, Space shuttles, Rockets, military aircraft, etc.
P1701
Receipts on account of processing of goods
P2088
Opening Balance (Debit Balance in Mirror/Debit Balance in Vostro)
P2199
Closing Balance (Debit Balance in Mirror/Debit Balance in Vostro)
Mentioning of correct purpose code is important and if you need any assistance, request you to kindly send us an email at help@setindiabiz.com.

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