Indian Purpose of Payment codes - NAB
Indian POP Codes
India
- Capital account
- Export of goods
- Transportation
- Travel
- Communication service
- Construction service
- Insurance service
- Financial services
- Computer and information services
- Royalties and license fees
- Other business services
- Personal, cultural and recreational services
- Government, not included elsewhere
- Transfers
- Income
- Others
Capital account
| Purpose of Payment | Purpose Code |
|---|---|
| Repatriation of Indian investment abroad in equity capital (shares) | Purpose Code P0001 |
| Repatriation of Indian investment abroad in debt securities | Purpose Code P0002 |
| Repatriation of Indian investment abroad in branches | Purpose Code P0003 |
| Repatriation of Indian investment abroad in subsidiaries and associates | Purpose Code P0004 |
| Repatriation of Indian investment abroad in real estate | Purpose Code P0005 |
| Foreign direct investment in India in equity | Purpose Code P0006 |
| Foreign direct investment in India in debt securities | Purpose Code P0007 |
| Foreign direct investment in India in real estate | Purpose Code P0008 |
| Foreign portfolio investment in India in equity shares | Purpose Code P0009 |
| Foreign portfolio investment in India in debt securities including debt funds | Purpose Code P0010 |
| Repayment of loans extended to non-residents | Purpose Code P0011 |
| Loans from non-residents to India | Purpose Code P0012 |
| Receipts o/a non-resident deposits (FCNRB/NRERA, etc.) ADs should report these even if funds aren’t "swapped" into rupees | Purpose Code POOH |
| Loans and 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) | Purpose Code P0015 |
| Purchase of a foreign currency against another currency | Purpose Code P0016 |
| Sale of intangible assets like patents, copyrights, trademarks, etc, by Indian companies | Purpose Code P0017 |
| Other capital receipts not included elsewhere | Purpose Code P0018 |
Export of goods
| Purpose of Payment | Purpose Code |
|---|---|
| Value of export bills negotiated/purchased/discounted/etc (covered under GR/PP/SOFTEX/EC copy of shipping bills, etc) | Purpose Code P0101 |
| Realisation of export bills (in respect of goods) sent on collection (full invoice value) | Purpose Code P0102 |
| Advance receipts against export contracts (export of goods only) | Purpose Code P0103 |
| Receipts against export of goods not covered by the GR/PP/SOFTEX/EC copy of shipping bill etc | Purpose Code P0104 |
| Export bills (in respect of goods) sent on collection | Purpose Code P0105 |
| Conversion of overdue export bills from NPD to collection mode | Purpose Code P0106 |
| Realisation of NPD export bills (full value of bill to be reported) | Purpose Code P0107 |
Transportation
| Purpose of Payment | Purpose Code |
|---|---|
| Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad | Purpose Code P0201 |
| Purchases, on account of operating expenses of foreign shipping companies operating in India | Purpose Code P0202 |
| Purchases on account of operational leasing (with crew) – shipping companies | Purpose Code P0205 |
| Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad | Purpose Code P0207 |
| Receipt on account of operating expenses of Foreign Airlines companies operating in India | Purpose Code P0208 |
| Purchases on account of operational leasing (with crew) - airline companies | Purpose Code P0211 |
| Receipts on account of other transportation services (stevedoring, demurrage, port handling charges, etc) | Purpose Code P0213 |
Travel
| Purpose of Payment | Purpose Code |
|---|---|
| Purchases towards travel (includes purchases of foreign TCs, currency such as notes over the counter, by hotels, hospitals, emporiums, educational institutions, etc, as well as amount received by TT/SWIFT transfers or debit) | Purpose Code P0301 |
| FC surrendered by returning Indian tourists | Purpose Code P0308 |
Insurance service
| Purpose of Payment | Purpose Code |
|---|---|
| Receipts of life insurance premium | Purpose Code P0601 |
| Receipts of freight insurance – relating to import and export of goods | Purpose Code P0602 |
| Receipts on account of other general insurance premium | Purpose Code P0603 |
| Receipts of reinsurance premium | Purpose Code P0604 |
| Receipts on account of auxiliary services {commission on insurance) | Purpose Code P0605 |
| Receipts on account of settlement of claims | Purpose Code P0606 |
Financial services
| Purpose of Payment | Purpose Code |
|---|---|
| Financial intermediation except investment banking – bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing, etc | Purpose Code P0701 |
| Investment banking – brokerage, underwriting commission, etc | Purpose Code P0702 |
| Auxiliary services – charges on operation and regulatory fees, custodial services, depository services, etc | Purpose Code P0703 |
Computer and information services
| Purpose of Payment | Purpose Code |
|---|---|
| Hardware consultancy | Purpose Code P0801 |
| Software implementation/consultancy (other than those covered in SOFTEX form) | Purpose Code P0802 |
| Data base, data processing charges | Purpose Code P0803 |
| Repair and maintenance of computer and software | Purpose Code P0804 |
| Mews agency services | Purpose Code P0805 |
| Other information services – subscription to newspapers, periodicals, etc | Purpose Code P0806 |
Royalties and license fees
| Purpose of Payment | Purpose Code |
|---|---|
| Franchises services – patents, copy rights, trademarks, industrial processes, franchises, etc | Purpose Code P0901 |
| Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films) | Purpose Code P0902 |
Other business services
| Purpose of Payment | Purpose Code |
|---|---|
| Merchanting services – net receipts (from sale and purchase of goods without crossing the border) | Purpose Code P1001 |
| Trade related services – commission on exports/imports | Purpose Code P1002 |
| Operational leasing services (other than financial leasing and without operating crew) including charter hire | Purpose Code P1003 |
| Legal services | Purpose Code P1004 |
| Accounting, auditing, bookkeeping and tax consulting services | Purpose Code P1005 |
| Business and management consultancy and public relations services | Purpose Code P1006 |
| Advertising, trade fair, market research and public opinion polling services | Purpose Code P1007 |
| Research and development services | Purpose Code P1008 |
| Architectural, engineering, and other technical services | Purpose Code P1009 |
| Agricultural, mining and on-site processing services – protection against insects and disease, increasing of harvest yields, forestry services, mining services like analysis of ores, etc | Purpose Code P1010 |
| Inward remittance for maintenance of offices in India | Purpose Code P1011 |
| Distribution services | Purpose Code P1012 |
| Environmental services | Purpose Code P1013 |
| Other services not included elsewhere | Purpose Code P1019 |
Personal, cultural and recreational services
| Purpose of Payment | Purpose Code |
|---|---|
| Audio-visual and related services – services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers, and fees for distribution rights | Purpose Code P1101 |
| Personal, cultural services such as those related to museums, libraries, archives and sporting activities and fees for correspondence courses of Indian universities/institutes | Purpose Code P1102 |
Transfers
| Purpose of Payment | Purpose Code |
|---|---|
| Inward remittance from Indian non-residents towards family maintenance and savings | Purpose Code P1301 |
| Personal gifts and donations | Purpose Code P1302 |
| Donations to religious and charitable institutions in India | Purpose Code P1303 |
| Grants and donations to governments and charitable institutions established by the governments | Purpose Code P1304 |
| Receipts/refund of taxes | Purpose Code P1306 |
Income
| Purpose of Payment | Purpose Code |
|---|---|
| Compensation of employees | Purpose Code P1401 |
| Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans) | Purpose Code P1403 |
| Inward remittance of interest on debt securities – debentures/bonds/FRNs, etc | Purpose Code P1404 |
| Inward remittance towards interest receipts of ADs on their own account (on investments.) | Purpose Code P1405 |
| Repatriation of profits to India | Purpose Code P1406 |
| Receipt of dividends by Indians | Purpose Code P1407 |
Others
| Purpose of Payment | Purpose Code |
|---|---|
| Refunds/rebates on account of imports | Purpose Code P1501 |
| Reversal of wrong entries, refunds of amount remitted for non-imports | Purpose Code P1502 |
| Remittances (receipts) by residents under international bidding process | Purpose Code P1503 |
| Receipts below $10,000 (say Rs 5,00,000) | Purpose Code P1590 |
Important information
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