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Announcement Requirements for the purpose of Remittance Transaction to India

Announcement Requirements for the purpose of Remittance Transaction to India

To
Our Valued Customer
PT Bank Resona Perdania

ANNOUNCEMENT

egarding the broadcast message from Standard Chartered Bank Mumbai India (SCBLINBB), in accordance with the provisions of the Reserve Bank of India (RBI), there are requirements for the purpose of foreign exchange transaction to India.

To avoid rejection or cancellation of transaction by SCBLINBB and other Banks in India, please ensure the following:

1. Provide the transaction purpose in detail, accurately, and clearly.
2. For detail of transaction purpose, please avoid using acronyms or descriptions such as INV / Services / Number.
3. For the purpose of export proceeds or advance receipts against export contracts, please mention the details of goods/services being exported.
4. For the purpose of External Commercial Borrowing (ECB) or Overseas Direct Investment (ODI), please mention the Loan Registration Number (LRN) and Unique Identification Number (UIN).
5. For the purpose of Foreign Portfolio Investment (FPI) or Foreign Direct Investment (FDI), please ensure to mention that it is for Investment or Repatriation, and mention the nature of the instruments (equity, rights, bonus shares, etc.).

Disclaimer: Bank shall not be responsible for any rejection or cancellation by Beneficiary Bank caused by the above requirements not being met by the Customer. Any costs from rejected or cancellation transactions are the customer’s responsibility in accordance with the applicable terms and conditions.

Best Regards,
PT Bank Resona Perdania