If you’ve been asked for an IBAN number when sending or receiving money internationally from India, you might be confused. India does not use IBAN domestically, but banks like HDFC, SBI, ICICI, Axis, Federal Bank, Canara Bank, Bank of Baroda, and Indian Bank still provide internationally accepted formats for
Having been an account user, you may have observed the insertion of an extra forex markups fee on the statements when utilizing your debit or credit card card and in a foreign country and when incurring an international payment. But what is forex markup fee and why do we get
When you incur the cost of sending or receiving an international money transfer on the SWIFT network, you simply think that there is only a single cost that is simple. However, the reality of SWIFT transfer charges can be more complex, involving multiple layers of costs that can sometimes reduce
The most likely concern that pops up when one is in the process of sending or receiving money overseas is how long it takes before the funds can be received. For SWIFT transfers (Society for Worldwide Interbank Financial Telecommunication), which are the backbone of most international bank-to-bank transfers, the answer
In international trade, compliance with RBI (Reserve Bank of India) regulations is essential. Two important systems that regulate import and export payments are EDPMS (Export Data Processing and Monitoring System) and IDPMS (Import Data Processing and Monitoring System). Both systems are digital platforms that help the RBI, banks, and businesses
Getting an AD Code from your bank is a must if you intend to export goods from India. The AD Code guarantees that your export transactions are processed through authorized banking channels and is necessary for customs clearance. This guide will help you obtain your bank's AD Code
Travelling frequently overseas, using foreign websites to make shopping purchases or paying using a foreign currency are some of the very common situations you may have encountered requirements of zero forex markup credit cards being a leading solution which can save on forex markup charges. However, is a zero forex
When you look around a modern Indian home, office, or factory, it's likely you will find products or components that originated from China. From the smartphones we use to the machinery that powers our industries, Chinese imports have become a deeply integrated part of India's economy.
Banking & Payments
Planning to send or receive money from abroad? You must know your bank's SWIFT code. This unique identifier—also called a SWIFT BIC for Bank Identifier Code—makes certain that your funds go to the right place overseas. At Eximpe, we know that getting your international transaction to
Banking & Payments
In the modern globalized economy, international banking is the linchpin of cross-border trade and investment. At the core of this process is a key element: the SWIFT code. For businesses such as EximPe, which facilitate export-import payments and enable businesses to grow globally, knowing how SWIFT codes-and their close relative,
Exim
The face of the Indian global trade space is changing at a rapid pace, with the market leaders in the import and export scenario in India leading innovation, efficiency and growth in sectors. It does not matter if you are a new entrepreneur or an established business; knowing who are
Banking & Payments
Once you wire money in India, there is a special reference number known as UTR number (Unique Transaction references number) that is assigned to each money transfer. This figure helps in monitoring, confirming and settling matters with regard to payments. However the UTR number differs by a small margin based