Payouts to India

Bank Reference Number will be visible in Beneficiary's bank statement. The statement narrative in this corridor also depends on other factors so it might not be the same for all transactions. Remitter Name will be visible in Beneficiary's bank statement for NEFT payment mode.

Bank

Live Interbank based rates available 24x7, including off-market hours

All banks in India

IFSC

Upon request, Proof of Payment for a transaction can be made available.

Trade transactions have a max amount limit of INR 1.5 Mn. List of trade purpose codes - IR01801; IR01802; IR01803; IR01804; IR01805; IR01806; IR01807; IR01808; IR01809; IR01810; IR018011; IR014; IR020

Trade transactions with purpose codes IR014, IR01806, IR0808 & IR0810 are supported to all banks other than IDFC bank i.e IFSC code starting with IDFB.

It is good to have Invoice Date and Invoice Number for Trade Transactions.

Purpose code of IR001 and IR002 is supported only for P2P transactions

LOCAL · Business to business · CORPORATE

Bank Reference Number will be visible in Beneficiary's bank statement. The statement narrative in this corridor also depends on other factors so it might not be the same for all transactions. Remitter Name will be visible in Beneficiary's bank statement for NEFT payment mode.

Bank

Live Interbank based rates available 24x7, including off-market hours

All banks in India

IFSC

Upon request, Proof of Payment for a transaction can be made available.

Trade transactions have a max amount limit of INR 1.5 Mn. List of trade purpose codes - IR01801; IR01802; IR01803; IR01804; IR01805; IR01806; IR01807; IR01808; IR01809; IR01810; IR018011; IR014; IR020

Trade transactions with purpose codes IR014, IR01806, IR0808 & IR0810 are supported to all banks other than IDFC bank i.e IFSC code starting with IDFB.

It is good to have Invoice Date and Invoice Number for Trade Transactions.

Purpose code of IR001 and IR002 is supported only for P2P transactions

LOCAL · Business to person · INDIVIDUAL

Bank Reference Number will be visible in Beneficiary's bank statement. The statement narrative in this corridor also depends on other factors so it might not be the same for all transactions. Remitter Name will be visible in Beneficiary's bank statement for NEFT payment mode.

Bank

Live Interbank based rates available 24x7, including off-market hours

All banks in India

IFSC

Upon request, Proof of Payment for a transaction can be made available.

Trade transactions have a max amount limit of INR 1.5 Mn. List of trade purpose codes - IR01801; IR01802; IR01803; IR01804; IR01805; IR01806; IR01807; IR01808; IR01809; IR01810; IR018011; IR014; IR020

Trade transactions with purpose codes IR014, IR01806, IR0808 & IR0810 are supported to all banks other than IDFC bank i.e IFSC code starting with IDFB.

It is good to have Invoice Date and Invoice Number for Trade Transactions.

Purpose code of IR001 and IR002 is supported only for P2P transactions

LOCAL · Person to person · INDIVIDUAL

Bank Reference Number will be visible in Beneficiary's bank statement. The statement narrative in this corridor also depends on other factors so it might not be the same for all transactions. Remitter Name will be visible in Beneficiary's bank statement for NEFT payment mode.

Bank

Live Interbank based rates available 24x7, including off-market hours

All banks in India

IFSC

Upon request, Proof of Payment for a transaction can be made available.

Trade transactions have a max amount limit of INR 1.5 Mn. List of trade purpose codes - IR01801; IR01802; IR01803; IR01804; IR01805; IR01806; IR01807; IR01808; IR01809; IR01810; IR018011; IR014; IR020

Trade transactions with purpose codes IR014, IR01806, IR0808 & IR0810 are supported to all banks other than IDFC bank i.e IFSC code starting with IDFB.

It is good to have Invoice Date and Invoice Number for Trade Transactions.

Purpose code of IR001 and IR002 is supported only for P2P transactions

LOCAL · Person to business · CORPORATE

Remitter Name will be visible in Beneficiary's bank statement. The statement narrative in this corridor also depends on other factors so it might not be the same for all transactions.

Bank

Live Interbank based rates available 24x7, including off-market hours

All major banks in India. List available.

Upon request, Proof of Payment for a transaction can be made available.

1. Proxy Value is validated before initiation of a payment

2. Value for proxy type should be VPA

3. Trade purpose codes are not supported. List of trade purpose codes - IR01801; IR01802; IR01803; IR01804; IR01805; IR01806; IR01807; IR01808; IR01809; IR01810; IR018011; IR014; IR020

4. Payments made to a proxy categorised as a business might see reduced success rates due to validations in place by the beneficiary bank

PROXY · Business to person · INDIVIDUAL

Remitter Name will be visible in Beneficiary's bank statement. The statement narrative in this corridor also depends on other factors so it might not be the same for all transactions.

Bank

Live Interbank based rates available 24x7, including off-market hours

All major banks in India. List available.

Upon request, Proof of Payment for a transaction can be made available.

1. Proxy Value is validated before initiation of a payment

2. Value for proxy type should be VPA

3. Trade purpose codes are not supported. List of trade purpose codes - IR01801; IR01802; IR01803; IR01804; IR01805; IR01806; IR01807; IR01808; IR01809; IR01810; IR018011; IR014; IR020

4. Payments made to a proxy categorised as a business might see reduced success rates due to validations in place by the beneficiary bank

PROXY · Person to person · INDIVIDUAL

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All major banks enabled with SWIFT

IFSC Code

pacs.008 can be considered as a proof of payment and can be provided on request

For WIRES, NIUM supports transactions with SHA Fee Type

LOCAL · Business to business · CORPORATE

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All major banks enabled with SWIFT

IFSC Code

pacs.008 can be considered as a proof of payment and can be provided on request

For WIRES, NIUM supports transactions with SHA Fee Type

LOCAL · Business to person · INDIVIDUAL

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All major banks enabled with SWIFT

IFSC Code

pacs.008 can be considered as a proof of payment and can be provided on request

For WIRES, NIUM supports transactions with SHA Fee Type

LOCAL · Person to person · INDIVIDUAL

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All major banks enabled with SWIFT

IFSC Code

pacs.008 can be considered as a proof of payment and can be provided on request

For WIRES, NIUM supports transactions with SHA Fee Type

LOCAL · Person to business · CORPORATE

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Business to business · CORPORATE

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Business to person · INDIVIDUAL

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Person to person · INDIVIDUAL

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Bank

Live Interbank based rates available 24x7, including off-market hours

All SWIFT enabled banks in the country

SWIFT

pacs.008 can be considered as a proof of payment and can be provided on request

WIRES can be sent to all countries except for OFAC listed.

pacs.008 can be provided on request.

NIUM does not support OUR charge type for CAD currency WIRES

Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

SWIFT · Person to business · CORPORATE

VISA

Live Interbank based rates from NIUM are available 24x7, including off-market hours

For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available.

Origination of funds is allowed only from a set of countries as mentioned in the table below.

In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer.

In few countries, only few banks may allow the transactions.

Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card.

Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.

CARD · Business to business · CORPORATE

VISA

Live Interbank based rates from NIUM are available 24x7, including off-market hours

For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available.

Origination of funds is allowed only from a set of countries as mentioned in the table below.

In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer.

In few countries, only few banks may allow the transactions.

Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card.

Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.

CARD · Business to person · INDIVIDUAL

VISA

Live Interbank based rates from NIUM are available 24x7, including off-market hours

For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available.

Origination of funds is allowed only from a set of countries as mentioned in the table below.

In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer.

In few countries, only few banks may allow the transactions.

Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card.

Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.

CARD · Person to person · INDIVIDUAL

VISA

Live Interbank based rates from NIUM are available 24x7, including off-market hours

For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available.

Origination of funds is allowed only from a set of countries as mentioned in the table below.

In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer.

In few countries, only few banks may allow the transactions.

Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card.

Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.

CARD · Person to business · CORPORATE