According to the Foreign Exchange Dealers Association in India (FEDAI) and the Reserve Bank of India (RBI), a FIRC is a document that serves as evidence of foreign transfers to India. Financial institutions or similar authorities issue and accept this document as lawfully accepted proof that an individual or organisation has received payment in a foreign currency from overseas.
00:10 What is Foreign Inward Remittance Certificate
00: 21 Who Can Issue FIRC In India
00:34 Information Required To Get FIRC From Bank
00:58 Stay Fully Compliant With Timely FIRC From SALT
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Salt is a FinTech startup based out of Bangalore, India. Salt helps businesses in their international transactions and the legal documentation that comes with it.
Here: salt.pe
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