Payoneer enables sellers and service providers in India who get paid globally to automatically receive their FIRA/FIRS/NOC directly to their Payoneer account, at no cost. No more manual request, high fees or long waiting periods. Weโve got you covered!
Benefits of Payoneer FIRA/FIRS/NOCs
- View all your available FIRA/FIRS/NOCs on one page and conduct a specific search
- Download FIRA/FIRS/NOCs in bulk with just one click
- Get notified when your FIRA/FIRS/NOC are available
- Free at no additional cost or hidden fees
How it works
Access FIRA/FIRS/NOCโs
Whether youโre a service provider or seller, Payoneer enables you to access your FIRA/FIRS/NOCs with just a few clicks and view it all in one place.
Step 1
Sign up to Payoneer
Step 2
Select Activity go to Reports & Statements
Step 3
View all of your available FIRA/FIRS/NOCs in one consolidated place
Step 4
Get paid from 190+ countries and territories
Footsteps to follow
See what other businesses have to say about partnering with Payoneer.
Ajay Kumar Dubedi
CEO and Founder, Cloud Analogy
โIn the past, we faced many obstacles with FIRA/FIRS/NOCs. Thanks to Payoneerโs revolutionary FIRA/FIRS/NOCs, we saved a lot of time and effort and avoided high costs. The best part is that it has helped us concentrate more on our core activities. Our monthly transactions have surged ever since we started using Payoneer. Hassle-free, affordable payment solutions, simplified transfers and incredible customer support are all the things that make Payoneer the trusted partner and the first choice of Cloud Analogy.โ
Mohit Agarwal
Founder โ The Art Box
โFIRA/FIRS/NOCs simplified the process of clearing BRCs and helped me save a lot of time as it used to be required to follow up with banks to request FIRA/FIRS/NOCs. With Payoneer, itโs quite easy to download FIRA/FIRS/NOCs from their portal. This used to be extremely tedious, but today, Payoneer makes this process hassle-free. Great work Payoneer!โ
Umesh Bhatia
Manager- Accounts and Finance, Webkul Software Pvt. Ltd.
โPayoneer believes in continuously delivering value to its customerโs business. A great example of a customer centric approach is their FIRA/FIRS/NOCs service. FIRA/FIRS/NOCs simplifies the statutory compliance procedure for us and simply makes our lives easier. In the past, we desperately looked for such a solution and Payoneer offered us what we were always looking for. Payoneer understood a critical pain point for customers like us and simplified our daily business with a seamless solution. Kudos to the Payoneer team for helping clients succeed in their business!โ
Frequently asked questions
FIRC (Foreign Inward Remittance Certificate)โฏ is a vital physical document issued by an Authorized Dealer (AD) bank that acts as proof of payments received in foreign currency (inward remittance) by you as an Indian exporter (be it a business or freelancer or sole proprietor).ย
If youโre an Indian seller, exporter, or service provider receiving payments from abroad, proof of foreign currency payment such as FIRC or FIRA/FIRS/NOC is a vital document. It serves multiple crucial purposes:
- Proving receipt of foreign inward remittances against your export business & realization of the outstanding export bills (whenever applicable).ย
- Claiming any potential tax benefits.ย
- Qualifying for export promotion incentives through various Government schemesย
NOC, which stands for No Objection Certificate, contains comparable information to FIRA or FIRS. NOC confirms to the beneficiary bank that the remittance converting bank (intermediary bank) has no objection to the issuance of e-FIRC and e-BRC by the beneficiaryโs bank.ย
An electronic Foreign Inward Remittance Certificate, known as e-FIRC, is the digital counterpart of the physical FIRC. Banks issue it after uploading the payment receipt on the Export Data Processing and Monitoring System (EDPMS).ย
To obtain the e-FIRC, the beneficiary must request the bank to upload the payment receipt on EDPMS. Once the request is made, the bank will upload the payment receipt on EDPMS and generate an inward remittance (IRM) number. This IRM number will henceforth be referred to as the e-FIRC number.
Please reach out to Payoneer Customer Care through any of the options available to you, post logging into Payoneer portal and we would be glad to help you.ย
Reserve Bank of India (RBI) issues the list of purpose of payments (referred to as purpose codes) which are unique codes to specify the type of foreign currency transactions.ย
