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Bank of India

Research notes as of 05 Oct 2026, not legal or tax advice. VERIFIED means we read the primary source, REPORTED means secondary sources only, and UNCERTAIN means the law or practice is unclear. Ask your bank or a CA before acting on uncertain points.

How to file with Bank of India

We haven't confirmed this bank's EDF procedure yet.

How to submit

  • Branch / Centralised Forex Back Office uncertain

    BOI has a 'Centralised Forex Back Office' page (bankofindia.bank.in/fe-bo-centralized), but the site blocked automated access (403/Cloudflare), so its content could not be read.

    Source
IEC needed?
Not confirmed. Ask your bank
Charges
Search snippet of BOI 'Service Charges on Forex Transactions' (Annexure-VI): FIRC INR 500 on security paper / INR 200 on letterhead. Not verified (PDF blocked).
FIRA / FIRC
Reported (search snippet): INR 500 per certificate on security paper, INR 200 on letterhead.
Declaring the purpose code
Not found.

Recommendations

  • Bank of India's website blocked automated reading, so ask the branch for its Reg. 19 SOP disclosure and its EDF submission channel.
  • Ask your home branch whether it is an AD (forex) branch; if not, ask which mapped AD/forex branch handles your EDF and inward remittances, and get the email address in writing.
  • File one consolidated EDF per month (Annex form of FEMA 23(R)/2026-RB) with an invoice-wise annexure, within 30 days after the invoice month; keep the bank's acknowledgement/EDF number.
  • For PA/platform payouts that arrive as domestic INR credits (Wise/Skydo/Razorpay/Payoneer/PayPal), keep the provider's FIRA/e-FIRC and ask the bank how it wants them mapped to the EDF; no bank in this group publishes a rule for this.
  • Ask your branch or relationship manager how it wants the monthly EDF for services. Most banks take it at the branch or through the relationship manager; business customers may be able to use a trade portal.
  • Ask whether it accepts PAN when you don't have an IEC.
  • Take the printed EDF, the covering letter, copies of the invoices and any FIRA / e-FIRC.
  • Your bank must publish its export policy on its website (Reg. 19). Look for "export" or "FEMA" policy documents there.

Sources