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The Federal Bank Ltd.

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 The Federal Bank Ltd.

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

IEC needed?
Not confirmed. Ask your bank
Timing
Regulatory default: 30 days from end of invoice month.
Charges
Schedule of Charges for Trade & Forex Services (PDF created 7 Aug 2026): inward remittance (trade/non-trade/to EEFC) Rs 250; E/FIRC issuance/revalidation Rs 500; e-BRC issuance Rs 250; change of purpose code Rs 500 per instance; extension of export bill in EDPMS Rs 1,000 per event; certificates/attestation Rs 1,000. All exclude GST. No services-EDF line found.
FIRA / FIRC
E/FIRC issuance Rs 500 + GST (Federal schedule, Aug 2026). Jupiter community threads report Jupiter does not issue FIRC and refers users to Federal Bank (REPORTED).
Declaring the purpose code
Disposal Instruction for Foreign Inward Remittance form (Federal site): remitter, purpose of remittance and purpose code, conversion to INR or split to EEFC/RFC, FEMA s.10(5) declaration. Fintech-app flows (Jupiter/Fi) not verified.

Recommendations

  • Customers of Jupiter, Fi or other fintech brands on Federal Bank hold a Federal Bank account (IFSC FDRL). Federal Bank, not the app, is your AD bank for the EDF. Ask the app's support for the Federal Bank home-branch details, then ask that branch how to submit the monthly EDF.
  • If your fintech app cannot take a purpose-code declaration for foreign credits, consider receiving export income in a full-service bank account where you can file EDFs at a trade desk.
  • File one consolidated EDF per month, within 30 days after the end of the invoice month. For non-software services you may file on or before the date payment is received.
  • When a foreign credit arrives, give a disposal instruction with the exact purpose code (P0802 software consultancy/implementation, P0807 off-site software exports, P1006 business/management consultancy, P1007 advertising, P1014 engineering, P1099 other services). Do not let it be booked as a personal/family remittance (P13xx).
  • For INR credits from a PA-CB (Wise Business, Skydo, Razorpay MoneySaver, Xflow, BriskPe, etc.) keep the provider's FIRA/e-FIRC and attach it with the invoice when the bank asks for realisation evidence.
  • 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