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The Karur Vysya 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 Karur Vysya Bank Ltd.

From the bank's published export policy and other sources, checked 2026-10-04. Banks are still settling their procedures, so confirm with your branch.

How to submit

  • Home branch, then Centralised Forex Processing Centre (CFPC), Chennai verified

    SOP: the branch gets a request letter, the EDF filled in and signed by the authorised signatory, and proof of services export (including software), and sends them to CFPC. The Branch Head attests after CFPC approval. CFPC reports the EDF in EDPMS manually within 5 working days of getting the EDF and documents.

    Source

  • STPI / SEZ Development Commissioner (software) verified

    SOP: since software exports must be uploaded in EDPMS, KVB 'may advise' software exporters to get the EDF attested by STPI or the SEZ Development Commissioner.

    Source

Documents the bank may ask for

  • Request letter from customer verified
  • EDF in bank's annexure format, filled in and signed verified
  • Commercial invoice(s) / agreement copy for services, as proof of services export verified
  • KYC/AML-compliant account; for attestation by the Branch Head, a satisfactorily run account for at least 6 months (waived for customers with credit facilities; deviations need the CFPC Vertical Head) verified
IEC needed?
Not confirmed. Ask your bank
Timing
Within 30 days from end of invoice month (single monthly EDF allowed; non-software services may file on or before payment). Delay from 30 days up to 3 months: Head-CFPC may permit; more than 3 months: Vertical Head of business unit. CFPC reports in EDPMS within 5 working days. With a 100% advance received, CFPC can report the EDF while processing the export bill (MBIL). Realisation: 9 months from invoice (FCY), 18 months (INR/SRVA).
Charges
Per SOP, 'Bank Certificates & Attestations' charge per EDF (Rs 250 + GST per forex charges w.e.f. 28.07.2023), plus a charge for manually reporting the EDF in EDPMS (amount not found). Export bill extension Rs 500 per extension.
FIRA / FIRC
Certificate for inward remittance Rs 250 + GST (verified, forex charges)
Declaring the purpose code
The customer gives the branch a disposal instruction with the correct RBI purpose code; the branch sends it to the Centralised Processing Center. Cut-off 3 PM: T+0 before, T+1 after (verified)

Recommendations

  • File the monthly EDF at your home branch with a request letter, the signed EDF and invoice/contract copies, and keep the acknowledgement.
  • Software developers: ask whether KVB will attest your EDF itself or send you to STPI; the SOP lets the bank route software EDFs to STPI/SEZ.
  • New accounts (under 6 months) may face extra scrutiny before the Branch Head attests; open the account well before your first EDF is due.
  • Give the RBI purpose code in the disposal instruction for every inward remittance so the IRM can be matched to your EDF. Unmatched IRMs older than a year attract a quarterly charge.
  • Plan for the 9-month realisation period (2026 amendment), which the KVB SOP already reflects.

The bank's export policy (FEMA 23(R)/2026, Reg. 19 disclosure)

Sources