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Standard Chartered Bank

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 Standard Chartered Bank

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

  • Bank digital channel ("applicable digital channels of the bank") verified

    Policy s.5.4: EDF may be submitted 'either in physical form or through applicable digital channels of the bank'. For business clients the digital channel is presumably Straight2Bank (S2B); the policy does not name it. The bank also publishes a bulk 'EDF Upload Template' (column layout for IE name, PAN, GSTIN, invoice no., currency, amount, invoice/due date, contract no./date, supplier name, country, purpose code, SAC, third party).

    Source

  • Email/digital intimation of inward remittance verified

    Policy s.6.7: the customer gets an email/digital-platform intimation of each inward remittance and must give 'disposal instructions' (purpose description, purpose code, beneficiary country code).

    Source

  • Physical form at branch verified

    Policy s.5.4 allows physical submission.

    Source

  • Relationship Manager verified

    Policy s.5.7: for small-value (<= INR 10 lakh) closure declarations 'reach out to the Bank's Relationship Manager'.

    Source

Documents the bank may ask for

  • Form EDF in RBI format (Annexure 3 of the policy) verified
  • Disposal instructions on each inward remittance: purpose description, purpose code, ultimate beneficiary country code verified
  • Supporting documents per purpose code (Annexure 2 'ITT purpose-code checklist'): for most P08xx/P10xx service codes = disposal instruction + Form EDF; P1002 commission needs request letter, agent invoice, export reference, tax declarations verified
  • For <= INR 10 lakh closure: declaration in prescribed format with details to reconcile IRM to EDF verified
  • Advance receipts: EDF not mandatory at advance stage; proforma invoice / accepted PO / agreement verified
IEC needed?
Not confirmed. Ask your bank
Timing
Services: EDF 'before undertaking any export of services and within 30 days from end of the month in which invoice is raised or in any case on or before the date of receipt of funds' (policy s.5.4, wording as published). Bank enters EDF in EDPMS within 5 working days of a complete EDF; closure within 5 working days of a complete request. Late EDF: extension on request citing reasons.
Charges
Per bank's published schedule of charges (policy s.15 links https://www.sc.bank.in/deposits/schedule-of-charges/); no EDF-specific fee found
FIRA / FIRC
Not described in the export policy; inward remittance number / eFIRC referenced for regularisation. Charges per schedule (not verified).
Declaring the purpose code
Email/digital intimation on receipt; customer gives disposal instructions with purpose code + beneficiary country code (policy s.6.7). Remitter name must match buyer on invoice or third-party rules apply (SOP key features).

Recommendations

  • SC retail and business customers: submit the monthly EDF through SC's digital channel or branch using SC's EDF upload template; keep the template's column order in easylancing exports.
  • Reply to every SC inward-remittance intimation with purpose code, description and beneficiary country code; SC uses these as disposal instructions.
  • SC's published services timing says EDF 'on or before the date of receipt of funds' as well as 30 days after month end; to be safe, file before the money arrives where possible, or ask the RM to confirm which deadline applies.
  • For invoices <= INR 10 lakh, ask the RM for SC's prescribed small-value closure declaration format.
  • Stripe India users settling into SC: keep SC's same-day 'payment advice' emails as realisation proof.

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

Payment services that settle through Standard Chartered Bank

  • Stripe India Pvt Ltd (exports) · EDF goes to: uncertain
  • Upwork - Direct to Local Bank (INR) · EDF goes to: own_bank

Sources