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The South Indian 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 South Indian Bank Ltd.

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

How to submit

  • Home branch (forward to forex/international division) uncertain

    No services-EDF channel published. The bank handles export documents through branches; expect to hand the signed EDF to the home branch. Bank website (southindianbank.bank.in) blocks automated access, so the Reg. 19 policy could not be checked.

    Source

  • SIB TF Online (corporate internet banking trade module) uncertain

    Trade-finance platform for customers with a valid IEC to start trade payments. Not confirmed to accept services EDFs.

    Source

Documents the bank may ask for

  • Monthly EDF in the Gazette Annex format (Part 1, Part 2B invoice schedule), signed reported
  • Copies of all invoices raised in the month reported
  • Contract / engagement letter / proof of service delivery reported
  • FIRC/IRM reference for payments already received reported
IEC needed?
Not confirmed. Ask your bank
Timing
Regulatory: within 30 days after invoice month; bank SOP timelines not found
Charges
Services-EDF charge not published. Existing schedule: EDF(GR) approvals/waiver certificate Rs 1,000 per bill; certificate/attestation of export/import transaction, IEC letter or AD code Rs 250 each; e-BRC nil. Reg. 19(3) bars penalties for regulatory delay.
FIRA / FIRC
e-FIRC Rs 500 per certificate (verified, Compendium of Service Charges)
Declaring the purpose code
Not published; usual practice is a disposal/purpose declaration at the branch (uncertain)

Recommendations

  • Before the first deadline (30 Nov 2026 for October invoices), ask your branch in writing which office receives services EDFs and whether a PAN-only individual (no IEC) is accepted.
  • Keep the e-FIRC (Rs 500) only if you need it for GST/LUT evidence; the IRM/e-BRC is free.
  • Give a clear purpose code (for example P0802 software consultancy, P1006 business consultancy) with each inward remittance so it can be matched to your EDF.
  • 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