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Purpose Codes

Purpose Codes

Purpose codes are essential for compliance and are mandatory when sending money across borders. They help categorise the nature of your transactions, ensuring transparency and adherence to regulatory requirements. If you're unsure about selecting the right purpose code for your business needs, our team is here to assist you. Feel free to reach out to us at contact@Glomo.com.

Purpose for payouts

Purpose Group NamePurpose CodeDescription
Capital AccountS0017Acquisition of non-produced non-financial assets (Purchase of intangible assets like patents, copyrights, trademarks etc., land acquired by government, use of natural resources) - Government
Capital AccountS0019Acquisition of non-produced non-financial assets (Purchase of intangible assets like patents, copyrights, trademarks etc., use of natural resources) - Non-Government
Capital AccountS0026Capital transfers (Guarantees payments, Investment Grand given by the government/international organisation, exceptionally large Non-life insurance claims) Government
Capital AccountS0027Capital transfers (Guarantees payments, Investment Grand given by the Non-government, exceptionally large Non-life insurance claims) -Non-Government
Capital AccountS0099Other capital payments not included elsewhere
Foreign Direct InvestmentsS0003Indian Direct investment abroad (in branches & wholly owned subsidiaries) in equity Shares
Foreign Direct InvestmentsS0004Indian Direct investment abroad (in subsidiaries and associates) in debt instruments
Foreign Direct InvestmentsS0005Indian investment abroad - in real estate
Foreign Direct InvestmentsS0006Repatriation of Foreign Direct Investment made by overseas Investors in India - in equity shares
Foreign Direct InvestmentsS0007Repatriation of Foreign Direct Investment in made by overseas Investors India - in debt instruments
Foreign Direct InvestmentsS0008Repatriation of Foreign Direct Investment made by overseas Investors in India - in real estate
Foreign Portfolio InvestmentsS0001Indian Portfolio investment abroad - in equity shares
Foreign Portfolio InvestmentsS0002Indian Portfolio investment abroad - in debt instruments
Foreign Portfolio InvestmentsS0009Repatriation of Foreign Portfolio Investment made by overseas Investors in India - equity shares/units of AIF, MF (mutual funds) etc.
Foreign Portfolio InvestmentsS0010Repatriation of Foreign Portfolio Investment made by overseas Investors in India - in debt instruments
LoansS0011Loans (short or long-term) extended to NonResidents/ export bill discounting for exports between two non-residents
LoansS0012Repayment of long & medium term loans with original maturity above one year received from Non-Residents
LoansS0013Repayment of short term loans with original maturity up to one year received from NonResidents
Banking CapitalS0014Repatriation of Non-Resident Deposits FD, savings account
Banking CapitalS0015Repayment of loans & overdrafts taken by IBUs on their own/ overnight lending, placement of deposit by IBUs.
Banking CapitalS0016Sale of a foreign currency against another foreign currency
Financial Derivatives and OthersS0020Payments made on account of margin payments, premium payment and settlement amount etc. under Financial derivative
Financial Derivatives and OthersS0021Payments made on account of sale of share under Employee stock option
Financial Derivatives and OthersS0022Investment in Indian Depositories Receipts (IDRs)
Financial Derivatives and OthersS0023Opening of foreign currency account abroad with a bank
External AssistanceS0024External Assistance extended by India. e.g. Loans and advances extended by India to Foreign governments
External AssistanceS0025Repayments made on account of External Assistance received
Merchandise imports between resident and non-residentS0101Advance payment against imports made to countries other than Nepal and Bhutan
Merchandise imports between resident and non-residentS0102Payment towards imports- settlement of invoice other than Nepal and Bhutan
Merchandise imports between resident and non-residentS0103Imports by diplomatic missions other than Nepal and Bhutan
Merchandise imports between resident and non-residentS0104Intermediary trade/transit trade, i.e., third country export passing through India
Merchandise imports between resident and non-residentS0108Goods acquired under merchanting / Payment against import leg of merchanting trade
Merchandise imports between resident and non-residentS0109Payments made for Imports from Nepal and Bhutan, if any
TransportS0201Payments for surplus freight/passenger fare by foreign shipping companies operating in India
TransportS0202Payment for operating expenses of Indian shipping companies operating abroad
TransportS0203Freight on imports – Shipping companies
TransportS0204Freight on exports – Shipping companies
TransportS0205Operational leasing/Rental of Vessels (with crew) –Shipping companies
TransportS0206Booking of passages abroad – Shipping companies
TransportS0207Payments for surplus freight/passenger fare by foreign Airlines companies operating in India
TransportS0208Operating expenses of Indian Airlines companies operating
TransportS0209Freight on imports – Airlines companies
TransportS0210Freight on exports – Airlines companies
TransportS0211Operational leasing / Rental of Vessels (with crew) – Airline companies
TransportS0212Booking of passages abroad – Airlines companies
TransportS0214Payments on account of stevedoring, demurrage, port handling charges etc.(Shipping companies)
TransportS0215Payments on account of stevedoring, demurrage, port handling charges, etc.(Airlines companies)
TransportS0216Payments for Passenger - Shipping companies
TransportS0217Other payments by Shipping companies
TransportS0218Payments for Passenger - Airlines companies
TransportS0219Other Payments by Airlines companies
TransportS0220Payments on account of freight under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and others)
TransportS0221Payments on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and others)
TransportS0222Postal & Courier services by Air
TransportS0223Postal & Courier services by Sea
TransportS0224Postal & Courier services by others
TravelS0301Business travel
TravelS0303Travel for pilgrimage
TravelS0304Travel for medical treatment
TravelS0305Travel for education (including fees, hostel expenses etc.)
TravelS0306Other travel (including holiday trips and payments for settling international credit cards transactions)
Construction servicesS0501Construction of projects abroad by Indian companies including import of goods at project site abroad
Construction servicesS0502Cost of construction etc. of projects executed by foreign companies in India
Insurance and Pension ServicesS0601Life Insurance premium except term insurance
Insurance and Pension ServicesS0602Freight insurance - relating to import & export of goods
Insurance and Pension ServicesS0603Other general insurance premium including reinsurance premium; and term life insurance premium
Insurance and Pension ServicesS0605Auxiliary services including commission on insurance
Insurance and Pension ServicesS0607Insurance claim Settlement of non-life insurance; and life insurance (only term insurance)
Insurance and Pension ServicesS0608Life Insurance Claim Settlements
Insurance and Pension ServicesS0609Standardised guarantee services
Insurance and Pension ServicesS0610Premium for pension funds
Insurance and Pension ServicesS0611Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund
Insurance and Pension ServicesS0612Invoking of standardised guarantees
Financial ServicesS0701Financial intermediation, except investment banking - Bank charges, collection charges, LC charges etc.
Financial ServicesS0702Investment banking - brokerage, under writing commission
Financial ServicesS0703Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc.
Telecom, Computer & Information ServicesS0801Hardware consultancy/implementation
Telecom, Computer & Information ServicesS0802Software consultancy / implementation
Telecom, Computer & Information ServicesS0803Data base, data processing charges
Telecom, Computer & Information ServicesS0804Repair and maintenance of computer and software
Telecom, Computer & Information ServicesS0805News agency services
Telecom, Computer & Information ServicesS0806Other information services- Subscription to newspapers
Telecom, Computer & Information ServicesS0807Off-site software imports
Telecom, Computer & Information ServicesS0808Telecommunication services including electronic mail services and voice mail services
Telecom, Computer & Information ServicesS0809Satellite services including space shuttle and rockets etc.
Charges for the use of intellectual property n.i.eS0901Franchises services
Charges for the use of intellectual property n.i.eS0902Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks and industrial processes etc.
Other Business ServicesS1002Trade related services - commission on exports / imports
Other Business ServicesS1003Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies
Other Business ServicesS1004Legal services
Other Business ServicesS1005Accounting, auditing, book-keeping services
Other Business ServicesS1006Business and management consultancy and public relations
Other Business ServicesS1007Advertising, trade fair service
Other Business ServicesS1008Research & Development services
Other Business ServicesS1009Architectural services
Other Business ServicesS1010Agricultural services like protection against insects & disease, increasing of harvest yields, forestry services
Other Business ServicesS1011Payments for maintenance of offices abroad
Other Business ServicesS1013Environmental Services
Other Business ServicesS1014Engineering Services
Other Business ServicesS1015Tax consulting services
Other Business ServicesS1016Market research and public opinion polling service
Other Business ServicesS1017Publishing and printing services
Other Business ServicesS1018Mining services like on-site processing services analysis
Other Business ServicesS1020Commission agent services
Other Business ServicesS1021Wholesale and retailing trade services
Other Business ServicesS1022Operational leasing services (other than financial leasing) without operating crew, including charter hire-Shipping
Other Business ServicesS1023Other Technical Services including scientific/space services
Other Business ServicesS1099Other services not included elsewhere
Personal, Cultural & Recreational servicesS1101Audio-visual and related services like Motion picture and video tape production, distribution and projection services
Personal, Cultural & Recreational servicesS1103Radio and television production, distribution and transmission services
Personal, Cultural & Recreational servicesS1104Entertainment services
Personal, Cultural & Recreational servicesS1105Museums, library and archival services
Personal, Cultural & Recreational servicesS1106Recreation and sporting activities services
Personal, Cultural & Recreational servicesS1107Education (e.g. fees for correspondence courses abroad)
Personal, Cultural & Recreational servicesS1108Health Service (payment towards services received from hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site)
Personal, Cultural & Recreational servicesS1109Other Personal, Cultural & Recreational services
Govt. not included elsewhere (G.n.i.e.)S1201Maintenance of Indian embassies abroad
Govt. not included elsewhere (G.n.i.e.)S1202Remittances by foreign embassies in India
Secondary IncomeS1301Remittance for family maintenance and savings
Secondary IncomeS1302Remittance towards personal gifts and donations
Secondary IncomeS1303Remittance towards donations to religious and charitable institutions abroad
Secondary IncomeS1304Remittance towards grants and donations to other governments and charitable institutions established by the government
Secondary IncomeS1305Contributions/donations by the Government to international institutions
Secondary IncomeS1306Remittance towards payment / refund of taxes
Secondary IncomeS1307Outflows on account of migrant transfers including personal effects
Primary IncomeS1401Compensation of employees
Primary IncomeS1402Remittance towards interest on Non-Resident deposits (FD, Savings Deposits)
Primary IncomeS1403Remittance towards interest on loans from NonResidents (ST/MT/LT loans); Trade Credits, etc.
Primary IncomeS1405Remittance towards interest payment by IBUs on their own account or the OD on NOSTRO a/c.
Primary IncomeS1408Remittance of profit by FDI enterprises in India (by branches of foreign companies including bank branches)
Primary IncomeS1409Remittance of dividends by FDI enterprises in India (other than branches) on equity and investment fund shares
Primary IncomeS1410Payment of interest by FDI enterprises in India to their Parent company abroad.
Primary IncomeS1411Remittance of interest income on account of Portfolio Investment in India
Primary IncomeS1412Remittance of dividends on account of Portfolio Investment in India on equity and investment fund shares
OthersS1501Refunds / rebates / reduction in invoice value on account of exports
OthersS1502Reversal of wrong entries, refunds of amount remitted for non-exports
OthersS1503Payments by residents for international bidding
OthersS1504Notional sales when export bills negotiated/ purchased/ discounted are dishonored/ crystallised/ cancelled and reversed from suspense account
OthersS1505Deemed Imports (exports between SEZ, EPZs and Domestic tariff areas)
Maintenance and repair services n.i.eS1601Payments on account of maintenance and repair services rendered for Vessels, ships, boats, warships, etc.
Maintenance and repair services n.i.eS1602Payments on account of maintenance and repair services rendered for aircrafts, space shuttles, rockets, military aircrafts,
Manufacturing services (goods for processing)S1701Payments for processing of goods
OthersS0000Self Transfer
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