These are the standard lists of payment reasons we recommend selecting from when uploading a mass payment. Alternatively, you can specify a custom reason for payment for all currencies except INR.
Reason for Payment List for all currencies (Except INR)
| Reason |
| Bonus (Salary) |
| Import/Export of Goods/Services |
| Supplier Payment |
| Payment from Customer |
| Charity Funding |
| Dividend |
| Employee Expenses |
| Freight Cost/Services |
| Insurance Claim |
| Investment |
| Invoice |
| Operating Cost |
| Outsourcing/Consultancy |
| Pension |
| Property Management |
| Property Purchase/Sale |
| Repatriation of Funds |
| Salary |
| Tax |
| Travel Services |
Reason for Payment List for INR Only
For INR payments, you must provide one of the predefined reasons below. You cannot choose to
provide a custom reason. This is a requirement from the RBI (Royal Bank of India).
| Reason |
| Credit to NRE in INR |
| Family of NRI Payment |
| LIC, UTI & Post Master Payment |
| Investment |
| Housing Society/Real Estate Developer Payment |
| Tuition |
| Medical Expenses |
| Hotel Payment |
| Travel Agent Payment |
| Trade transactions |
| Payments to utility service providers |
| Tax payments |
| EMI payments |