Product Overview

National Payments Corporation of India (NPCI) has introduced the Foreign Inward Remittance (FIR) service, which allows individuals in India to receive funds from abroad directly into their UPI-linked bank accounts. This service offers a seamless and secure way to transfer money internationally, helping UPI users receive remittances conveniently from family members, friends, or business partners located overseas.

Key Features of Foreign Inward Remittance via UPI:

Direct Transfer to UPI-Linked Bank Accounts:
Remittances from abroad are credited directly into the recipient's UPI-linked bank account. This means there’s no need to open any separate remittance account or use third-party services. As long as the UPI app is linked to a valid Indian bank account, users can start receiving international payments instantly.
Secure and Easy Process:
UPI's robust security features ensure that all transactions are encrypted and protected. The remittance process is smooth, and the recipient receives the money in their UPI-linked account without any unnecessary delays.

Permissions and consent required for the transaction are automatically managed through UPI-powered applications, ensuring that users have complete control over their incoming funds.
Available Across Multiple Countries and Banks:
FIR service is available for transactions from multiple countries and with participating international banks. NPCI has established partnerships with banks globally to make it easier for Indian UPI users to receive funds from abroad.

To check if the service is available in your country or through your UPI app, users can view a comprehensive list of supported countries, banks, and UPI apps. This helps ensure that the FIR service works smoothly depending on the country and bank the remittance is coming from.
User Consent and Privacy:
UPI users maintain full control over their data and consent throughout the process. Before a remittance is completed, the required permissions are sought from the UPI app, ensuring privacy and transparency in how the information is handled.

How to Use Foreign Inward Remittance (FIR) via UPI:

Ensure Your Bank Account is UPI-Linked: Make sure that your Indian bank account is linked to your UPI app. You can do this through the supported UPI application
Check if Your Bank and UPI App Support FIR: Not all banks or UPI applications may support Foreign Inward Remittance. Visit the NPCI website or check the list of supported banks and UPI-powered apps to see if your bank account and UPI app can receive remittances via FIR.
Provide Your UPI ID to the Sender: Once your UPI account is set up and eligible for FIR, simply provide your UPI ID to the person sending the money from abroad. This UPI ID will function as your account identifier for receiving funds.
Receive the Money: The remittance will be credited to your UPI-linked account once the sender completes the transaction from their end. You will receive a notification via your UPI app once the money has been successfully credited to your account.

Benefits of Using NPCI’s FIR via UPI:

Speed: Transactions are completed quickly, and funds are available in your bank account almost instantly after the remittance is processed.
Convenience: The entire process happens digitally without needing to visit a bank branch or complete lengthy paperwork.
Widely Accessible: With UPI being widely accepted in India, millions of users can benefit from this service without needing any additional setup.

To know the list of countries, banks and UPI-powered applications that are enabled: Click here