IRM Settlement & Purpose Code
Get inward remittances applied cleanly, under the right purpose code, the first time.
USD credited but not applied. Wrong purpose code sitting on last quarter's exports. AD bank asking for one more document, again. Every unapplied IRM is an EDPMS entry that will open, an eBRC that won't issue, and a FEMA question waiting to be asked.
20-min call · Fixed-scope quote · Response within 1 business day
Why unapplied IRMs hurt
An IRM sitting unapplied is a downstream compliance chain waiting to break.
EDPMS opens
Every unapplied IRM against an export leaves an EDPMS entry open at the AD bank.
eBRC blocked
Wrong or missing purpose code stops the AD bank from issuing an eBRC on DGFT.
FEMA classification
Wrong purpose code misclassifies the receipt under FEMA reporting to RBI.
Client friction
Unapplied remittances trigger duplicate confirmation requests to the overseas client.
Reconciliation debt
Every unapplied IRM adds hours of finance-team reconciliation at quarter-end.
The Fintrado engagement
Applied, correctly
A senior banking practitioner on your file, until every IRM is applied under the right purpose code.
No juniors. No handoffs. The person reading the RBI Master Direction is the same person coordinating with your AD bank's trade desk.
Remittance-wise reconciliation of unapplied IRMs on the AD-bank dashboard
Purpose-code review against RBI's list (goods, services, dividends, capital)
Application against the correct shipping bill, invoice or A2 form
Purpose-code correction and re-application, within the bank's amendment window
Coordination with the AD bank's trade and forex desk end-to-end
Evidence pack and confirmation of settled status for your compliance file
How the settlement works
Four steps. Clear timelines. One person accountable.
Diagnose
We pull the AD bank's IRM dashboard and map every unapplied remittance to its underlying export document and expected purpose code.
Reconcile
Purpose-code checks, document matching, gap analysis, you get a clean list of what settles as-is and what needs bank amendment.
File
We prepare application and correction requests in the exact AD-bank-accepted format, with the evidence pack attached.
Close
IRMs are applied on the bank dashboard, EDPMS entries close, eBRCs unblock, and you get an evidence pack for your compliance file.
Who this is for
Built for exporters whose forex is credited but not applied.
Exporters with unapplied IRMs sitting for more than 30 days
Service exporters whose remittances land under the wrong purpose code
MSMEs whose AD bank keeps asking for one more document
CFOs cleaning up quarter-end reconciliation before an audit or funding round
Led by a senior banking practitioner with 15+ years across forex desks and FEMA reporting, the same side of the table that raises the IRM queries you're trying to close.
The position
What we did
- Pulled the AD-bank IRM dashboard and mapped every remittance
- Corrected 12 purpose codes and re-applied 47 remittances
- Matched every applied IRM to its shipping bill for EDPMS closure
- Coordinated with the AD-bank trade desk end-to-end
- Triggered eBRC issuance downstream for the applied bills
- Delivered a clean evidence file for the quarter-end audit
The outcome
Next step
Sitting on unapplied IRMs? Send us the AD-bank dashboard, we'll come back with a settlement plan within 1 business day.
No sales script. No junior on the call. A working review of your IRM position and a fixed-scope proposal to apply and correct them.
FAQ
Straight answers, from someone who's actually filed these.
Basics
Timelines
Documents you'll need
Process & engagement
Contact
Let's discuss your trade compliance.
Share a few details about your business and pending compliance items. You'll receive a confidential response within one business day.