Purpose Of Transfer codes
Glossary of Purpose Codes:
Payment purpose code is used to identify the purpose of each and every payment.
| Purpose Code | Description |
|---|---|
| IR001 | Transfer to own account |
| IR002 | Family Maintenance |
| IR003 | Education-related student expenses |
| IR004 | Medical Treatment |
| IR005 | Hotel Accommodation |
| IR006 | Travel |
| IR007 | Utility Bills |
| IR008 | Repayment of Loans |
| IR009 | Tax Payment |
| IR010 | Purchase of Residential Property |
| IR011 | Payment of Property Rental |
| IR012 | Insurance Premium |
| IR013 | Product indemnity insurance |
| IR014 | Insurance Claims Payment |
| IR015 | Mutual Fund Investment |
| IR016 | Investment in Shares |
| IR017 | Donations |
| IR020 | Salary |
| IR01801 | Information Service Charges |
| IR01802 | Advertising & Public relations-related expenses |
| IR01803 | Royalty fees, trademark fees, patent fees, and copyright fees |
| IR01804 | Fees for brokers, front end fee, commitment fee, guarantee fee and custodian fee |
| IR01805 | Fees for advisors, technical assistance, and academic knowledge, including remuneration for specialists |
| IR01806 | Representative office expenses |
| IR01807 | Construction costs/expenses |
| IR01808 | Transportation fees for goods |
| IR01809 | For payment of exported goods |
| IR01810 | Delivery fees for goods |
| IR01811 | General Goods Trades - Offline trade |
Updated 6 months ago