Acme Citibank India Purpose Codes

purposeCode on Acme Citibank India Payments carries the reason for an outward cross-border TT payment from India.

• The code is mandatory for TT.
• The format is S followed by 4 digits, for example S1006.
• Acme validates the format only. Acme does not validate the code value against this list.
• Acme sends the code to Citi as line 2 of the remittance information. purposeOfPayment is line 1.
• purposeCode is used for TT only. Acme does not send it for IN_RTGS, IN_ACH, IN_IBFT and BKTR.
• Source: Citi India Purpose Code list (IN-A2-CBFT), CitiDirect File Delivery File Import Specification.

Capital account transactions (00)

code	description
S0001	Indian investment abroad in equity capital (shares)
S0002	Indian investment abroad in debt securities
S0003	Indian investment abroad in branches
S0004	Indian investment abroad in subsidiaries and associates
S0005	Indian investment abroad in real estate
S0006	Repatriation of Foreign Direct Investment in India in equity shares
S0007	Repatriation of Foreign Direct Investment in India in debt securities
S0008	Repatriation of Foreign Direct Investment in India in real estate
S0009	Repatriation of Foreign Portfolio Investment in India in equity shares
S0010	Repatriation of Foreign Portfolio Investment in India in debt securities
S0011	Loans extended to Non-Residents
S0012	Repayment of long and medium-term loans with original maturity above one year received from Non-Residents
S0013	Repayment of short-term loans with original maturity up to one year received from Non-Residents
S0014	Repatriation of Non-Resident Deposits (FCNRB/NRERA etc)
S0015	Repayment of loans and overdrafts taken by ADs on their own account
S0016	Sale of a foreign currency against another foreign currency
S0017	Purchase of intangible assets like patents, copyrights, trade marks etc.
S0018	Other capital payments not included elsewhere

Transportation (02)

code	description
S0201	Payments for surplus freight/passenger fare by foreign shipping companies operating in India
S0202	Payment for operating expenses of Indian shipping companies operating abroad
S0203	Freight on imports, shipping companies
S0204	Freight on exports, shipping companies
S0205	Operational leasing (with crew), shipping companies
S0206	Booking of passages abroad, shipping companies
S0207	Payments for surplus freight/passenger fare by foreign airlines companies operating in India
S0208	Operating expenses of Indian airlines companies operating abroad
S0209	Freight on imports, airlines companies
S0210	Freight on exports, airlines companies
S0211	Operational leasing (with crew), airlines companies
S0212	Booking of passages abroad, airlines companies
S0213	Payments on account of stevedoring, demurrage, port handling charges etc.

Travel (03)

code	description
S0301	Remittance towards business travel
S0302	Travel under basic travel quota (BTQ)
S0303	Travel for pilgrimage
S0304	Travel for medical treatment
S0305	Travel for education (including fees, hostel expenses etc.)
S0306	Other travel (international credit cards)

Communication services (04)

code	description
S0401	Postal services
S0402	Courier services
S0403	Telecommunication services
S0404	Satellite services

Construction services (05)

code	description
S0501	Construction of projects abroad by Indian companies including import of goods at project site
S0502	Payments for cost of construction etc. of projects executed by foreign companies in India

Insurance services (06)

code	description
S0601	Payments for life insurance premium
S0602	Freight insurance, relating to import and export of goods
S0603	Other general insurance premium
S0604	Reinsurance premium
S0605	Auxiliary services (commission on insurance)
S0606	Settlement of claims

Financial services (07)

code	description
S0701	Financial intermediation except investment banking: bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc.
S0702	Investment banking: brokerage, underwriting commission etc.
S0703	Auxiliary services: charges on operation and regulatory fees, custodial services, depository services etc.

Computer and information services (08)

code	description
S0801	Hardware consultancy/implementation
S0802	Software consultancy/implementation
S0803	Data base, data processing charges
S0804	Repair and maintenance of computer and software
S0805	News agency services
S0806	Other information services: subscription to newspapers, periodicals

Royalties and license fees (09)

code	description
S0901	Franchises services: patents, copyrights, trade marks, industrial processes, franchises etc.
S0902	Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films)

Other business services (10)

code	description
S1001	Merchanting services, net payments (from sale and purchase of goods without crossing the border)
S1002	Trade related services: commission on exports / imports
S1003	Operational leasing services (other than financial leasing) without operating crew, including charter hire
S1004	Legal services
S1005	Accounting, auditing, book keeping and tax consulting services
S1006	Business and management consultancy and public relations services
S1007	Advertising, trade fair, market research and public opinion polling service
S1008	Research and development services
S1009	Architectural, engineering and other technical services
S1010	Agricultural, mining and on-site processing services: protection against insects and disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc.
S1011	Payments for maintenance of offices abroad
S1012	Distribution services
S1013	Environmental services
S1019	Other services not included elsewhere

Personal, cultural and recreational services (11)

code	description
S1101	Audio-visual and related services: services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights
S1102	Personal, cultural services such as those related to museums, libraries, archives and sporting activities, and fees for correspondence courses abroad

Government not included elsewhere (12)

code	description
S1201	Maintenance of Indian embassies abroad
S1202	Remittances by foreign embassies in India

Transfers (13)

code	description
S1301	Remittance by non-residents towards family maintenance and savings
S1302	Remittance towards personal gifts and donations
S1303	Remittance towards donations to religious and charitable institutions abroad
S1304	Remittance towards grants and donations to other governments and charitable institutions established by the governments
S1305	Contributions/donations by the Government to international institutions
S1306	Remittance towards payment / refund of taxes

Income (14)

code	description
S1401	Compensation of employees
S1402	Remittance towards interest on Non-Resident deposits (FCNRB/NRERA/NRNRD/NRSR etc.)
S1403	Remittance towards interest on loans from Non-Residents (ST/MT/LT loans)
S1404	Remittance of interest on debt securities: debentures / bonds / FRNs etc.
S1405	Remittance towards interest payment by ADs on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c)
S1406	Repatriation of profits
S1407	Payment/repatriation of dividends

Others (15)

code	description
S1501	Refunds / rebates / reduction in invoice value on account of exports
S1502	Reversal of wrong entries, refunds of amount remitted for non exports
S1503	Payments by residents for international bidding
S1504	Notional sales when export bills negotiated/purchased/discounted are dishonoured/crystallized/cancelled and reversed from suspense accounts