Answer / h.r. sreepada bhagi

As soon as a foreign exchange is credited to your bank a/c,
the bank will issue the FIRC(Foreign Inward Remittance
Certificate). If it's not received from the bank, you can
write to your bank and receive it. It needs to be submitted
to the RBI (Reserve bank of India) with relevant details
through your bank with in 6 months. But it's always
advisable to have the practice of submission on a monthly
basis for convenience & control.

Answer / vishwas

FIRC Means "Foreign Inward Remittance certificate". It is
the certificate issue by banker for the inward amount from
foregin cournties> It Contains Date @ what rate is credit
in INR Purpouses.It needs to be submitted RBI at nay time.
It will give full detils of transcation.

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