Anshul Sharma

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IMPS, NEFT, and RTGS are three electronic payment systems used to transfer money between bank accounts in India, with each designed for different transaction needs. IMPS is built for instant transfers, NEFT handles transfers through periodic settlement batches, and RTGS is designed for high-value payments that settle individually in real time.

Note that all three systems operate within India's domestic banking infrastructure. They are not international payment networks, so a foreign client cannot use IMPS, NEFT, or RTGS as the direct route for sending an international payment to an Indian bank account.

How Do IMPS, NEFT, and RTGS Actually Work?

IMPS, NEFT, and RTGS work differently based on how transactions are processed and settled. IMPS transfers funds immediately, NEFT processes transactions through periodic settlement batches, and RTGS settles each eligible transaction individually in real time.

IMPS, NEFT, and RTGS generally require the beneficiary's name, account number, IFSC code and bank details to make an account-based transfer. The exact information required can vary by bank and payment channel. You can also use the<a href="https://www.skydo.com/blog/what-is-the-utr-number-for-rtgs-and-neft"> UTR number for RTGS and NEFT</a> to track or identify a bank transfer.

<a href="https://www.skydo.com/blog/imps-vs-neft-vs-rtgs">NEFT and RTGS</a> are available through internet/mobile banking and bank branches. IMPS is also available through multiple channels, including mobile and internet banking, ATMs and participating branches.

NEFT is operated by the Reserve Bank of India (RBI), while IMPS is operated by the National Payments Corporation of India (NPCI). RTGS is operated by the RBI.

IMPS, NEFT, and RTGS differ mainly in how they settle transactions, how quickly funds move, their transfer limits, availability, access channels, and charges.

What Are the Transfer Limits and Charges for IMPS, NEFT &amp; RTGS?

IMPS, NEFT, and RTGS have different transfer limits and charges, so the right option depends on how much you need to send and how quickly it needs to arrive.

Use IMPS for urgent domestic transfers of up to ₹5 lakh, NEFT for routine transfers when immediate settlement is not necessary, and RTGS for high-value, time-sensitive transfers of ₹2 lakh or more. The best choice ultimately depends on how quickly the money needs to arrive and how much you are transferring.

IMPS works best when a small domestic payment needs to reach the recipient immediately, regardless of the time or day. For example, you might need to pay a ₹500 utility bill or transfer a small amount to a friend on a Sunday evening. IMPS processes eligible transfers instantly, 24x7, including weekends and bank holidays, so the recipient can receive the money within seconds.

NEFT is a better fit when the payment is routine and does not need to reach the recipient immediately. For example, if you need to pay a ₹2 lakh vendor invoice on a Tuesday morning but can afford to wait, NEFT processes the transaction through half-hourly settlement batches and can cost less than RTGS for an outward transfer.

RTGS is designed for high-value payments where individual, real-time settlement is important. For example, if you need to send a ₹15 lakh property advance that must reach the recipient the same day, RTGS can process the eligible transaction individually without waiting for a batch.

<a></a>Which Transfer Method Should You Choose?

Three simple questions can help you decide which payment system fits your transaction.

Can IMPS, NEFT, or RTGS Receive International Payments?

IMPS, NEFT, and RTGS cannot be used by a foreign client to send an international payment directly to an Indian bank account. These are domestic Indian payment systems designed for transfers within India's banking infrastructure.

<a></a>Why Can't IMPS, NEFT, or RTGS Be Used for International Payments?

The limitation comes from how these payment systems are structured and where they operate.

<a></a>What Should Indian Freelancers and Exporters Use Instead?

Indian freelancers and exporters receiving money from overseas generally have two broad options:

How Does Skydo Help Indian Businesses Receive International Payments?

Skydo helps Indian businesses and freelancers receive international payments through local collection accounts, predictable pricing, faster settlement and built-in compliance support.

These features address a need that domestic payment systems such as IMPS, NEFT and RTGS cannot handle directly. With <a href="https://www.skydo.com/">Skydo</a>, you get:

Additionally, Skydo offers support through channels including WhatsApp and phone, thereby helping Indian businesses and freelancers with payment status, settlement and documentation queries.

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What Are Cross-Border Payment Challenges?

Cross-border payment challenges are the costs, delays and compliance hurdles that arise when money moves between a payer and recipient in different countries. These transactions underpin international trade, e-commerce and global remittances, but they involve more moving parts than domestic payments.

International payments can lose value through FX markups, intermediary bank fees and unfavourable conversion rates. Settlement can also take longer because payments may pass through correspondent banks.

Indian freelancers and service exporters are typically on the receiving side of these transactions, so correspondent bank deductions, unpredictable settlement timelines and compliance requirements under FEMA and RBI rules can directly affect their payment experience. Another <a href="https://www.skydo.com/blog/what-are-cross-border-payments-and-how-skydo-can-help-you-receive-them">cross-border payment challenge</a> is that exporters also need appropriate documentation for foreign receipts, including FIRA (Foreign Inward Remittance Advice) where applicable.

The receiving side has its own challenges as well. Unlike someone sending money abroad, an Indian exporter has to make sure the payment reaches the correct account, is properly recorded and has the necessary inward-remittance documentation, such as FIRA, where applicable.

The six major cross-border payment challenges for Indian exporters and freelancers are high costs, slow settlement, regulatory complexity, limited payment visibility, foreign-exchange risk, and data privacy requirements. Each can affect either the amount an exporter receives, how quickly they receive it, or the compliance work required after the payment arrives.

International payments can become expensive because the cost is often spread across several charges rather than shown as one upfront fee.

For an Indian exporter, the combined effect of the exchange-rate margin, transfer fee and intermediary deductions can significantly reduce the INR value of a foreign payment.

<a href="https://www.skydo.com/receive-international-payments-in-india">Receiving International payments in India</a> can take several business days to reach an Indian account, particularly when multiple banks or currencies are involved.

<a></a>3. Regulatory and Compliance Hurdles

Indian exporters receiving international payments must deal with FEMA, RBI, KYC and AML requirements alongside the documentation associated with export proceeds.

Limited visibility into exchange rates, deductions and payment status can make international receipts difficult to reconcile.

<a></a>5. Currency Conversion and FX Risks

Changes in exchange rates can reduce an exporter's INR earnings between the time a payment is invoiced and the time it is converted.

For large invoices denominated in USD, EUR, GBP or other foreign currencies, even a 1% to 2% movement can make a meaningful difference to the final INR amount.

<a></a>6. Data Privacy and Sovereignty Regulations

Cross-border payments require financial and business information to move between multiple institutions and jurisdictions, creating additional data-protection considerations.

Indian exporters should also check that their payment provider follows applicable RBI requirements for data handling and localisation, as using a non-compliant provider can create regulatory risks.

<a></a>Cross-Border Payment Challenges: Bank vs Flat-Fee Alternative

The table below shows how the six challenges can differ between traditional bank transfers and a flat-fee payment platform:

For exporters looking for a way to address these issues together, <a href="https://www.skydo.com/">Skydo </a>is a <a href="https://www.skydo.com/blog/cross-border-payments">cross-border payment </a>platform that combines upfront flat pricing, automated payment documentation, digital tracking and export-compliance support.

How Can Indian Exporters Overcome Cross-Border Payment Challenges?

Indian exporters can reduce cross-border payment challenges by choosing a payment method that makes costs, settlement timelines and compliance requirements clear upfront. The right setup can reduce unexpected deductions, simplify payment documentation and make it easier to track incoming funds.

<a></a>Five Questions to Ask Before Choosing a Cross-Border Payment Method

Choosing the right <a href="https://www.skydo.com/blog/best-international-payment-platforms-for-freelancers-india">international payment gateway</a> comes down to asking these five questions that will help you compare the actual cost, speed, compliance and convenience of each option.

Cross-border payments will still involve regulatory and operational requirements. However, the right payment setup can take much of the routine payment tracking and documentation work off the exporter's hands.

<a href="https://www.skydo.com/">Skydo</a> addresses these challenges with a flat-fee receiving model, built-in compliance support and zero hidden charges. Payments under $2,000 cost $19, payments from $2,000 to $10,000 cost $29, and payments above $10,000 cost 0.3%, with no monthly fee or FX markup. Exporters also get free virtual accounts in USD, EUR, GBP, SGD, AUD and CAD, along with an automatically issued free and instant FIRA for each transaction.

Skydo also helps exporters manage what happens after the payment is received, with eBRC and EDPMS closure assistance, digital payment tracking and settlement within 1 working day. Account setup takes around 5 minutes, with dedicated India-based support available through WhatsApp, calls and text.

How Long Does an International Wire Transfer Take?

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An ACH payment is an electronic bank-to-bank transfer processed through the Automated Clearing House (ACH) Network in the United States. It is a type of electronic funds transfer (EFT) used for everyday payments such as payroll, vendor payments, utility bills, subscriptions, loan repayments, government benefits, and tax refunds.

An ACH payment starts when the initiating bank transmits the payment data through the ACH system to the receiving bank. After the transaction is completed, the money is transferred from one bank account to another.

NACHA sets the rules that guide the ACH Network and collaborates with other organisations, such as the Federal Reserve Bank and the US Treasury, to ensure its security and dependability.

Unlike card payments, which are processed through card networks, ACH payments move funds between bank accounts using the US banking system. ACH transactions are generally processed in batches through ACH operators rather than settled individually in real time. That's the real difference between ACH and a wire transfer. ACH is generally lower-cost and suited to routine payments, while wire transfers are often preferred when faster settlement or international transfers are required.

An ACH payment works by bundling payment instructions into batches, routing them through an operator, and settling everything between the US institutions involved.

Three primary organisations operate here:

The process usually includes the following steps:

ACH Credits consist of payments made by the payer to the payee, whereas ACH Debits consist of payments authorised to be made by an authorised payee. Regular ACH transactions generally take between one to three days, while Same Day ACH may apply for certain transactions.

<a></a>What are the Charges and Fees for ACH Payments and Transfers?

ACH payments run low-cost as a rule, though the exact number depends on the bank, the processor, the transaction type, and the settlement option chosen.

Some consumer ACH transfers cost nothing at all, while business processors tend to charge either a flat fee or a percentage. Typical ACH payments and transfer charges include:

Compared to card processing, ACH usually comes out cheaper. It can beat a domestic wire on cost too.

For Indian exporters, though, the ACH fee is only one line item. Once the payment's routed through a virtual US account, international settlement fees and FX costs need factoring in separately, since neither of those falls under the ACH fee itself.

ACH transfers fall into two broad types: Direct Deposits and Direct Payments. Within these categories, payments can be made as ACH Credits, where the sender pushes money, or ACH Debits, where the recipient pulls funds with prior authorisation.

The key difference is who initiates the payment: the sender for ACH Credits and the recipient for ACH Debits.

An ACH mandate is the authorisation that lets a business or service provider debit a customer's account under agreed terms.

Once it's in place, recurring or pre-authorised payments can happen without the customer approving each one individually. The mandate itself spells out the account, the amount, the frequency, and how long it runs.

There are also repetitive payments in India that run through the National Automated Clearing House (NACH), which is different from the US ACH Network. These types of payments can be made for EMIs, insurance premiums, utility bills, and mutual fund SIPs.

Think of it this way: the mandate is the permission, the ACH debit is what actually happens once that permission exists.

When is an ACH Payment Required for Indian Exporters and Freelancers?

ACH enters the picture for Indian exporters and freelancers specifically when a US client wants to pay through it into a virtual US receiving account.

A regular Indian bank account just doesn't carry the US routing and account infrastructure a domestic ACH payment needs. If a US client is given an Indian bank account's IFSC and SWIFT details, the payment would instead be sent as an international wire transfer.

A cross-border payment provider closes that gap by offering a virtual US account, complete with its own routing number and account number. The US client can then make a domestic ACH payment to those account details, after which the provider settles the funds into the Indian recipient's bank account.

That's different from a SWIFT wire, where the US client sends the payment straight to the Indian bank's international details instead.

It's also different from paying through a platform like Upwork or Fiverr, where the platform manages the client's payment and the freelancer's withdrawal on its own, with ACH never really entering the picture.

What are the Advantages of an ACH Transfer?

The main advantages of an ACH transfer are lower costs, convenience, automation, and easier payment tracking, which make it perfect for making regular payments.:

Overall, ACH is most useful for businesses and individuals who make or receive frequent, routine payments and want a cost-effective way to automate the process.

What are the Disadvantages of an ACH Transfer?

The main disadvantages of ACH transactions include slow processing time, inability to process outside the U.S., cutoff time for processing, and the possibility of payments being reversed.

A standard ACH transfer usually takes one to three business days, though the exact timing shifts depending on the bank, the transaction, and the processing window used.

Same Day ACH speeds this up for eligible payments through multiple processing windows within the business day. Even then, bank cut-off times, weekends, US federal holidays, and the receiving bank's own funds-availability rules can still slow things down.

For Indian exporters receiving ACH through a virtual US account, the number worth tracking isn't the ACH leg alone. It's the total time between the US client paying and the money actually reaching the Indian bank account.

The key differences between ACH and wire transfers are cost, speed, and reach. ACH is cheaper and processed in batches, while wire transfers are faster and can be used for international payments.

Cost and automation - ACH wins. Speed or reaching outside the US, wire transfers take it.

ACH vs SWIFT Transfer: What's the Difference?

ACH stays inside the US; SWIFT is the global messaging network that lets banks route international payments across borders.

SWIFT doesn't move a single dollar itself, actually. It just carries the instructions between banks, and the actual money moves through correspondent banking relationships behind the scenes.

For an Indian exporter, a US client paying an Indian bank account directly is almost always going through an international wire. A client paying a virtual US account through ACH is using the domestic rail first, with the provider handling India-side settlement afterwards.

<a></a>ACH Return vs. ACH Reversal vs. ACH Reject vs. Notice of Change: Key Differences Explained

An ACH return, reversal, clawback, reject, and Notice of Change all describe something going wrong with a payment, but they differ in who triggers them and whether money actually moved.

<a href="https://www.skydo.com/">Skydo</a> helps Indian exporters and freelancers receive US ACH payments by providing them with virtual USD accounts complete with real US routing and account numbers.

A US client uses those details to pay locally through ACH instead of dealing with an international wire on their end. The whole thing runs simply: set up a Skydo account, get the virtual USD details, share them with the client, the client pays through ACH, and Skydo settles the equivalent into the Indian bank account.

Every payment comes with an automatic FIRA, settlement lands within one working day, there's no monthly fee, and onboarding runs entirely online. eBRC and EDPMS closure assistance is there too, for exporters who need it.

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An Authorised Dealer (AD) bank is a bank licensed by the Reserve Bank of India (RBI) to deal in foreign exchange. For exporters, it is the bank through which you route and report all inward foreign remittances from overseas buyers.

If you are starting an export business in India, the AD bank's role goes beyond receiving the payment. It reports the transaction in the Export Data Processing and Monitoring System (EDPMS), issues the Foreign Inward Remittance Certificate (FIRC), sends the inward remittance details to the DGFT portal so you can generate your eBRC, and makes sure the export proceeds are reported as required under FEMA 1999.

Here is how that looks in practice. A Bengaluru-based IT services firm invoices a US client for $5,000. The payment arrives in the firm's export account at its AD bank, which records the inward remittance in EDPMS, issues a FIRC, and pushes the remittance to DGFT, where the firm generates its eBRC confirming receipt of export proceeds.

<a></a>Why Would an Exporter Need a Second AD Bank?

An exporter may need a second AD bank for four reasons: a new foreign client wires funds to a different bank, different business lines or geographies are banked separately, the existing AD bank may not offer competitive rates, settlement or trade finance, or the exporter wants to separate export proceeds by client, currency or contract.

Adding a second AD bank does not replace the first. Both can operate at the same time under the same Importer Exporter Code (IEC), and RBI permits this under FEMA 1999 export regulations.

A new client pays into a different bank: You may already have an established relationship with one AD bank, but a new foreign client wires funds to a different bank account. That second bank then needs to act as an AD bank for those transactions.

Separate business lines or geographies: Some exporters keep separate banking relationships, for example routing USD receipts through one bank and EUR receipts through another. Each bank must be registered as an AD bank for the transactions it handles.

Better rates, settlement or trade finance: Your existing AD bank may not offer competitive forex conversion rates, fast settlement timelines, or adequate trade finance support. That can prompt you to route new export receipts through a second bank that meets those needs better.

Clean segregation of proceeds: Exporters with multiple group entities or product lines may want to separate export proceeds by client, currency, or contract. A second AD bank allows that without closing the first relationship.

<a></a>How to Add a Second AD Bank for Exports

You add a second AD bank in six steps: choose an RBI-licensed AD Category-I bank, apply with your business details, provide the required documents, complete the bank's verification and compliance checks, finish AD code formalities if you export goods, and confirm EDPMS linkage.

If you export services, you do not need an AD code at customs. Your formalities with the AD bank stop at account activation and EDPMS linkage.

Here is an example. A Mumbai-based software services exporter wants to receive USD payments from a new US client through a second bank. They approach the new bank's trade desk and submit their IEC, PAN, GST registration, existing AD bank name, and recent export invoices. After KYC clearance, the account is activated. The exporter then shares the new bank's SWIFT details with the US client, and the first inward remittance is logged by the second bank directly in EDPMS under the same IEC.

<a></a>Documents Required to Add a Second AD Bank

The documents required to add a second AD bank for export receipts typically include your IEC, PAN and business registration documents, KYC documents, GST registration certificate, existing AD bank details, recent export invoices or shipping bills, bank-specific FEMA declarations, and a board resolution if you are a company.

Treat this as a standard checklist to carry when you approach a new AD bank. The exact list varies by bank, and the bank's trade desk may ask for additional documents based on its internal policy.

<a></a>What Happens to Your Existing Export Transactions?

Your existing export transactions stay with your first AD bank. Shipping bills and transactions already linked to that bank remain there unless you formally request a transfer to the new bank, and payments still pending against invoices already declared through it should keep coming in through that bank. Once the second account is active, you can route new transactions through it.

The first bank keeps its responsibilities: It continues to handle EDPMS closure and FIRC issuance for all transactions routed through it. Changing the receiving bank mid-transaction for an already-declared shipping bill leaves the EDPMS entry open until both banks reconcile it, which complicates realization tracking.

Outstanding proceeds stay monitored: The first AD bank keeps monitoring outstanding export proceeds (payments not yet realized) in EDPMS until they are received and the entry is closed.

Two separate timelines: The EDF filing deadline and the payment realization period are separate. Filing on time does not mean the payment has been received.

Realization period: Under the amended FEMA export framework (effective 1 October 2026), export proceeds must generally be realized and repatriated to India within 9 months from the date of shipment (for goods) or from the date of invoice (for services). For exports invoiced or settled in INR, the applicable period is 12 months. These timelines apply regardless of which AD bank the payment is routed through.

New transactions: You can route new transactions through the second AD bank from the date the account is active. The second bank logs these fresh inward remittances in EDPMS under the same IEC, independently of the first bank's entries.

The Export Declaration Form (EDF): The Export Declaration Form (EDF) is the mandatory declaration used to report the full value and key details of an export under FEMA. For goods exported through an EDI port, the EDF is deemed submitted as part of the shipping bill. The AD bank named in the shipping bill or EDF is responsible for monitoring that transaction's realization in EDPMS.

<a></a>How to Manage Export Transactions With Two AD Banks

To manage export transactions with two AD banks, give each bank a defined role, remember that each bank issues FIRCs only for payments received through its own accounts, keep a separate internal log, tell each foreign buyer which bank details to use, and keep both banks updated on changes to your IEC, address or signatories.

Assign each bank a defined role: For example, one bank handles all USD receipts from North American clients, and the second handles EUR receipts from European clients. This makes EDPMS tracking, FIRC matching, and eBRC generation cleaner and less error-prone.

Expect separate FIRCs, one eBRC portal: Each AD bank issues its own FIRC only for payments received through its own accounts. If a payment from client A lands in Bank 1, Bank 1 issues the FIRC for that transaction. Both banks report their inward remittances to the DGFT portal under your IEC, so you generate eBRCs for payments from either bank in one place.

Keep a separate internal log: Record the invoice number, client name, bank routed through, amount, date received, and EDPMS entry status. Without this, reconciling which payments have been realized and which entries are still open in EDPMS becomes difficult at audit or eBRC generation time.

Tell each buyer which bank to use: Inform each foreign buyer explicitly which bank account and SWIFT details to use for each invoice. A buyer who sends a payment to the wrong bank causes an EDPMS entry mismatch. The shipping bill is linked to one bank, but the payment arrives at another, which requires manual intervention and can trigger a compliance follow-up.

Update both banks on changes: Both AD banks must be kept updated when there are changes to your IEC, business address, or authorized signatories. Exporters often manage this at the primary bank and overlook it at the second.

If splitting FIRC and EDPMS responsibilities across two banks sounds like more coordination than you want, Skydo offers another way to receive international payments with clean, trackable records. It provides free virtual accounts in USD, EUR, GBP, SGD, AUD, and CAD, so you can receive from buyers paying in different currencies through one platform without needing two AD banks to cover different currencies.

Every transaction comes with a free FIRA certificate, and settlements reach your Indian bank account within 1 working day. Skydo also offers eBRC closure assistance: you link your DGFT account once and bulk upload shipping bills to auto-map IRMs and generate eBRC in a click, which removes the manual follow-up with multiple bank relationship managers.

<a></a>Can You Change Your AD Bank Instead of Adding a Second One?

Changing your AD bank means moving all your export banking, including EDPMS responsibilities, pending realization tracking, and future FIRC issuance, from one bank to another. Adding a second AD bank means both banks coexist, each handling the transactions routed through it.

Switching makes more sense when your existing AD bank consistently underperforms on rates, service, or settlement speed and you do not want to manage two banking relationships going forward. Adding a second bank makes more sense when you want to keep the first relationship for existing clients while routing new clients or currencies through a different bank.

Existing transactions stay tied to the first bank: Shipping bills declared, invoices raised, and EDPMS entries already logged are tied to the first AD bank. That bank must still close those entries even after you stop routing new transactions through it, so you may still need to deal with it until every outstanding entry is realized and closed.

Pending payments should not be redirected on their own: Pending export payments against invoices already in EDPMS under the first bank should still arrive through that bank. If you want them to land at the new bank, first ask both banks to transfer those shipping bills in EDPMS. Redirecting buyers without that step leaves entries open and needs manual reconciliation.

Both banks run in parallel for a period: During a switch, the new bank handles all fresh transactions while the old bank winds down open entries. This overlap is operationally similar to running two AD banks, which is why many exporters choose to simply add a second bank rather than attempt a full switch.

Service fees continue at both banks: Banks charge service fees for handling inward remittances, issuing FIRCs, processing export declarations, and closing EDPMS entries. These continue to apply at both banks during any transition period.

<a></a>Compliance Requirements for Using a Second AD Bank

RBI does not prohibit using two AD banks under the same IEC. The compliance obligation sits with you: every inward remittance must be reported in EDPMS, each payment should reach the bank linked to its shipping bill or invoice declaration, and export proceeds must be realized within 9 months from the date of shipment (goods) or invoice date (services), or 12 months if invoiced or settled in INR.

EDPMS reporting for both banks: Every inward foreign remittance received through either AD bank must be reported in EDPMS. Each bank logs only the transactions routed through its own accounts. Your IEC ties both sets of records together, but RBI sees them as separate entries under that IEC.

Realization period: The 9-month period applies under the amended FEMA framework effective 1 October 2026. The deadline applies per transaction, regardless of which AD bank receives the payment.

Right payment, right bank: You are responsible for making sure each payment reaches the correct AD bank, meaning the one linked to the specific shipping bill or invoice declaration. A payment arriving at the wrong bank does not automatically close the entry logged at the other bank. It needs a FIRC from the receiving bank and approval from the declaring bank, or a transfer of the shipping bill, before the entry can be closed.

FIRCs are bank-specific, eBRCs are yours to generate: Each bank issues FIRCs only for remittances it receives. You generate eBRCs on the DGFT portal by matching inward remittances reported by either bank against your shipping bills or invoices, transaction by transaction.

Records at both banks and on your side: Both AD banks must maintain their own FEMA-compliant records for the transactions they handle. You must keep matching internal records covering invoice, remittance received, bank, amount, date, and EDPMS status, to support any RBI or tax authority review.

AD code must match the bank (goods exporters): If you use two AD banks, the AD code quoted on each shipping bill must belong to the bank through which the proceeds for that shipment will be received. Using the wrong AD code creates a downstream mismatch in EDPMS.

eBRC on the DGFT portal: Both banks push the inward remittances they receive to the DGFT portal, mapped to your PAN. You link your DGFT account once and see remittances from both banks there. There is no separate DGFT linkage to set up with each bank.

<a></a>How Skydo Can Help You Receive Export Payments

Running two AD banks means separate EDPMS entries, separate FIRC tracking, and matching each payment to the right bank for every invoice. Skydo offers a way to receive international payments with less of that operational overhead.

Six currencies: Skydo provides free virtual accounts in USD, EUR, GBP, SGD, AUD, and CAD. You can share the relevant virtual account details with foreign buyers across different currencies without needing a separate AD bank for each currency.

Free FIRA certificate: Every transaction comes with a free FIRA certificate, the remittance record you need for GST zero-rating, income tax documentation, and export compliance. No RM calls, no chasing.

Settlement within 1 working day: Settlements arrive in your Indian bank account within 1 working day, with predictable timelines. You always know when a payment has landed and can match it to the correct invoice immediately.

Flat, transparent pricing: Pricing is $19 for transactions under $2,000, $29 for 10,000, and 0.3% for amounts above $10,000. There are no monthly fees, and charges apply only when a transaction happens.

eBRC closure assistance: Link your DGFT account once, then bulk upload shipping bills to auto-map IRMs and generate eBRC in a click. This removes the manual coordination that typically requires follow-up with multiple bank relationship managers.

Quick setup and India-based support: Setup takes 10–15 minutes. India-based support is available via WhatsApp, call, and text, with no global queue.