How to get FIRC from PayPal

PayPal does not generate a Foreign Inward Remittance Certificate (FIRC) because it is a third-party payment processor, not a bank. When you withdraw funds from PayPal to your Indian bank account, the money is routed through intermediary banks, and the remittance details often lack the clarity Indian banks need to issue an FIRC. To get FIRC certificate online, you need to receive payments directly into your Indian bank account via channels that comply with RBI reporting standards.

Skydo, an RBI-authorised cross-border payments platform, solves this problem by depositing international payments directly into your bank account with full remittance documentation, making FIRC issuance straightforward. Direct bank transfers via SWIFT also generate FIRCs, though they can be slower and more expensive. If you have already received PayPal funds, you can request a transaction statement from PayPal and approach your bank, but success is not guaranteed since the remitter details may not meet FIRC requirements.