12 Matching Annotations
  1. Mar 2024
  2. Feb 2024
    1. To update the purpose codes, follow these steps.

      This is redundant as you are explaining the update purpose code below in the page ,

      Let us add the point that , the purpose code selected will be applicable for all International transactions of the business

    2. Consult Financial Institutions: Seek guidance from your bank or financial institution to assist in selecting the appropriate purpose code.

      Replace : "Check RBI Purpose code list : Refer to the RBI's comprehensive list of purpose codes and their corresponding descriptions to choose the correct purpose code, you can check with your bank for the purpose code list"

    3. List of Purpose Codes
      • Lets add the RBI link as well somewhere in here
      • Add some section about the update of purpose code properly taking about this is mandatory to be filled during international enablement and then how to update
    4. The purpose codes are crucial for specifying the type of foreign currency transactions, and the RBI lists them to ensure proper categorization of international payments.
      • Lets add the context from an Indian govenrment perspective
      • Add the classification of export and Import purpose codes
      • Add where these purpose codes are used
  3. Aug 2023
    1. Razorpay-gen

      we should not mention explicitly on "Internal FIRS" , instead we should only call out that you can request and download Razorpay generated statements on alternatively until the bank FIRS is not avalable