FIRS Automated Process
Know about FIRS certificate, why you need it and how to obtain it from the Razorpay Dashboard.
FIRS Certificate is a document that acts as evidence that you have received funds from a foreign country. The document is recognised as proof in scenarios such as getting GST refunds, claiming drawbacks from the government, or being required by beneficiary banks for compliance purposes. You can now generate FIRS from your Razorpay Dashboard.
Watch Out!
It is important to update your Purpose code to generate FIRS Certificates.
Follow the steps to update your purpose code:
-
Log into the
and navigate to Accounts & Settings. -
Click International Payment Codes under International payment settings.
-
Update your purpose code under the International Payment Codes section.
Handy Tips
If you do not find your Transaction Purpose Code in the
, contact the from your Dashboard. -
The Razorpay Activation/Operations team checks whether the selected Purpose Code is correct.
All new and existing Razorpay users accepting international payments can easily obtain the FIRS certificate on the Razorpay Dashboard in a downloadable format.
To generate FIRS certificate:
-
Log into the
and navigate to Accounts & Settings. -
Under International payment settings click Foreign inward remittance statement (FIRS).
-
You can view a list of FIRS certificates based on your monthly transactions in a downloadable format.
-
There are two sections:
-
The FIRS certificates provided by the bank.
-
Razorpay-generated statements.
Handy Tips
Razorpay-generated statements act as an alternative to FIRS certificates provided by banks.
- If the FIRS is not generated from the bank or you need a consolidated list of FIRS, click on Request for Razorpay Statement.
Handy Tips
Generating reports can take upto 1 hour.
- You can view or download the FIRS certificate from your Razorpay Dashboard.
Was this page helpful?
ON THIS PAGE