Explore the purpose code list for inward remittance with ICICI Bank. Sriya Enterprise provides expert guidance on financial transactions and compliance. Purpose codes are used to specify the reason for inward remittances in banking transactions. These codes help in categorizing payments accurately for regulatory and reporting purposes. The purpose code list for ICICI Bank includes various codes for different types of remittances such as payment for imports, investments, and personal remittances. Understanding these codes ensures proper documentation and compliance with financial regulations. Sriya Enterprise offers support in navigating purpose codes and maintaining accurate financial records.
Factor’ has been derived from the Latin word ‘Facere’ which means ‘to make or to do’. According to Webster's Dictionary, ‘Factor’1 is an agent, as a banking or insurance company, engaged in financing the operations of certain companies or in…
