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What is e-FIRC?

The term is used to denote an FIRC which is issued by a bank in EDPMS. An e-FIRC is issued in EDPMS after the Inward Remittance (IRM) has been uploaded into EDPMS. IRM will be uploaded by the bank where the funds have been credited into a customer’s account. An e-FIRC facilitates adjustment of export documents handled by the bank (A) against the IRM reported by bank (B). For all export related remittances settled after June 20, 2016, banks will not issue a physical FIRC.