11 July 2013
When you receive funds from out of India , these will be credited to your account in Indian currency. Your banker will arrange for a certificate (FIRC) which contains the following details : original currency / equivalent indian currency / transferor bank etc., As a procedure, this Certificate will come to the address of the account holder. In case if you dont receive, you can contact the banker ( concerned executive who looks after RBI ) related works.
No need to submit Shipping Bill or B/L with request of FIRC. you can request to bank for issuance FIRC with reason for receipt of FC. As per RBI Guideline there are a time limit for submit these documents to Bank this is 180 days in case of Ship and 21 days in case of AIR.
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