Purpose code when withdrawing from Paasa?

SocialFinance Team 21
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Does anyone have any idea what purpose code applies when withdrawing from Paasa?
It would be inward remittance to Indian bank account

paasa foreign-investment
1 Answers

Inward Remittances (Receiving Funds from an Overseas Account to India)

• P0001: Repatriation / Return of Indian investment abroad in equity capital (shares) (e.g., selling or exiting foreign shares, LRS investment proceeds, or buybacks)
• P0002 — Repatriation of Indian investment abroad in debt securities, from the sale, redemption, or maturity of debt securities (such as foreign bonds, notes, or debt instruments) held abroad by an Indian resident or entity.

Pankaj Batra5302
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