How Do You Receive CNY (Chinese Yuan) Payments in India in 2026?

The table ranks platforms with full published pricing for CNY by the INR received on CNY 33,000, then lists other business platforms that accept CNY, unranked. Fees were checked on 30 Sept 2026 or later.

The real CNY rate is the rupee amount you receive after all margins. The RBI exchange rates panel shows no FBIL rate for CNY. Banks often price yuan through US dollars, and providers may add a margin. For example, if the mid-market rate were Rs 13.50 per yuan and you got Rs 13.30, that example markup is about 1.5%.

Today's rate, its history and every platform's payout are on the CNY to INR rate page.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹14.18 per CNY for 4 Nov 2026.

Indian residents can hold export earnings in an Exchange Earner's Foreign Currency (EEFC) account with an AD bank. Up to 100% of export and professional earnings can be credited under the RBI Master Direction on Deposits and Accounts, paragraph 3.1. The account pays no interest. Check whether your bank offers EEFC accounts in CNY.

• Who qualifies: A person resident in India receiving foreign exchange earnings through normal banking channels, including exporters and professionals earning fees in an individual capacity, under paragraph 3.1.
• Conversion rule: Each calendar month's accruals should be converted into rupees by the last day of the next month, after adjusting for approved uses or forward commitments. Ask your AD bank how it applies paragraph 3.1.
• Uses: Balances can pay for permitted current and capital account transactions abroad, so yuan can settle costs such as Chinese suppliers or trade fairs. Credit facilities against EEFC balances are not allowed under paragraph 3.1.
• Alternatives: If your bank does not hold yuan, it may convert CNY to INR on arrival or credit a USD EEFC account. Some providers of local yuan details may let you keep a balance before payout.

• Spot: Convert each CNY receipt at the rate on the day it arrives. This is simple and suits small, regular invoices.
• Forward contract: Fix a rate today for a future CNY receipt with your AD bank. The hedge cannot exceed the value or tenor of the export exposure under RBI Master Direction on Risk Management and Inter-Bank Dealings, paragraph 2.4. Ask your bank whether it quotes CNY/INR forwards. See forward contracts for exporters.
• Limit order: Ask your bank or provider whether it can convert automatically when CNY reaches a rate you set, and what happens if the rate is never reached.
• Natural hedge: Keep CNY in an EEFC account where your bank offers one, and use it for yuan costs such as Chinese suppliers or travel, so less needs converting.

A CNY export receipt follows the same rules as any foreign currency receipt. Payments from China, outside the Asian Clearing Union, may be in rupees or any foreign currency under the FEMA Manner of Receipt and Payment Regulations, 2023. You need a purpose code, proof of receipt and, for services, an EDF.

• Purpose code: Each inward remittance carries an RBI purpose code from the FETERS purpose code list. For example, P0802 is "Software consultancy/implementation (other than those covered in SOFTEX form)" and P1006 is "Business and management consultancy and public relations services".
• EDF: From 1 October 2026, service exporters file an Export Declaration Form within 30 days from the end of the invoice month under Regulation 3(2) of the FEMA Export and Import Regulations, 2026. The EDF replaces SOFTEX, as A.P. (DIR Series) Circular No. 20 superseded the SOFTEX circulars.
• Realisation: Export value must be realised within nine months, or twelve months if invoiced or settled in rupees, under Regulation 5 as amended on 22 September 2026. Your AD bank may extend this.
• FIRA: FIRA is not a term defined in FEMA or the 2026 Regulations. It is a bank or provider advice confirming the credit, and you keep it as proof of export receipt.
• PA-CB safety: Card and online checkout providers must be RBI-authorised PA-CBs. They hold export proceeds in a separate Inward Collection Account per currency, with a Rs 25 lakh cap per transaction, under the RBI Master Direction on Payment Aggregators, paragraphs 11 and 16.

Rules and rails are linked to official sources below with the dates they were checked. Platform figures come from each platform's own pages, checked on 30 Sept 2026 or later, and RBI authorisation was checked against RBI's published list. Rates are European Central Bank reference rates (via frankfurter.dev), dated 4 Nov 2026. The method is on the methodology page.

1. Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, Notification No. FEMA 23(R)/2026-RB, Regulation 3(2): EDF for services within 30 days from the end of the month of invoice; Regulation 5(1): realisation period for exports, AD bank may extend (checked 8 Oct 2026)
2. RBI Notification No. FEMA 23(R)/(1)/2026-RB dated 22 September 2026: Amendment Regulations, In regulation 5(1), 'fifteen months' replaced by 'nine months' and 'eighteen months' by 'twelve months'; in force from 1 October 2026 (checked 8 Oct 2026)
3. RBI A.P. (DIR Series) Circular No. 20, RBI/2025-26/194: Export and Import of Goods and Services (16 January 2026), Supersedes the Master Direction on Export and listed circulars, including the SOFTEX circulars, from 1 October 2026 (checked 8 Oct 2026)
4. Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, Notification No. FEMA 14(R)/2023-RB, Reg 3(2): receipts through an Authorised Bank or Authorised Person; for countries outside the ACU, receipt in INR or any foreign currency (checked 8 Oct 2026)
5. RBI Master Direction - Deposits and Accounts, Paragraph 3.1: EEFC account; 100 percent of foreign exchange earnings may be credited; non-interest bearing; accruals of a calendar month converted to INR by the last day of the succeeding month after approved uses; no credit facilities against EEFC balances (checked 8 Oct 2026)
6. RBI Master Direction on Regulation of Payment Aggregator (PA), RBI/DPSS/2025-26/141, Paragraph 11(d): maximum Rs 25 lakh per transaction for PA-CB; 11(h): documents for EDPMS closure; 16(a) and Table 1: Inward Collection Account, separate account for each non-INR currency (checked 8 Oct 2026)
7. RBI Master Direction - Money Transfer Service Scheme, Only cross-border personal remittances such as family maintenance are allowed; trade related remittances shall not be made through this arrangement (checked 8 Oct 2026)
8. RBI A.P. (DIR Series) Circular No. 84 (2012), FETERS purpose codes for receipts, P0802 Software consultancy/implementation (other than those covered in SOFTEX form); P0807 Off site software exports; P1006 Business and management consultancy and public relations services (checked 8 Oct 2026)
9. RBI Master Direction: Risk Management and Inter-Bank Dealings, Part A, Section I, paragraph 2.4(i): hedge not to exceed the value and tenor of the underlying exposure (checked 8 Oct 2026)
10. Reserve Bank of India home page: Exchange Rates panel, Exchange Rates (Source: FBIL): INR / 1 USD, INR / 1 GBP, INR / 1 EUR, INR / 100 JPY, INR / 1 AED, INR / 10000 IDR; no CNY rate listed (as at 1.00pm of 8 October 2026) (checked 8 Oct 2026)
11. Integrated Goods and Services Tax Act, 2017, section 2 (CBIC tax information portal), Section 2(6): five conditions for export of services, including payment in convertible foreign exchange or INR where permitted by RBI (checked 8 Oct 2026)
12. Integrated Goods and Services Tax Act, 2017, section 16: Zero rated supply (CBIC tax information portal), Section 16(1): export of services is a zero-rated supply; section 16(3): supply under bond or LUT without payment of IGST (checked 8 Oct 2026)
13. Central Goods and Services Tax Rules, 2017, Rule 96A (CBIC tax information portal), Export of services without payment of IGST under a Letter of Undertaking in Form GST RFD-11 (checked 8 Oct 2026)
14. India-China Comprehensive Agreement for avoidance of double taxation (Income Tax Department), Article 12(2): tax not to exceed 10 per cent of the gross amount of royalties or fees for technical services; Article 23(2): India deducts from Indian tax an amount equal to the income tax paid in China (checked 8 Oct 2026)
15. People's Bank of China: Payment systems, China's payment systems include HVPS, BEPS, IBPS, China foreign exchange payment system and the Cross-border Interbank Payment System (CIPS) (checked 8 Oct 2026)
16. CIPS: Know CIPS, CIPS is a wholesale payment system dedicated to RMB cross-border payment and settlement, as approved by the PBC; operates on a 5x24-hour plus 4-hour basis; supports RMB remittance (checked 8 Oct 2026)
17. SAFE and State Taxation Administration Announcement No. 40 [2013] on tax recordation for outward payments under service trade, Article 1: a single outward payment of more than USD 50,000 equivalent for service trade needs tax recordation (checked 8 Oct 2026)
18. SAFE: catalogue of foreign exchange regulations in effect, Announcement No. 40 [2013] in effect, with some provisions repealed by Announcement No. 19 [2021] (checked 8 Oct 2026)
19. SAFE: trade-related foreign exchange administration, Banks handle trade-related foreign exchange receipts and payments after confirming the authenticity and reasonableness of the transactions (checked 8 Oct 2026)
20. Hong Kong Monetary Authority: Payment Systems, Hong Kong's payment systems allow interbank transfers in the Hong Kong dollar, US dollar, euro and renminbi; the Renminbi RTGS system (renminbi CHATS) has Bank of China (Hong Kong) as Clearing Bank, which maintains a settlement account with the People's Bank of China (checked 8 Oct 2026)
21. Skydo homepage (pricing and fee calculator), Know what you pay; calculator showing GST 18% of transaction fee (checked 6 Oct 2026)
22. Razorpay MoneySaver Export Account (International Bank Transfers) pricing, Standard Plan: 0% FX markup, 1% fee, FlashLinks 2%, GST applicable, flat fee of INR 1,000 on transactions below INR 1,00,000, setup and AMC INR 0 (checked 6 Oct 2026)
23. Stripe India pricing, International cards with USD/other currency presentment 4.3% + 2% if currency conversion is required; Mastercard and Visa cards issued outside India 3% + 2%; American Express outside India 3.5% + 2%; dispute received INR 1,000.00 (checked 7 Oct 2026)
24. Kotak Everyday Savings Account fees and charges, Foreign Inward Remittance certificate (Branch Request) INR 100/Request; GST on Foreign Currency Conversion; fees exclusive of GST (checked 6 Oct 2026)
25. Airwallex Help: Eligible Countries and Territories, INDIA IN - AWX Legal Entity SINGAPORE (checked 7 Oct 2026)
26. Axis Bank: Inward Remittances (Business Banking) (checked 6 Oct 2026)
27. Currenxie Pricing, Collect local payments USD 0.75 per transfer; Send local payments (... India ...) USD 3.00 per transfer; Tier 3 (... INR ...) 0.50% (checked 7 Oct 2026)
28. ICICI Bank - Inward trade remittances, Receive remittances in 24+ currencies; BIRC for export proceeds, FIRC for FDI/FII on request; funds credited within 1 hour of disposal instruction and documents (checked 7 Oct 2026)