How Do You Receive IDR (Indonesian Rupiah) Payments in India in 2026?

The table ranks platforms with full published pricing for IDR by the INR received on IDR 91,000,000, then lists other business platforms that accept IDR, unranked. Fees were checked on 30 Sept 2026 or later.

The real IDR rate is the rupee amount you receive after all margins. The mid-market rate has no margin, and Bank Indonesia publishes a daily INR/IDR reference rate. Banks and platforms pay less. For example, at an example rate of Rp185 per rupee, a Rp10,000,000 invoice is worth about ₹54,054, and a 2% margin leaves about ₹52,973.

Today's rate, its history and every platform's payout are on the IDR 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 ₹0.005233 per IDR for 2 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 RBI Master Direction on Deposits and Accounts, paragraph 3.1. The account pays no interest. Ask your AD bank whether it offers an EEFC account in IDR.

• 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: The Master Direction says the 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(6).
• Uses: Balances can pay for permitted current and capital account transactions abroad, so IDR could settle IDR costs. Credit facilities against EEFC balances are not allowed under paragraph 3.1(7).
• Alternatives: If your bank does not hold IDR, a provider of local IDR details may let you keep a rupiah balance before payout. Ask how the balance is held. The rupee credit in India still needs export documents.

• Spot: Convert each IDR 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 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 IDR forwards.
• Limit order: Ask your bank or provider whether it can convert automatically when IDR reaches a rate you set, and what happens if the rate is never reached.
• Natural hedge: Keep IDR where your bank or provider allows it and use it for IDR expenses such as Indonesian contractors, event fees or travel, so less needs converting. See what an EEFC account is.

An IDR export receipt follows the same rules as any foreign currency receipt. Indonesia is outside the Asian Clearing Union, so the FEMA Manner of Receipt and Payment Regulations, 2023 allow payment in rupees or any foreign currency, including IDR. You need a purpose code, proof of receipt and an EDF for each export.

• 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)".
• 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. Exporters of services other than software may file it on or before the payment date. 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. See export realisation period.
• 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. See what a FIRA is.
• INR-IDR framework: RBI and Bank Indonesia signed an MoU on 7 March 2024 to promote INR and IDR in cross-border transactions, covering all current account transactions. Ask your AD bank whether it offers IDR settlement under this framework.

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 2 Nov 2026. The method is on the methodology page.

1. RBI Notification No. FEMA 23(R)/2026-RB: Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, Regulation 3(2): EDF for services within 30 days from end of month of invoice; services other than software may submit on or before the date of receipt of payment; Regulation 5(1): realisation period; proviso lets the AD bank 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 dated 16 January 2026: Export and Import of Goods and Services, Master Directions on export and import and the SOFTEX circulars superseded from 1 October 2026 (checked 8 Oct 2026)
4. RBI: Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, Regulation 3(2): countries other than ACU members, in Indian Rupees or in any foreign currency (checked 8 Oct 2026)
5. RBI press release 2023-2024/2017: RBI and Bank Indonesia sign MoU to promote use of local currencies for bilateral transactions (7 March 2024), Framework to promote INR and IDR for cross-border transactions; covers all current account transactions and permissible capital account transactions; would enable exporters and importers to invoice and pay in their respective domestic currencies (checked 8 Oct 2026)
6. RBI Master Direction: Deposits and Accounts, Paragraph 3.1: EEFC account, credit of 100 percent of foreign exchange earnings; non-interest bearing; (6) accruals converted by last day of succeeding month; (7) no credit facilities against balances (checked 8 Oct 2026)
7. RBI Master Direction on Regulation of Payment Aggregator (PA), Paragraph 11(h): PA-CB provides documents for EDPMS closure; paragraph 16: Inward Collection Account (checked 8 Oct 2026)
8. RBI Master Direction: Money Transfer Service Scheme, Only inward personal remittances permitted; trade related remittances not allowed; cap of USD 2,500 per remittance (checked 8 Oct 2026)
9. 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); P1006 Business and management consultancy and public relations services (checked 8 Oct 2026)
10. RBI Master Direction: Risk Management and Inter-Bank Dealings, Part A, Section I, paragraph 2.4(i): hedge not to exceed value and tenor of exposure (checked 8 Oct 2026)
11. IGST Act, 2017, Section 2 (CBIC tax information portal), Section 2(6)(iv): payment received in convertible foreign exchange or in Indian rupees wherever permitted by RBI (checked 8 Oct 2026)
12. IGST Act, 2017, Section 16: Zero rated supply (CBIC tax information portal), Section 16(1)(a) and 16(3): export of services is zero rated; supply under bond or LUT without payment of IGST (checked 8 Oct 2026)
13. CGST Rules, 2017, Rule 96A: Export under bond or Letter of Undertaking (CBIC tax information portal), Rule 96A(1): LUT in FORM GST RFD-11 furnished prior to export (checked 8 Oct 2026)
14. Bank Indonesia: Retail payment system infrastructure (BI-FAST and SKNBI), BI-FAST operational 24/7, real-time at bank and customer levels; SKNBI funds transfer maximum customer fee Rp3.500; 9 settlement windows from 08.00 to 16.45 WIB (checked 8 Oct 2026)
15. Bank Indonesia: Non-USD/IDR Reference Rate, Non-USD/IDR reference rates published daily for currencies including INR, SGD, MYR and CNY; INR 1 = IDR 184.86 on 8 October 2026 (checked 8 Oct 2026)
16. Direktorat Jenderal Pajak: PPh Pasal 26, PPh 26 rate is 20% of gross income for fees for services paid to non-residents; treaty rate may be used where the non-resident provides Form DGT (checked 8 Oct 2026)
17. India-Indonesia Double Taxation Avoidance Agreement (Income Tax Department), Article 12(2): royalties and fees for technical services taxable in the source state up to 10 percent of the gross amount (checked 8 Oct 2026)
18. 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)
19. PingPong India home, Digital FIRCs in your PingPong dashboard. Free of cost; All fee charges are shown on the account dashboard (checked 7 Oct 2026)
20. Cashfree Docs: Global Collections overview (checked 6 Oct 2026)
21. Tazapay Pricing, Global Collection Accounts: *Contact sales; Global Cards 3.8% + USD 0.5; APMs 0.8%-2.5%; FIRC (India) USD 4; Custom tier: Volume-Based Discounts, Payment Method-Specific Rates, Customized FX (checked 7 Oct 2026)