How Do You Receive QAR (Qatari Riyal) Payments in India in 2026?

The table ranks platforms with full published pricing for QAR by the INR received on QAR 5,000, then lists other business platforms that accept QAR, unranked. Fees were checked on 30 Sept 2026 or later.

The real QAR to INR rate is the mid-market rate, the midpoint between buying and selling prices. Banks apply a TT buying rate below it, and card and platform rates add their own margin. For example, at an example mid-market rate of ₹24.00, a rate of ₹23.70 on QAR 10,000 pays ₹3,000 less. See what the mid-market rate means.

Today's rate, its history and every platform's payout are on the QAR 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 ₹26.06 per QAR for 3 Nov 2026.

Yes, a person resident in India can hold export earnings in an EEFC account with an AD bank. Up to 100 percent of foreign exchange earnings received through normal banking channels, other than loans or investments, may be credited. The account pays no interest. Ask your AD bank whether it offers QAR as an EEFC currency.

• Eligibility: Any person resident in India with foreign exchange earnings can open an EEFC account under Schedule I to FEMA 10(R), as set out in para 3.1 of the Master Direction on Deposits and Accounts. See EEFC account benefits.
• Conversion rule: The Master Direction says monthly accruals should be converted into rupees by the last day of the next month, after adjusting for approved uses or forward commitments (para 3.1(6)). Ask your AD bank how it applies this.
• Uses: Balances can pay for current and capital account transactions abroad, and rupee withdrawals are allowed but cannot be credited back (para 3.1(2) and (3)).
• Alternatives: If your bank does not hold QAR, you can ask the Qatari client to pay in US dollars into a USD EEFC account, or convert each QAR receipt to rupees on arrival.

• Spot: Convert QAR to INR on the day the money arrives at the rate your bank or provider quotes. This is the simplest option and leaves you open to rate moves between invoice and payment.
• Forward contract: Book a forward with your AD bank against a real QAR export exposure. The amount and tenor cannot exceed the exposure under para 2.4 of the Master Direction on Risk Management. QAR-INR is not among the currency pairs permitted on Indian stock exchanges under para 3.2. See RBI hedging rules for exporters.
• Limit order: Some banks and providers let you set a target QAR to INR rate and convert automatically when it is reached. RBI does not set a standard product for this, so check availability and charges with your bank.
• Natural hedge: If you pay QAR costs such as Qatari contractors or travel, you can keep the earnings in an EEFC account and pay those costs from it, as payments abroad are permitted debits under para 3.1(2).

QAR receipts follow the same export rules as any foreign currency. Qatar is not an ACU member, so payment may come in rupees or any foreign currency through an authorised bank. Since 1 October 2026, the FEMA (Export and Import of Goods and Services) Regulations, 2026 set realisation at nine months and require an EDF.

• Purpose code: Choose the code that matches the service, such as P0802 'Software consultancy/implementation (other than those covered in SOFTEX form)' or P1006 'Business and management consultancy and public relations services' from the RBI purpose code list. See P0802 purpose code.
• EDF: Service exporters file an EDF within 30 days from the end of the invoice month under Regulation 3(2). The EDF replaced SOFTEX for software from 1 October 2026 under A.P. (DIR Series) Circular No. 20. See EDF form for exports.
• Realisation: The full export value must be realised within nine months of the invoice date, or 12 months if invoiced or settled in INR, under Regulation 5. See export realisation period.
• EDPMS: For invoices up to ₹10 lakh, your AD bank may close the EDPMS entry on your declaration under Regulation 4(2).
• FIRA: FIRA is not a term defined in RBI rules. For a GST refund on exported services, Rule 89(2)(c) asks for the relevant Bank Realisation Certificates or Foreign Inward Remittance Certificates. See what FIRA means.

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 XE live mid-market rates, dated 3 Nov 2026. The method is on the methodology page.

1. Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (FEMA 23(R)/2026-RB), Regulation 3(2) EDF for services within 30 days from end of invoice month; Regulation 4(2) EDPMS closure on declaration up to ₹10 lakh; Regulation 5 nine months, twelve months if invoiced or settled in INR; AD bank may extend (checked 8 Oct 2026)
2. A.P. (DIR Series) Circular No. 20 dated 16 January 2026, Supersedes the Master Direction on Export of Goods and Services and the SOFTEX circulars from 1 October 2026 (checked 8 Oct 2026)
3. Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, Regulation 3(2)(I)(a)(iii): countries other than ACU members, in Indian Rupees or in any foreign currency, through an Authorised Bank or Authorised Person (checked 8 Oct 2026)
4. RBI Master Direction - Deposits and Accounts, Para 3.1 EEFC account: credits of 100 percent of foreign exchange earnings; permitted debits; rupee withdrawals not re-credited; non-interest bearing; monthly accruals converted by end of next month after approved uses or forward commitments (checked 8 Oct 2026)
5. RBI Master Direction - Risk Management and Inter-Bank Dealings, Para 2.4(i) notional and tenor not to exceed exposure; para 3.2(ii) exchange-traded pairs USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, GBP-USD, USD-JPY (checked 8 Oct 2026)
6. RBI Master Direction on Regulation of Payment Aggregators, Para 3(ii) PA-CB definition and note: card transaction where FX settlement is facilitated by a card network and the aggregator receives local currency is not PA-CB activity; PA-CB maximum value per inward or outward transaction ₹25 lakh; PA-CB to provide documents for EDPMS closure; credit to merchant's account as per PA-merchant agreement, which must mention settlement timelines (checked 8 Oct 2026)
7. 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)
8. CGST Rules, Rule 89, Rule 89(2)(c): for refund on export of services, a statement of invoices and the relevant Bank Realisation Certificates or Foreign Inward Remittance Certificates (checked 8 Oct 2026)
9. IGST Act, 2017, Section 16, Section 16(1)(a) export of services is a zero rated supply; 16(3) supply under bond or LUT without payment of integrated tax (checked 8 Oct 2026)
10. CGST Rules, Rule 96A, Rule 96A(1): bond or Letter of Undertaking in FORM GST RFD-11 furnished prior to export (checked 8 Oct 2026)
11. Qatar Central Bank: Retail Payment Systems, Fawran (2024): instant transfers between bank accounts within banks in Qatar, 24/7, identifiers mobile number, alias, IBAN; corporates by establishment ID, commercial registration, commercial licence. Tahweel (2010): transfers between bank accounts within banks in Qatar, IBAN, bulk transfers. NAPS (1996): debit and prepaid card transactions on ATM, POS and e-commerce terminals in Qatar, GCC countries and Egypt. QPAY (2005): cards issued by banks in Qatar for e-commerce with merchants in Qatar (checked 8 Oct 2026)
12. Qatar Central Bank: Monetary Policy Tools, Fixed parity between the Qatari riyal (QR) and the US dollar at QR 3.64 per USD; objective to keep the QR stable against the USD (checked 8 Oct 2026)
13. RBI circular on timely credit of inward remittances (9 April 2026), Banks shall endeavour to credit inward payments received during forex market hours within the same business day, after-hours on the next business day, subject to FEMA; inform customers on receipt; effective six months from the circular date (checked 8 Oct 2026)
14. General Tax Authority (Qatar): Taxes in Qatar, Withholding Tax, Royalties, interest, commissions and fees for services rendered in whole or in part in Qatar, paid to non-residents for activities unrelated to a PE in Qatar, are subject to a final deduction at source of 5% (Article 9(2) of Income Tax Law No. 24 of 2018) (checked 8 Oct 2026)
15. Income Tax Department: India-Qatar Comprehensive Agreement (DTAA), Official listing of the India-Qatar comprehensive agreement for avoidance of double taxation; treaty relief can limit tax charged in Qatar (page is JS-rendered; article-level details not re-verified in this check) (checked 8 Oct 2026)
16. 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)
17. Skydo homepage (pricing and fee calculator), Know what you pay; calculator showing GST 18% of transaction fee (checked 6 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. HDFC Bank: Remittance Services Fees & Charges, Inward Remittance Charge: No Charge; FIRC Charge for Inward Remittance & FCY Cheque Collection INR 200 per FIRC; GST slabs on amount of currency exchanged (checked 6 Oct 2026)
20. 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)
21. Winvesta FAQ: What are the charges for the global collections account?, Up to 2,000 a month: 0.99% + a small fixed fee; 2,000-100,000 a month: custom pricing; above 100,000 a month: flat 0.2%; USD Collections: $3 + 0.99%; 18% GST will be levied on Winvesta fees for every non-JPMC account (checked 7 Oct 2026)
22. Cashfree Docs: Global Collections overview (checked 6 Oct 2026)
23. SBI: Charges for retail inward and outward remittance transactions, Charges for retail inward remittance transactions: Rs.50/- per transaction + GST as on 02.06.2026 (checked 7 Oct 2026)