RBI purpose code · Money paid abroad (outward)

S0011: Loans extended to non-residents

Short answer. S0011 is the RBI purpose code for money paid abroad: loans extended to non-residents. It is reported to RBI under the code but settles no invoice or customs document. It goes on Form A2, with no Form 145 or 146 (specified list).

Direction
Money paid abroad (outward)
RBI head
00 · Investment, loans and other capital
Bank application
Form A2
Form 145 / 146
Not needed: on the specified list.
Income tax
Specified list
GST
Usually outside GST
Reporting
Capital account
In FxLayer
Recorded and reported only: it links to no invoice or customs document, and never shows as unallocated.

When to use S0011

Use S0011 for money paid abroad: loans extended to non-residents. It sits under RBI head 00, investment, loans and other capital.

A recorded-only code: it is not for paying for goods or services, which have codes of their own.

The same purpose in the other direction is P0011: Repayment of loans extended to non-residents (money received).

Form A1 or Form A2

Form A2: the application for every payment abroad other than for goods imported into India. The bank may ask for the documents behind the payment and, unless the code is on the specified list, for Form 145.

Income tax

S0011 is on the specified list in Rule 220(3) of the Income-tax Rules, 2026: neither Form 145 nor Form 146 is needed, and no tax is withheld.

Form 145 / 146: Not needed: on the specified list.

GST

Capital, loans, gifts, claims, salaries and dividends are not supplies of goods or services, and interest on loans and deposits is exempt. Ask your CA where a fee is bundled with the transfer.

Reporting and closure

A capital account transaction. It follows FEMA's capital account rules: the Overseas Investment Rules and Regulations, 2022 for Indian investment abroad, the Non-debt Instruments Rules, 2019 for foreign investment into India, and the external commercial borrowing and trade credit framework for loans, each with its own filing (for example Form ODI, FC-GPR or ECB-2).

Questions

Form A2: the application for every payment abroad other than for goods imported into India. The bank may ask for the documents behind the payment and, unless the code is on the specified list, for Form 145.
S0011 is on the specified list in Rule 220(3) of the Income-tax Rules, 2026: neither Form 145 nor Form 146 is needed, and no tax is withheld. Form 145 / 146: Not needed: on the specified list.
Capital, loans, gifts, claims, salaries and dividends are not supplies of goods or services, and interest on loans and deposits is exempt. Ask your CA where a fee is bundled with the transfer.

Guides

General information on RBI purpose codes and the FEMA, income-tax and GST rules as they stood on 14 October 2026. It is not legal or tax advice: confirm the position for your payment with your AD bank or your chartered accountant before acting.