You can ask a CA for this and they can guide you once you give them specifics

Software Engineer

https://support.upwork.com/hc/en-us/articles/11494386652179-Foreign-Inward-Remittance-Certificate-for-India-FIRC#:~:text=According%20to%20India's%20Goods%20and,hardcoded%20to%20P0103%20or%20P1006. Please see this. I suggest you find someone CA who has experience in with freelancers as the codes vary based on your use case

Principal Engineer

My bank HDFC, now wants to ask the purpose code after 1.5 years . I have no idea about this and the branch people are not helpful. What code do you use ? Please help, thank you.

Welcome to Software Engineers's Private Community

Remote devs what purpose code do you use for inward remittance?

Remote devs what purpose code do you use for inward remittance?- Grapevine

Welcome to IT Company Discussion's Private Community

So.. Around 2 years back I got my first payout of 50k as a referral bonus for a friend I referred to my company. 

Around same time.. My team had a few positions.. So i put it on linkedin and got a decent response.. Got another referral.. 

Next year.. I decided to scale it.. I started putting multiple posts on linkedin for positions across my company and started streaming the responses on google sheet. Having a big linkedin network of 20k helped. 

This year I scaled it to 4L a year... But then it all stopped after one fine day there was a HR circular to not undertake commercial level sourcing of profiles on linkedin.. And only refer ppl I know. 

It's a different matter that I could manage to source almost 20-40x more relevant profiles as compared to my HRs even with their third party agencies. More than half of my team members are my referrals :). 


While scaling this hustle.. This is what I learnt. 

1) You will get lots of spam.. I feel sry for some candidates .. But sometime even civil grads will apply for semiconductor jobs. 

2) Better to invite applications using a google form with proper filters.. Only serious ppl will apply. 

3) Do not refer everyone.. Reduce your effort and only refer candidates who have a chance. 

4) Engage with candidates, followup after interviews. 

5) Do not trust your employer will automatically honor referral payouts if you don't track.. I literally lost more than 2L coz of inefficient referral tracking system. 

6) Control your greed.. Even if you scale up.. Limit yourself to a decent no.. Say 2L a year.. Referral policy is for company's benifit.. They will shut you down one way or another if they find you are gaining. 

7) Handling it at scale is a lot of work.

What Using/misusing employee referral policy has taught me.

Never heard using referal as a side hustle. Great job

Data engineer

Welcome to Personal Finance's Private Community

What account did you choose to get your salary in and why?

Salary accounts?

Best FD option to invest in with 0 charges on breaking it anytime?

Best FD to invest with 0 charges.

Data Scientist

Welcome to News Discussion's Private Community

Hello All , 

I went on an international vacation and someone stole my credit card and did 2.5 L in INR worth of transactions . 

While I was checking in the hotel I received a mail and sms for 2 transactions which makes it 2.5L INR and 5 declined transactions of 4.8 L as the card declined the limit . I blocked the card  & approached the bank to raise a dispute.

I had reported this to my bank in under 4-5 hours of it happening I was told by the phone banking team that the  TAT is 90 days and I will get a temporary limit till the case is solved .
Simultaneously, I had reported the stolen of card and got a physical complaint to present it to the bank. 

Within 24 hours I received a mail from the bank that I have shared my pin and the person has used the card and also told me to make the payment to avoid the further charges.

The card was tap & pay mode where you don’t require a pin. Hence , the transaction went through. 

PS - I did take travel insurance and have spoken to them also but I am not sure whether it will work or not as the representative said we will look into and revert. 


I wrote a mail to RBI to help me in this matter , can someone suggest me what else can be done ? It is causing me unnecessary stress now.  What happens in the scenarios like this ?

CC stolen and transactions worth 2.5L done on it

Business Development

Hi,

I’m looking for an saving bank account to open online without need to go bank offline.

This is just to park some money for sometime, as if it’s main account I just keep spending it.

Main purpose is only to park some time and then once I get some lumpsum saved, around ~4/5L, will use it for any  investment or need spend at that time.

My main account currently which I use is Kotak and ICICI and I had used HDFC some years before but not using now. So I’m looking for some other bank account or the new age neo banks etc kind off with better return / rewards or offers but the core not to visit any bank offline for any purpose. 

Thanks

Which is best bank to open a online saving account ?

Consultant

Conversion fee 5,900₹ charge for converting from current 9.15% interest rate to 8.6%. “We offer you the option to reduce the rate of interest on your loan by opting for a revised spread in respect to your loan.”
Should this be done or it’s not beneficial?

Home loan people, what is conversion enquiry?

Welcome to Moving Abroad's Private Community

Hi everyone, for those of you who live or work in Dubai, Abu Dhabi, or anywhere in the UAE or outside India, how do you transfer money back to India?

What is the most effective way, and what are the charges associated with remittance?

Sending money from Dubai to India

Strategy Consulting

Welcome to Business Roles's Private Community

I’ve got a job as a fresher in HDFC as relationship manager, but I’ve no idea what they do or what my career will look like with this job. I’m a marketing student, always wanted a job in marketing and I don’t know how i’ll be able to work in a bank or in future will i be able to switch to marketing after working in bank?

What does a relationship manager actually does in a bank?

Seen enough posts about credit cards, thought it was time to ask about banks! 

I have a decently sizeable income and am anticipating more coming in USD in the coming months potentially. Earlier my family and I used to have priority accounts at Citibank (including one current account). Citi had good relationship managers and our issues were resolved on priority but ever since the merger, I feel Axis hasn't been that good. 

Which bank accounts do y'all have accounts in? Would want a bank where can establish good priority relationships etc with!

Best bank to have an account at?

Lawyer

Welcome to Banking & Finance's Private Community

Hi Everyone, 

I would like to know if there's a hiring freeze at HDFC Bank? 
Any Idea why the hiring is on hold and when it's gonna reinstate? 
Has anyone joined HDFC bank lately?

HDFC Bank

Hi, I'm a fresher. I want to know, are there any benefits of having a salaried account in a particular bank?
If so, which ones do you suggest would be the best one.
My office has a tie-up with HDFC bank.

Which bank for salaried account?

Super tired of these ICICI and HDFC people trying to sell me a CC, pre approved loan, give me investment advice. Have told them multiple times to put me on DND for any Marketing communication 

Help pls. Some plain old bank that keeps my money safe, gives me a debit card and a modest saving rate.

Suggest me a simple bank that does not want to sell me loans, credit cards, market securities or anything

I have a IndusInd bank salary account(Gurgaon), where last salary was in 2019 jan. Haven’t been using it since then… Tried to check balance today.
It showed a negative balance of -6500. WTF!!
Worst part, bank employees at Bangalore says I have to close account in Gurgaon.
Would want to understand if similar issues had been faced by others as well.

What horrific charges you had on your bank account?

Head Of Growth

As the title suggests, anybody having invite for fold app.
Appreciate the help

Invite for fold app

Welcome to Office Gossip's Private Community

What made it worst? The pay, the culture, or your manager?

What's the worst company you have worked for?

ICICI Bank, they had a strict sign in timing policy where if you are late to corporate office, half day salary would be cut, It would be reversed only when manager approves. The sign out time used to be 5.15pm, but you would be made to sit till 8 pm by most of the managers even if your job is done for the day. A sign out at 6 pm used to be called as half day by most of the managers. 
 I heard now they donot have this dictatorial policy.

Data Analyst

Product Manager

I sold some of my RSU holdings and wants to wire the money to Indian bank account but I see a high conversion fee with my current citi bank. 

Any suggestions on what bank in India offers best rate for inward remittances?

Best bank to wire tranfer

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