Top 10 Mistakes First-Time Freelancers Make with Cross-Border Transactions

  How UTR Number Works in Different Payment Modes Once you wire money in India, there is a special reference number known as UTR number ( Unique Transaction references number ) that is assigned to each money transfer. This figure helps in monitoring, confirming and settling matters with regard to payments. However the UTR number differs by a small margin based on the mode of payment be it NEFT, RTGS, IMPS , or UPI. Through this guide from EximPe , you will know how the UTR number works in each mode of payment and how you can check it on the trendy apps such as Google Pay, phone, and Paytm. What is a UTR Number? Before going into the details, let’s start with the basic definition. UTR stands for Unique Transaction Reference. It is an alphanumeric code created automatically by the banking system to ensure that each electronic fund transfer is unique. You can think of it as a digital fingerprint for your money, helping to prevent any mixed-up transactions. This unique identi...

  UTR Number Banking today relies on secure, traceable transactions. Whether you are transferring money online or receiving payments, you will often see the term UTR number. But what does it mean, and why is it important? This guide by EximPe explains the full form, significance, and uses of UTR numbers in Indian banking, making the concept easy for everyone to understand. What Does UTR Number Mean? The UTR number is an alphanumeric code generated for each electronic fund transfer within India’s banking system. It stands for Unique Transaction Reference number and serves as a digital fingerprint for every transaction. This helps you and the bank track funds easily and securely. When you start a money transfer, whether through NEFT, RTGS, IMPS, or UPI, a UTR number is automatically created. This number distinguishes one transaction from another, providing security, traceability, and simplicity for both customers and banks. Why is the UTR Number Important? Tracking Payments: ...

  Importer-Exporter Code The world of international trade is a busy place and each nation is bound by its own rules to maintain a flow of products and services in and out of the nation. To businesses in India that have plans to explore the foreign markets or are already involved in directing and receiving foreign goods, there is one all important identification number that serves them as their passport to international business: the IEC Code. Whether you are an aspiring business professional contemplating the joys of cross-border trade, or even the worrying language about the basic necessities of imports and exports, it is imperative to know what is IEC Code, what is its full form or even its philosophical significance. This guide by EximPe will demystify IEC Code, why it is mandatory, and how to get IEC Code . What is IEC Code? Decoding the Full Form and Meaning Let’s start with the basics: IEC full form is Importer-Exporter Code . In essence, an IEC Code is a 10-digit alph...

  Authorised Dealer Code If you plan to export goods from India, understanding the AD Code is crucial. This unique identifier is a legal requirement for all exporters. It helps ensure smooth customs clearance and compliance with foreign exchange laws. In this guide from EximPe , we will discuss the AD Code’s full form, meaning, importance , and how to obtain and register it for your export business. What is AD Code? (AD Code Full Form & Meaning) AD Code stands for Authorised Dealer Code. It is a unique 14-digit code issued by the bank where an exporter has a current account. Only banks approved by the Reserve Bank of India (RBI) to handle foreign exchange can issue this code. The AD Code connects the exporter’s bank account with customs authorities, allowing legal and traceable international trade transactions. Think of the AD Code as a link between your export shipments and your bank account, where you will receive foreign currency remittances. It serves as an import...

  In the dynamic world of international trade, Indian exporters constantly seek mechanisms that can streamline operations, reduce costs, and improve cash flow. One such pivotal instrument under the Goods and Services Tax (GST) regime is the Letter of Undertaking, universally known by its acronym, LUT. Understanding LUT in GST, its meaning, and its complete form is crucial if you are or want to be an exporter. This thorough guide by EximPe will help you understand the Letter of Undertaking , its purpose, its many advantages, the eligibility requirements, and the 2025 online application process. What is LUT? Letter of Undertaking is referred to as LUT. An LUT is a formal document that, under the GST framework, permits registered exporters to export goods or services without having to pay the Integrated Goods and Services Tax (IGST) up front. Exporters used to be required to pay IGST on their exports and then request a refund. Exporters can ship goods or render services without havin...

  When you often make international payments, or travel frequently abroad, on the payoff of the credit cards you might have to incur quite a number of expenses in adding forex markup fees. This is where zero forex markup credit cards enter because these cards will enable you to save 3–3.5 percent which is normally imposed by the standard cards. The comparison guide by  EximPe  of the  best zero forex markup credit cards in India in 2025  and their features, annual fee, and which one is ideal to use is presented below. What is Forex Markup Fee on Credit Cards? Forex markup fee  is an extra amount charged by banks or issuers of the card to foreign transaction of money. It is imposed between 1 to 3.5 %and it is imposed in addition to the normal currency conversion fee. Take the case of spending $1,000 abroad, a 3.5% forex markup will cost you an extra ₹2,900 — ₹3,000. Understanding the “Forex Markup Fee” (And Why “Zero” is Better) Before we move into the best ...