You will not face a problem in receiving your electronic bank realisation certificate (eBRC). The transfer of foreign exchange by a foreign factoring company to an Indian exporter is permitted under FEMA guidelines. Prior to furnishing your eBRC, your bank may require a copy of the factoring agreement that you have entered into with Drip Capital.

Please note that when we make a remittance into your account, we also furnish a SWIFT message that includes details of the invoice number and shipping bill number against which the payment is being made. This will facilitate the issue of your eBRC.

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