Overview

Amazon Seller Wallet provides Indian sellers with a streamlined way to transfer their international marketplace earnings directly to a bank account in India, with automatic conversion to Indian rupees (INR). This feature is particularly important for Indian sellers operating on Amazon's global marketplaces such as Amazon.com, Amazon.co.uk, or Amazon.de, as it simplifies the process of repatriating foreign currency earnings while staying compliant with Reserve Bank of India (RBI) regulations.

Key Points / What Sellers Need to Know

• Automatic Currency Conversion — When you initiate a transfer from your Seller Wallet account to your Indian bank account, the funds are automatically converted into INR at the prevailing exchange rate, removing the need for separate foreign exchange transactions.
• J.P. Morgan Facilitates the Transfer — J.P. Morgan Chase Bank N.A., through its London branch, handles the cross-border movement of funds. The transfer is routed through J.P. Morgan's INR correspondent bank to reach your Indian bank account.
• e-FIRC Compliance — If you need an electronic Foreign Inward Remittance Certificate (e-FIRC), the beneficiary bank where you receive the transfer is responsible for issuing this document in accordance with RBI circulars and FEDAI (Foreign Exchange Dealers' Association of India) guidelines.
• FIRA Available for Download — You can now download your Foreign Inward Remittance Advice (FIRA) directly from the reports tab within your Seller Wallet account, making it easier to maintain proper documentation for compliance purposes.
• UTR Number for Bank Reference — Each transfer comes with a Unique Transaction Reference (UTR) number that your bank can use to trace and verify the remittance if any assistance is needed.

How the Transfer Process Works

When you request a transfer from Seller Wallet to your Indian bank account, the process begins with Amazon releasing funds from your Seller Wallet balance. J.P. Morgan Chase Bank N.A., operating through its London branch, then facilitates the cross-border transfer. The funds are routed through J.P. Morgan's INR correspondent bank, which handles the currency conversion and final settlement into your designated Indian bank account in rupees. The entire process is designed to be seamless, with sellers only needing to ensure their bank account details are correctly configured in Seller Wallet settings.