Give your clients a local account. Get paid in INR.
Virtual accounts in 10+ currencies. Your client pays a domestic transfer in their own country. You receive INR in your Indian bank account within 24 hours*, with 0% FX markup and the FIRA already done.
A receiving address, not a bank account you run
A virtual account is a set of local account details issued for you by a licensed partner in another country. Your client pays it like any local vendor. The money is tagged to you, converted with 0% FX markup, and settled into your own Indian bank account.
You do not open it yourself. You do not hold a balance in it. It is where your client sends the money, and INR is what you receive.
Three steps, no SWIFT form
- 1
Pick a currency
Open DashX, complete KYC, choose the currency your client pays in. Your account details are ready the same day.
- 2
Put them on your invoice
Your client adds you as a local payee and pays a normal domestic transfer. No wire form, no SWIFT code, no correspondent bank.
- 3
Receive INR
One 0.4% fee and 0% FX markup. INR settles into your own Indian bank account within 24 hours*. Your FIRA is in the dashboard when the money lands.
Supported currencies
USD
US dollar
US account number and routing number. Clients pay by ACH or domestic wire. For US clients and anyone who bills in dollars.
EUR
Euro
European IBAN and BIC. Clients anywhere in the SEPA zone pay a SEPA transfer.
GBP
British pound
UK sort code and account number. Clients pay by Faster Payments.
AED
UAE dirham
Local UAE account details. A large and underserved market for Indian freelancers.
Plus local account details in 10+ currencies in total. If your client is somewhere else, ask us or give them your USD details. Most businesses can pay a dollar transfer.
The two things people do instead, and why they cost more
| Feature | Open your own account abroad | SWIFT wire to your Indian bank | DashX virtual account |
|---|---|---|---|
| Can you get one | Usually not. Needs residency or a company in that country | Yes, any Indian bank | Yes, any Indian freelancer or business |
| Time to set up | Weeks, often a trip | Already have it | Same day |
| What the client does | Local transfer | Fills an international wire form with your SWIFT code | Local transfer |
| Client's bank fee | Nothing | $25 to $50 | Nothing |
| Intermediary bank fee | None on the way in, but see below | $15 to $30, deducted before it reaches you | None |
| Getting the money to India | You still wire it to yourself, same SWIFT fees and spread | Already there | INR settles to your Indian account, one 0.4% fee |
| Exchange rate | Your foreign bank's rate, then your Indian bank's rate | 1.5% to 2.5% below mid-market | 0% markup |
| Account fees | Monthly fees, minimum balances | None | None |
| FEMA position | Holding export earnings abroad needs RBI permission. Most freelancers are not allowed to | Fine | Fine, settles through an AD Category I bank |
| FIRA | You arrange it when you wire the money in | On request, sometimes charged | Automatic |
| Time to INR | Days, and two conversions | 2 to 5 business days | Within 24 hours* |
Built on licensed rails
Every payment into your virtual account is routed through RBI-authorised AD Category I banks (JP Morgan and HDFC) and PA-CB licensed partners.
Purpose code assigned automatically
P0802, P1006, P1007 and the rest, matched to your invoice.
FIRA issued through the AD bank
For every payment, saved in your dashboard, ready for your CA and your monthly Export Declaration Form.
Your money in your account
DashX does not hold funds. INR settles into your own Indian bank account.
Questions people ask
Everything you need to know about cross-border payments, account verification, settlements, fees, and getting paid internationally
Is the account in my name?
The details are issued for you and tagged to your account. Payments sent to them reach you. Your client sees DashX's partner bank on their side and your name on the invoice. If a client needs your name on the FIRA, Premium Priority Rails covers that.
Can I hold USD or EUR in it?
No. Payments convert and settle to INR. DashX is built for receiving.
Can I send money out?
No. DashX is receive-only.
Is there a fee to open or keep the account?
No. The only charge is 0.4% on conversion.
Does my client pay anything?
Nothing to DashX. A domestic transfer is usually free for them.