Clarification on Personal IEC code.

[Kishan Barai]

Respected Sir / Madam

Recently one of my student has applied for personal IEC code in DGFT Rajkot office. There the authority rejected the proposal for personal IEC & said you can not get the IEC code with savings bank account.

Earlier my south student got the IEC with savings account.

If we refer to the latest IEC notification you require 3 documents to get the IEC online.

1. PAN Card

2. Cancelled Cheque or Bank Certificate with Name of Applicant/ Firm with IFSC code.

3. Digital Photo

In that if you refer to bank format it goes like this......

(Name of the bank/branch address detail)
Ref No. ...........................
To Office of the Regional Authority of DGFT
..................
....................
...................
(please fill in the address of the concerned jurisdiction Regional Authority)
Sir/ Madam It is certified that M/s. (Name of the account holder)* ………………………whose address
as per the bank records is ……… is/ are maintaining a Savings Bank Account / Current Account (tick
whichever is applicable) No. ....... with us, since .................. ...
Affix Passport Size Photograph of the authorised account holder*
Note: The photograph as affixed and attested is of the account holder**.
[This does not apply in cases where the account holder is an institute/ company (LLP/ Private/
Public/Govt. Undertaking / Section 25 Company)]
(Signature of the issuing authority) (Not below the rank of Manager)
Name………....
Designation ………....
IFS Code of the issuing bank: ………....
Email id of the bank: ………....
Date: ………....
Place: ………....
(Banks’ Stamp)

I did not find any rules or regulations which says that IEC can be issued against Current Account only & you can see the above gov format Savings Bank Account / Current Account (tick
whichever is applicable).

My question is can one issue personal IEC with savings account ?

& Is there any circular or notification which could help me to convince the staff of Rajkot DGFT office.

Thank you very much in advance........

AI Summary

DGFT Office Misstep: No Official Rule Restricts IEC Issuance to Current Accounts; Savings Accounts Also Valid A participant inquired about obtaining a personal Importer Exporter Code (IEC) with a savings account, as the DGFT office in Rajkot rejected the application citing the need for a current account. The participant noted that another student previously obtained an IEC with a savings account. Respondents clarified that there is no official notification restricting IEC issuance to current accounts, as the bank certificate format allows for both savings and current accounts. The participant thanked the respondent, confirming they had communicated this information to the DGFT office.