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Let's discuss about "Local Funds Transfer (LFT)" - Recommended option for Indians in India. Is it?

Active Member
Arnab Kumar H Member Since: May 9, 2015


I am new here, Just did my first project here. I was thinking to open a post about Local Funds Transfer (LFT). But find it. 


Anyway, what is the minimum account can I withdraw from my account?

Vladimir G Moderator Member Since: Oct 31, 2014

Hi Arnab,


There is no minimum amount set for LFT withdrawals but the funds you decide to withdraw should be able to cover any fees your bank may charge for this kind of transaction.

Active Member
Arnab Kumar H Member Since: May 9, 2015


Community Leader
Kishor P Member Since: Jun 14, 2016

Anybody using hdfc account for LFT transfer?

I want to know how much time does it take to credit? I know standard time is 3-5 working days.


But i want to know actual time.




Frequent Visitor
Rajiv C Member Since: Jul 14, 2016

which type of paypal account is needed for freelancing.individual or bussiness

Community Manager
Lena E Community Manager Member Since: Apr 7, 2015

Hi Rajiv,


You can use any verified Paypal account, individual or business. As long as its verified, you're good to go.



Active Member
Anant L Member Since: May 6, 2015

Let's consider GST implication on LFT if anyone is confused --


As per law under erstwhile Service Tax and now under Goods & Service Tax (GST) export of services was exempt and now Zero Rated Sales.


All contracts via UpWork to any contractor outside India will be eligible for the Exemption and Now Zero rated sale, since the -

1. Service Provider is from Taxable Territory (India)

2. Service Recipient is from Non-Taxable Territory (Outside India)

3. There isn't any relationship between 1 & 2. or not been controlled by 'Distinct Person'

4. Consideration received is in Convertible Foreign Exchange.


To clarify - All LBT (local bank transfers directly in INR) is as well considered as Convertible Foreign Currency, even though it's not spefically mentioned under the law, but as per earlier Tribunal, CESTAT and Court Decrees/Orders, if the first three conditions of the export of services is sufficed, and the consideration is paid in Local Currency or INR to the service provider by the third party dealer of the Service Recepient, it will be deemed to be Convertible Foreign Currency.


The defination of Convertible Foreign Currency is laid out under the Notification No. FEMA 9/2000-RB and FEMA 14/2000-RB dated May 3, 2000 issued by RBI under Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2000 (“FEMA Notifications”)



A decided case law - Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of Service Tax, Mumbai-I [2015-TIOL-956-CESTAT-MUM]


So, under the GST law, the FEMA defination continues, and LBT remains the cheapest way to transfer funds.




Active Member
Umang J Member Since: Apr 24, 2019
I am new to Upwork, i will be using Local Fund transfer as payment option. So, i wanted to know that did i required to get Gst registration? Is LFT also treated as export ?