India-native entity Foo Falcon Tech Pvt Ltd · CIN U72900KA2022PTC163007 47 engineers paid · Apr 2026 14 US/UK companies on the entity 0 notices since founding 4 yrs on the books 5-day contractual Go-Live SLA $149/employee/month · first month free PF · ESI · S&E across all 28 states + 8 UTs Income Tax Act 2025 · Form 130 ready DPDP Act 2023 · 24-hr breach SLA
India Contractor · Local payments · Versatile

India contractor · Local payments.

Pay India contractors in INR via direct bank transfer on the last working day of the month. Specialist receives the wage net of TDS, in their chosen Indian bank account, on a predictable schedule. No cross-border wires for the contractor.

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4 yrs On the books
47 Engineers paid · Apr 2026
14 US/UK companies on the entity
0 Notices since founding
Foo Falcon Pvt Ltd · CIN U72900KA2022PTC163007 · Incorporated 28 Jun 2022
Tell me about your first hire

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Used by 59+ global companies hiring engineers, designers, and operators in India

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Used by 59 companies hiring engineers, designers, and operators in India

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Local INR payment is predictable, fast, and free for the contractor.

Most India freelancers paid directly by foreign clients receive the money via international wire, with multi-day delays, FX spreads, and per-wire receiving fees from their Indian bank. Versatile pays the contractor in INR via NEFT or IMPS to their personal bank account, on the last working day of every month, on a fixed schedule. The contractor sees clean INR credits without FX losses or wire fees. Versatile holds the USD-to-INR conversion exposure on our side.

NEFT or IMPS, same-day credit

Standard India interbank transfer. Settlement within hours of the payment cycle. No correspondent bank delays.

Any Indian bank, specialist chooses

HDFC, ICICI, SBI, Axis, Kotak, regional banks. The contractor provides the account at onboarding. No restrictions.

Last working day, predictable

Same payment cycle as Versatile Employer of Record full-time employees. Contractors know the date.

Reference rate, RBI mid-rate

USD-to-INR conversion at Reserve Bank reference rate on invoice date. No bank spread loss to the contractor.

No FX or receiving fees, contractor side

The contractor sees the INR credit; no FX deduction, no per-wire receiving fee, no SWIFT delays.

Payment confirmation, portal + email

Confirmation of credit with UTR reference sent to the contractor's email and posted to the secure portal.

ItemVersatile handles
Payment methodNEFT or IMPS, Versatile INR account to contractor account
SettlementSame-day or next working day
FX conversionVersatile holds the USD-to-INR exposure
Bank choiceAny Indian bank, contractor chooses
Fees on contractor sideZero
DocumentationUTR reference per payment, archived

Local INR payments, predictable and free.

Versatile Contractor of Record · $19 per contractor per month · USD invoicing

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Questions we hear most.

Can Versatile pay a contractor in USD to a Wise or Payoneer account?
Yes, on specific request, but INR direct to an Indian bank is the default and is what most contractors prefer for cleaner tax records. USD wires to fintech accounts have per-wire fees the contractor absorbs.
Indian residents are required to bank in India for FEMA reasons. Non-resident contractors (rare) can be paid via NRE/NRO account or USD wire. We discuss at engagement.
Standard NEFT and IMPS have no per-transaction limit for our account class. The transfer is end-of-day batched if the amount is very large, but always settled within the standard cycle.
The contractor sees the INR credited amount. The USD-to-INR breakdown is shown on the contractor portal so they can reconcile with the contract terms.

Hire in India. Without the panic.

Tell me about your first hire. I will reply on email inside 4-6 hours, with a draft offer letter attached. Then my support team takes the depth.

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$99-$399 · per employee · per month 5 day onboarding SLA 0 setup or exit fees 1st month free 59 companies served