Withdraw from Upwork
at Zero Forex Markup.
Upwork direct INR withdrawals cost 2.4%, and no FIRS. Mulya converts at the mid-market rate (zero markup), with free FIRS within 24 hours.
RBI Approved FrameworkUsed by teams at
Savings calculator
See what you keep in INR
Same USD withdrawal — compare Upwork direct-to-INR conversion vs Mulya.
100% Transparent Pricing
No hidden fees, ever.
All-inclusive — ZERO GST · ZERO hidden charges
FIRS / e-FIRC
No FIRS = Big trouble.
A Foreign Inward Remittance Statement is mandatory proof that you received foreign income legally. Without it, you risk FEMA penalties, GST export benefit rejections, and tax filing problems.
Comparison
Withdraw smarter.
Keep more of what you earn.
Mulya via ACH vs a typical Upwork direct withdrawal — same platform, different economics.
Secure.
Compliant.
Reliable.
Mulya is trusted by the Government of India and fully FEMA-compliant. Your money and data are protected at every layer — from KYC to settlement.
Process
Receive your first payment
this afternoon.
Four simple steps. Most users go from signup to money in their bank account the same day.
Apply on Mulya
Submit your documents once — KYC, PAN, and bank details. Takes 5 minutes.
Get your virtual accounts
Receive foreign bank account details. Share with your client or plug into your platform's payout settings.
Client sends payment
They transfer in USD, GBP, EUR or 20+ currencies via SWIFT, ACH, SEPA — no app needed on their end.
INR credited + FIRS issued
We convert at the mid-market rate (zero markup) and credit your Indian bank account. FIRS auto-generated within 24 hours, free.
Reviews
Loved by those who
earn globally from India.
Get in touch
We're here to help.
Questions before you start? Our team responds fast.
FAQ
Frequently asked questions.
Common questions about Upwork withdrawals and your Mulya USD account.
With the "Direct to Local Bank" method, Upwork converts your USD to INR for a forex markup of ~2.4% and deposits it to your Indian Bank Account. With "Direct to US Bank (ACH)", Upwork deposits USD to a US Bank Account. Your US Virtual Account provider (like Mulya) then converts at the real rate and sends INR to your Indian Bank Account.
We use the "Direct to US Bank (ACH)" method of Upwork withdrawals.
Go to Upwork's withdrawal settings → Add Payment Method → Direct to US Bank (ACH) → enter your Mulya USD account details.
Read more →Mulya provides a USD Virtual Account. You need to add the Mulya USD Account under "Direct to US Bank (ACH)" in the Add Payment Method section.
Read more →No. We use ACH transfers, not Wire Transfers. So the $30 Wire Transfer fee is not applicable.
You do not owe any taxes in the United States. Upwork may ask for a W8BEN form which declares you have no US tax obligations. You only need to pay taxes in India based on your income slab.
Yes. We are regulated by RBI and operate under the OPGSP model, which allows us to enable users to receive payments in foreign currencies.
Yes, it's completely legal. RBI allows Indians to open a foreign currency virtual account (for receiving foreign payments), but restricts full-fledged bank accounts in foreign countries.
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