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Electronic Data Interchange (EDI)

EDI is a computer-to-computer transfer of details of commercial or administrative transactions using an agreed protocol and standard data structure. EDI standards have been developed in respect of specific messages for transmission of business transactions which are electronic equivalents of commercial invoices, purchase orders, transport bookings and payment instructions etc. At the instance of the Ministry of Commerce of the Government of India (who are the nodal agency for EDI technology in India), the Indian banks Association (IBA) constituted a Message Development Group-Finance (MDG-F) who have developed appropriate message formats and standards for financial applications in EDI. The scheme is in the pilot study stage.


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