cross border transactions Archives

22 Feb 2022

How regulations can evolve to make cross border transactions from India seamless

Money Transfer Service Scheme (MTSS) is a way of transferring personal remittances from abroad to beneficiaries in India. As per RBI, only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. No outward remittance from India is allowed.

Tags: cross border transactions
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Posted by: professionalusr

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Mr. Ayas Ahmad

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