Inward Remittance Transfer money to a Standard Chartered account in India from any bank account globally. More Outward Remittance Enable money transfers to your account abroad at any forex enabled Standard Chartered branch. More Features Remittance services Standard Chartered offers full range of...
We are India’s 1st Digital Outward Remittance Management Platform Offering Overseas Payments For Travel agents, DMC and Educational Consultants.
TheRBI’s Liberalized Remittance Scheme (LRS)made cross-border payments quite easier. This has benefitted not only the citizens but businesses that process outward remittances includingtravel agencies (TAs)anddestination management companies (DMCs). In India, over the years there has been a spike in...
Cash remittance continued to be restricted to US$0.5 million. Beyond US$4 million, approvals were considered under the ‘Normal Route’ approved by a Special Committee. Investment proposals in excess of US$15 million were considered by the Ministry of Finance with the recommendations of the ...
Resident individuals can remit money outside India underthe Liberalised Remittance Scheme (LRS)which has a maximum cap of $250,000 per year per person. The funds remitted under LRS can be used for investing in foreign securities, travel expen...
A 5% TCS is now imposed on all foreign remittances under the Liberalised Remittance Scheme (LRS). This tax is applicable on foreign transfers exceeding INR 7 lakh in a financial year. However, if the remittances are funded by loans for higher education abroad, the TCS limit is reduced subst...
The capital investments had a phased feature (multiple divisions into two to three years of remittance), and the number of projects were signed during the same year. Therefore, China's OFDI concentration in Indonesia and the number of projects had a certain degree of heterogeneity. 4.2. Spatial...
Remittance towards interest on loans from Non-Residents (ST /MT /LT loans) Remittance of interest on debt s ec uriti es - d e be n tu re s /bonds/FRNs etc. S1405 Remittance towards interest payment by ADs on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.)...
Remittance towards interest on loans from Non-Residents (ST /MT /LT loans) Remittance of interest on debt s ec uriti es - d e be n tu re s /bonds/FRNs etc. S1405 Remittance towards interest payment by ADs on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.)...