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of <h1>Export Transaction Limit Raised to USD 3000 for OPGSPs Under FEMA 1999: Immediate Effect for Banks and Clients.</h1> The circular addresses Category - I Authorised Dealer Banks regarding the processing and settlement of export-related receipts through Online Payment Gateway Service Providers (OPGSPs). It announces an increase in the maximum value per transaction for export-related remittances from USD 500 to USD 3000. This change is effective immediately, while all other conditions from the previous circular dated November 16, 2010, remain unchanged. The circular is issued under the Foreign Exchange Management Act (FEMA), 1999, and banks are advised to inform their clients about these updated instructions.
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