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<h1>Regulatory Changes Allow Indian Start-ups to Open Foreign Currency Accounts Abroad and Use Online Payment Services.</h1> The circular addresses regulatory relaxations for start-ups concerning payment acceptance. It clarifies that Indian start-ups with overseas subsidiaries can open foreign currency accounts abroad to pool foreign exchange earnings. These accounts can also pool receivables from both Indian residents and non-residents. The balances must be repatriated to India within the timeframe for export proceeds realization, currently nine months. Start-ups can use Online Payment Gateway Service Providers for transactions up to USD 10,000. A contractual arrangement between the start-up, its subsidiary, and customers is required. Authorised Dealer banks are advised to inform their clients of these provisions.