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of <h1>Master Direction permits only inward personal remittances via authorised overseas principals and RBI-authorised Indian agents, with limits and supervision.</h1> Master Direction governs a Money Transfer Service Scheme permitting only inward personal remittances to India through authorised Overseas Principals and RBI-authorised Indian Agents; outward remittances are prohibited. Eligibility, net-owned funds, application, collateral (3 days' average or USD50,000), AML/KYC, beneficiary limits (USD2,500; cash cap Rs50,000), and a 30-transfer annual cap per beneficiary are specified. Indian Agents may appoint and must supervise sub-agents with due diligence, monthly audits and quarterly reporting. Renewal, inspection powers, recordkeeping, and direct-to-account electronic transfers subject to KYC are mandated. A Standard Operating Procedure for cash movement during elections is prescribed.
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