Online loterry

[PANKAJKUMAR ARORA]

Dear sir

Kindly confirm on consequences on playing or transferring sum to buy international lotteries online purchasing

REGARDS

PANKAJ KUMAR ARORA

[YAGAY andSUN]

It is not allowed under the Provisions of FEMA. Even RBI has issued Various circulars on it.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Yagay.

AI Summary

Foreign exchange prohibition on online international lottery payments - transfers to purchase foreign lotteries are prohibited under FEMA regulations. Payments or transfers of funds to purchase international lotteries online are prohibited under the foreign exchange regulatory framework; such online lottery transactions involving outflow of foreign exchange must not be remitted, and regulatory circulars reinforce this prohibition.