Foreign inward remittances may be credited to beneficiary accounts at non tied banks via electronic transfer methods. Foreign inward remittances received by an AD Category I Bank that has a Rupee Drawing Arrangement with a Non Resident Exchange House may be credited ... Summary
Foreign inward remittances may be credited to beneficiary accounts at non tied banks via electronic transfer methods.
Foreign inward remittances received by an AD Category I Bank that has a Rupee Drawing Arrangement with a Non Resident Exchange House may be credited directly to a beneficiary's account held with another bank through electronic modes such as NEFT or IMPS, even if the beneficiary's bank does not have a tie up with the Exchange House.
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