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of <h1>Foreign inward remittances can be credited via NEFT or IMPS even without direct bank tie-ups for beneficiary accounts.</h1> Foreign inward remittances can be credited to a beneficiary's bank account even if the bank does not have a direct tie-up with a non-resident exchange house. If the AD Category-I Bank has a Rupee Drawing Arrangement with a non-resident exchange house, the remittance can be transferred electronically, using methods like NEFT or IMPS, to the beneficiary's account held at a different bank.
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