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          FEMA

          What is Money Transfer Service Scheme (MTSS)?

          Remittances [Money Transfer Service Scheme (MTSS) and Rupee Drawing Arrangement (RDA)] - As on Jan 18, 2017

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          Money Transfer Service Scheme permits inward personal remittances to India via authorised overseas principals and Indian agents. Money Transfer Service Scheme (MTSS) permits inward personal remittances to India for purposes such as family maintenance and remittances for foreign tourists. It operates through tie ups between overseas money transfer companies (Overseas Principals) and Indian agents (Indian Agents), who disburse funds to beneficiaries in India at prevailing exchange rates. MTSS serves as a mechanism for authorised personal remittances alongside related arrangements such as the Rupee Drawing Arrangement.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Money Transfer Service Scheme permits inward personal remittances to India via authorised overseas principals and Indian agents.

                                  Money Transfer Service Scheme (MTSS) permits inward personal remittances to India for purposes such as family maintenance and remittances for foreign tourists. It operates through tie ups between overseas money transfer companies (Overseas Principals) and Indian agents (Indian Agents), who disburse funds to beneficiaries in India at prevailing exchange rates. MTSS serves as a mechanism for authorised personal remittances alongside related arrangements such as the Rupee Drawing Arrangement.


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