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of <h1>Indian Agents Need RBI Approval for MTSS; Overseas Principals Require Authorization Under PSS Act, 2007</h1> Indian Agents must obtain permission from the Regional Office of the Foreign Exchange Department, Reserve Bank of India, to operate under the Money Transfer Service Scheme (MTSS). Additionally, the Overseas Principal must secure authorization from the Department of Payment and Settlement Systems, Reserve Bank of India, as required by the Payment and Settlement Systems Act (PSS Act), 2007.
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