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of <h1>Foreign entities in India can remit funds via any AD Category I bank with a no objection certificate from the designated bank.</h1> Branch or project offices of foreign entities in India can remit funds outside India through any AD Category I bank, not just their designated one, as long as they obtain a no objection certificate from the designated bank. Remittances must settle on a Cash, Tom, or Spot basis and be conducted through banking channels. Two methods are available: transferring the equivalent INR amount to a transaction handling bank for SWIFT remittance, or crediting the designated bank's NOSTRO account for final remittance. Both methods require compliance with KYC norms and sharing transaction details with the designated bank.
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