https://www.taxtmi.com/circulars?id=8140 Money Transfer Service Scheme permits only inward personal remittances to India through authorised Indian Agents tied to licensed Overseas Principals; Indian Agents must obtain RBI permission, satisfy entry and renewal criteria, and remain liable for sub agents. The scheme sets transaction caps (USD 2,500 per remittance, cash up to Rs.50,000), excludes certain purposes, requires Overseas Principals to maintain minimum collateral (USD 50,000 plus security) with half yearly review, and mandates comprehensive KYC/AML/CFT policies, ten year record retention, and reporting of cash and suspicious transactions to FIU IND. en-us Thu, 01 Jul 2010 00:00:00 +0530 Wed, 11 Feb 2026 15:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8140 Money Transfer Service Scheme permits only inward personal remittances to India through authorised Indian Agents tied to licensed Overseas Principals; Indian Agents must obtain RBI permission, satisfy entry and renewal criteria, and remain liable for sub agents. The scheme sets transaction caps (USD 2,500 per remittance, cash up to Rs.50,000), excludes certain purposes, requires Overseas Principals to maintain minimum collateral (USD 50,000 plus security) with half yearly review, and mandates comprehensive KYC/AML/CFT policies, ten year record retention, and reporting of cash and suspicious transactions to FIU IND. Circulars FEMA Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8140