RBI Guidelines for Foreign Inward Remittance If any amount is transferred from any foreign country and is received in India, it is called an ‘Inward Remittance’. It defines the flow of money in the transaction. RBI has issued certain guidelines related to inward remittance which can be explained as follows: Also Read : Education Loan

Transfer Money Abroad: Know the Options Before we proceed to understand options for sending money abroad, it is important to note that overseas money transfers come under the administration of the Reserve Bank of India (RBI) via the Liberalised Remittance Scheme (LRS). This scheme is applicable to all Indian residents and permits them to send