Simply Money

 
Simply Money

RBI Guidelines for Inward Remittance

RBI Guidelines for Inward Remittance

  • Money can be received in India up to a maximum of 2,500 USD or equivalent per transaction.
  • Cash pay out in India up to a maximum of Rs. 50,000/- per transaction. Any amount above this has to be paid through local cheque or pay order.
  • Foreign nationals who produce their passport, full amount in INR can be paid in cash.
For foreign nationals also, the maximum amount cannot be
exceeded equivalent amount of 2,500 USD.


  • Individuals can receive only 30 transactions in a calendar year.
  • All remittances are for personal purposes only or for foreign tourists visiting India.
  • Minors cannot be paid Western Union transaction.
  • No commercial transaction can be paid through this mode of transfer.
  • Outbound money transfer through this channel is not allowed.

Forex Rates

  •   Currency Buy Rate Sell Rate
  • 223 USD 62.20 66.90
  • 31 GBP 78.30 84.20
  • 195 EUR 67.00 71.80
  • 13 AUD 46.10 52.70