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Strict Checks Coming in! RBI to Tighten Rules for Overseas Remittances by Resident Indians; Here’s What Is Being Planned
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Strict checks coming in! RBI to tighten guidelines for abroad remittances by resident Indians; right here’s what’s being deliberate – Instances of India
The RBI’s Liberalised Remittance Scheme (LRS) governs international investments by people. (AI picture) The Reserve Bank of India intends to strengthen laws regarding worldwide cash transfers, that’s, abroad remittances by Indian residents, with new restrictions on international forex deposits that contain lock-in intervals.The RBI’s Liberalised Remittance Scheme (LRS) governs international investments by people, allowing resident Indians to shi…
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