The architects of India’s digital public infrastructure (DPI), Nandan Nilekani and Pramod Varma, are now attempting their next leap: buildi...

Indian investors acquiring Dubai properties without proper outward remittances are facing Directorate of Enforcement scrutiny. Violations o...

Structuring choices, missed disclosures, and documentation gaps can turn a global investment into a regulatory headache

As more Indians relocate abroad, the demand for international money transfers is rising for various purposes like education and investments...

Indian investors are increasingly prioritizing global diversification, with capital-led overseas investments in equity and debt more than d...

To control random money outflows, Indian banks are now demanding specific reasons for overseas fund transfers. They are discouraging the us...

Money transfer via RTGS, NEFT: The Reserve Bank of India (RBI) has suggested a new functionality that permits remitters using RTGS and NEFT...

Parents sending money for other living expenses will face the 20% TCS unless they can prove it is for educational purposes. To mitigate the...

The higher rate of TCS will not apply to education expenses incurred abroad. But parents must be careful about the fine details of TCS whil...

Earlier this week, the ministry said that there will be TCS on foreign remittances of up to Rs 7 lakh per financial year. Further, it also ...

Budget 2023 raised the Tax Collection at Source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5 per...

A bank with a strong international footing like ICICI Bank ensures a secure and simple way to send money abroad.

A string of partnerships by the National Payments Corporation of India (NPCI) is taking the Unified Payments Interface (UPI) to countries t...

It can be easily executed through online banking using the swift code of the receiving bank, PAN, and purpose of remittance along with name...

Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing a...

The platform boasts of helping businesses experience a range of services digitally including payments of funds through multiple digital mod...

Internet-based money transfer service Paypal has resumed remittances to small-time exporters who will now have to report them as export rev...