Outward Remittance Rules You Need to Know
Posted on Monday, December 6th, 2021 |
Whether you want to send funds abroad to your loved ones, pay your child’s college tuition fees, or repatriate your funds as an NRI, you can do all of this easily via outward remittance. Since it takes place on a secured banking network, this remittance service is by far the safest way to send money…
Read moreReasons to opt for Outward Remittance by IndusInd Bank
Posted on Tuesday, November 16th, 2021 |
Do you want to send money to your friends and family living outside India? The RBI allows Indian nationals to transfer money abroad under the Liberalised Remittance Scheme (LRS). As per LRS guidelines, you can transfer money for education, employment, medical, purchase of property, and business travel. This process is also known as an outward remittance….
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