RBI extends remittance eligibility for GIFT City Indian residents.

Under the Liberalised Remittance Scheme (LRS), the Reserve Bank of India (RBI) has extended the range of remittances to International Financial Services Centres (IFSCs), therefore enabling Indian residents to open foreign exchange accounts in GIFT City. This action seeks to enable remittances for obtaining financial services or products in line with the International Financial Services…

Read More