Inbound Money Transfer to India operates within the purview of guidelines of RBI & within the following framework :
Beneficiary can be:
Individuals ( Customers or otherwise )
Visiting Foreign Tourists
Foreign students who are studying in India
Restricted to Inbound Money Transfer service in the name of Individuals and personal use only.
Maximum permissible limit per transaction : USD 2500/- per beneficiary.
12 Transactions per beneficiary are permitted in a calendar year. Maximum cash payment restricted to Rs.50,000/-. Remittance above Rs.50,000/- shall be paid through Pay Order/Draft or through credit to Beneficiaries Domestic Savings Account.
Foreign Nationals/Visitors shall be paid the entire amount (Max. eq. of USD 2500) in cash.