RBI directs SBM Bank (India) to immediately stop remittance transactions

Jan 23, 2023

The Reserve Bank of India has directed SBM Bank (India) Ltd to stop all transactions under Liberalised Remittance Scheme (LRS) with immediate effect.

International credit card spend exempted under RBI's remittance scheme within annual limit

May 18, 2023

The Centre on Tuesday brought international credit card spending outside India under the Liberalised Remittance Scheme (LRS) and issued an explainer on Wednesday to...

20 pc tax to be collected at source from July under remittance scheme for some items

May 18, 2023

Tax Collected at Source (TCS) under Liberalised Remittance Scheme for the sale of overseas tour packages and any other remittance (such as for bonds,...

Here's what experts say about changes made in LRS for credit cards

May 18, 2023

Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance...

Get IndusInd Bank Outward Remittance Services Now Through Bajaj Markets

May 29, 2023

Pune (Maharashtra) [India], May 29: Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with the IndusInd Bank, now offers access to the IndusInd...

TCS for international card spend exempted under RBI's remittance scheme upto Rs 7 lakh

May 19, 2023

The Ministry of Finance on Friday said it decided that any payments by an individual using their international debit or credit cards upto Rs...