#1
| |||
| |||
Reserve Bank Of India Mtss |
#3
| |||
| |||
Re: reserve bank of india mtss
The Reserve Bank Of India is introduced the Money Transfer Service Scheme. The Money Transfer Service Scheme is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India The Reserve Bank has the powers under Section 10(1) of the Foreign Exchange Management Act, 1999, to accord necessary permission (authorization) to any person to act as an Indian Agent under the Money Transfer Service Scheme. The upper limit for movement of cash in INR would be Rs.10,00,000/- and in Foreign Currency equivalent of USD 1,00,000 except the transactions where the imported foreign currency is being transported to the offices/ branch of the AP. Reserve bank of India Money Transfer Service Scheme (MTSS) List of Overseas Principals Indian Agents and their Sub- Agents: Bangalore (as on Mar 31, 2015) Chandigarh (as on September 30, 2017) Hyderabad (as on June 30, 2017) Kochi (as on June 30, 2017) Mumbai (as on September 30, 2017) New Delhi (as on January 01, 2018) Documents are needed: Declaration regarding past criminal cases, cases initiated/ pending against the Sub Agent and/or its directors/ partners by any law enforcing agency, if any PAN Card of the Sub Agents and its directors/ partners Photographs of the directors/ partners and the key persons of the Sub Agent |
|