India amends rules to allow remittences up to one million rupees from relatives living abroad

Advertisements Indians can now receive remittences worth Rs one million annually from relatives residing overseas without notifying the authorities, according to the new Foreign Contribution (Regulation) Amendment Rules, 2022 by India’s Ministry of Home Affairs. Previously, the amount permitted was limited to Rs one hundred thousand annually.  As per Rule 6 of the FCRA Rules … Continue reading India amends rules to allow remittences up to one million rupees from relatives living abroad