Tag Archives: remittances

Strict checks coming in! RBI to tighten rules for overseas remittances by resident Indians; here’s what is being planned – Times of India

June 15, 2025 0

Strict checks coming in! RBI to tighten rules for overseas remittances by resident Indians; here’s what is being planned – Times of India

The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals. (AI image) The Reserve Bank of India intends to strengthen regulations concerning international money transfers, that is, overseas remittances by Indian residents, with new restrictions on foreign currency deposits that involve lock-in periods.The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals, permitting resident Indians to send up …

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Financial super-app Abound raises $14 million – The Times of India

March 28, 2025 0

Financial super-app Abound raises million – The Times of India

New Delhi: Abound, the financial super-app designed for Indians in the US, has raised $14 million in seed funding to accelerate its goal of creating a seamless financial bridge between the non-resident Indians (NRIs) and India.Led by NEAR Foundation, with participation from Circle Ventures, Times Internet and others, this round marks Abound’s first external investment since its incubation at Times …

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