How can I receive money from someone from USA

624 votes

All such money transactions to and from India are governed by the regulations of Reserve Bank of India under the Foreign Exchange Management Act. Generally speaking, she may use the normal banking channel and/or the approved and renowned money transfer entities (i.e., authorised dealers) without any apparent limit to such transfer. However, it is crucial to understand the purpose of such remittance as declarations have to be made which will need to be seen i context of the money to be received. Note that in the strict global forex regime of the present day, every transaction is monitored and examined by the banking authorities and governments in all countries. Please do disclose the purpose of such transfer and the nature of bank account you wish to receive the money in for further advise .

Advocate Joydeep Nath LawRato