India to tighten remittance rules, bar offshore time deposits,...

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2025-06-13 05:00:15

India to tighten remittance rules, bar offshore time deposits, sources say

India to tighten remittance rules, bar offshore time deposits, sources say By Shubham Batra MUMBAI (Reuters) -India's central bank plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods, two government sources said. The Reserve Bank of India (RBI) will amend regulations to prevent overseas transfers...

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