Saturday, 13 July 2013

ENHANCEMENT OF VALUE OF TRANSACTIONS FOR RECEIPTS OF EXPORTS THROUGH OPGSPs

ISSUING AUTHORITY : RESERVE BANK OF INDIA
DATE OF ISSUE : 11/06/2013
EFFECTIVE DATE : IMMEDIATE EFFECT
CIRCULAR NO. 109

The extant instructions have been reviewed to increase the value per transaction for export related remittances received through Online Payment Gateway Service Providers (OPGSPs) from USD 3000 to USD 10,000.

All other terms and conditions issued vide Circular No. 17 dated November 16, 2010 shall remain unchanged.

For detailed Circular, log on to the Link given below



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