Can remittances be sent into India by NRIs?

Question: Can remittances be sent into India otherwise than through the medium of a bank in the country of residence of the remitter?

Answer(s)

Raju Kanumuri: Yes. Exchange Houses in the Gulf countries have been permitted to send remittances into India by means of DDs, MTs and TTs drawn on banks in India.

Source : Reserve Bank Of India

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