The RBI provides the Rupee Drawing Arrangement (RDA) and the Money Transfer Service Scheme (MTSS) as alternative ways to send money back to India from abroad. Under the MTSS, a single receiver may receive 30 transfers annually up to $2,500 per transfer. Payments must be made through authorized dealer banks in India and are governed by the RBI. A remittee receiving international payments abroad needs a FIRC certificate to authorize received money. FIRC is a receipt issued by banks showing money has been transferred from abroad to India establishing the legality of inward remittance. International payments sent or received outside India are covered by FEMA legislation.

1. Inward
Remittance
FEMA Guidelines for
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RDA and MTSS
The RBI provides the Rupee Drawing Arrangement (RDA) and the
Money Transfer Service Scheme (MTSS) as alternative ways to send money
back to India from abroad.
The amount of inward remittance using the RDA channel is not capped,
although there is a ceiling for commercial payments.

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Transfer Process
Under the MTSS arrangement, a single receiver may receive
30 MTSS transfers annually at a USD 2,500 per transfer cap.
Payments under the RDA and MTSS must be made through authorized
dealer banks in India, and the procedure is strictly governed by the RBI.
A remittee who receives international payments from abroad needs to
procure a FIRC certificate to authorize the money received from abroad.

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FIRC
FIRC or Foreign Inward Remittance Certificate is a certificate required
under the regulatory process.
This is essentially a receipt that banks issue to show that money has been
transferred from abroad to India.
It serves as evidence that the money you receive from abroad is from reliable
sources, demonstrates that all necessary checks have been made,
and establishes the legality of the inward remittance.

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FEMA’s Legislation
International payments received or sent outside the country are covered
by the FEMA legislation.
Whether you're an Indian citizen trying to transfer money abroad to pay
for a family member's education or an NRI looking to send money home
to your family in India, you need to be aware of these legislations.

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