If I am receiving money from international bank in my Indian bank account for my work done . I have to give explanation about the remittance. What is the minimum amount of receiving fund from foreign bank?


There is no minimum amount. Read the RBI Circular, if the amount is more that Rs 1,00,000; then purpose of remittance needs to be recorded. This link gives out the various purpose of remittance. It is best advised to consult a professional CA for advise in your specific case.

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