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?


1 Answer 1


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.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .