Introduction
Understand how foreign remittances work in India, including inward and outward remittances, LRS limits, and RBI compliance.
This course provides a practical understanding of foreign remittance processes, covering banking channels, documentation, and regulatory requirements under FEMA. It is designed for professionals, NRIs, and businesses handling cross-border transactions.
What You Will Learn
- Inward and outward remittance processes
- Liberalized Remittance Scheme (LRS) rules
- RBI and FEMA guidelines for remittances
- SWIFT and banking channels
- Documentation and compliance requirements
- Trade-related remittance handling
Course Highlights
- Practical explanation of remittance transactions
- Covers LRS, SWIFT, MTSS, and RDA
- Focus on Indian regulatory framework
- Real-world compliance scenarios
- Useful for banking and finance roles
Course Modules
- Meaning of inward and outward remittances
- Role in global and Indian economy
- MTSS and RDA channels
- Direct bank transfers (SWIFT)
- Compliance and reporting requirements
- Liberalized Remittance Scheme (LRS)
- Permissible transactions (education, travel, investment)
- Limits and restrictions under RBI
- FEMA rules for remittances
- RBI guidelines
- Required documentation
- Export and import-related remittances
- FDI and investment flows
- Agency commissions and business payments
Who Should Enroll
Banking and finance professionals
NRIs and individuals making foreign transfers
Trade finance professionals
Compliance and legal advisors
Students in finance and international business
Disclaimer: This is an exam preparation program only.
All certifications are awarded by ACI Financial Markets Association after passing the official exams.
Benefits of the Course
- Understand remittance rules in India
- Avoid compliance errors under FEMA
- Learn LRS limits and usage
- Handle cross-border transactions confidently
- Improve career opportunities in banking and finance
Course Deliverables
- Access to SIFL Learning Platform
- Study material (soft copy + audio)
- Video explanations
- Mock assessments
- Final certification test
FAQs
LRS allows individuals to remit funds abroad within limits set by RBI.
Yes. It covers both types in detail.
Yes. It helps understand remittance rules and compliance.
Yes. Basic SWIFT-based remittance processes are included.
Basic understanding helps, but concepts are explained clearly.