REMITTANCES (IR and OR including LRS)

Introduction

Foreign remittances are critical in today’s globalized world, impacting India’s economy through inward and outward transfers. This course provides a complete understanding of Foreign Inward and Outward Remittances, covering key methods, regulations, and compliance requirements. Ideal for finance professionals, NRIs, and students, this course offers practical insights into managing remittances in line with RBI and FEMA guidelines.

Course Highlights

  • Comprehensive Overview: Covers key topics like inward and outward remittance types, regulatory frameworks, and permissible transactions under the Liberalized Remittance Scheme (LRS).
  • Real-World Applications: Includes practical scenarios to understand trade and personal remittances effectively.
  • Flexible Self-Paced Learning: Access course materials anytime, anywhere.
  • Expert Content: Developed by finance and compliance professionals with real-world experience.
  • Certification: Earn a certificate upon successful completion, enhancing your credentials.

Benefits of the Programme

  • Manage Foreign Transactions: Master the rules governing inward and outward remittances for individuals and businesses.
  • Ensure Compliance: Learn about essential regulations under FEMA, RBI, and FEDAI.
  • Secure Transactions: Understand SWIFT protocols and remittance methods like MTSS, RDA, and LRS.
  • Enhance Career Opportunities: Certificate recognition adds value to finance and trade expertise.

Best Suited For

  • Finance Professionals: Bankers, finance managers, and trade officers managing remittances.
  • NRIs and Overseas Professionals: Individuals engaged in foreign transfers and overseas transactions.
  • Students & Academics: Great for those studying finance, trade, and regulatory compliance.
  • Legal and Financial Advisors: Advisors helping clients with cross-border financial transactions.

Programme Content Overview

  • Module 1: Introduction to Foreign Remittances

Define inward and outward remittances and their significance in global finance.

  • Module 2: Inward Remittance Methods

Explore sources like MTSS, RDA, and direct bank transfers, including compliance with SWIFT FIN protocols.

  • Module 3: Outward Remittances and the LRS

Understand permissible outward transfers under the Liberalized Remittance Scheme, including education, travel, and medical expenses.

  • Module 4: Regulatory Compliance and Documentation

Get familiar with the regulations under FEMA, RBI guidelines, and necessary documentation for remittances.

  • Module 5: Trade and Investment Remittances 

Focus on FDI, FII, export-related remittances, and agency commissions.

Course Materials include –

Study material of REMITTANCES (IR & OR including LRS) prepared by Market Experts available on SIFL Learning platform (SIFL-LMS).

Video Presentation for explanation of the Topics Presentation–wise SIFL Mock/Assessment test.

One SIFL Final tests for the REMITTANCES (IR & OR including LRS)

Self-learning training program with access to the SIFL Learning Platform (SIFL-LMS)

LMS Availability: 30 Days.

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