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

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

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

Course Modules

Introduction to Foreign Remittances

Meaning of inward and outward remittances

Role in global and Indian economy

Inward Remittance Methods

MTSS and RDA channels

Direct bank transfers (SWIFT)

Compliance and reporting requirements

Outward Remittances & LRS

Liberalized Remittance Scheme (LRS)

Permissible transactions (education, travel, investment)

Limits and restrictions under RBI

Regulatory Compliance & Documentation

FEMA rules for remittances

RBI guidelines

Required documentation

Trade & Investment Remittances

Export and import-related remittances

FDI and investment flows

Agency commissions and business payments