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The Economic Times

Economy / The Economic Times

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RBI mandates payment of inward remittances on same business day

The Reserve Bank of India is speeding up money transfers from abroad. Banks must now credit foreign payments to accounts on the same business day. This change aims to make remittances faster for everyone. Banks have six months to get ready. This move will help millions of people receive money quicker. India is the world's top recipient of these funds.

10 Apr 2026 12:37 am