RBI mandates payment of inward remittances on same business day
Published on: April 10, 2026, 12:37 a.m. | Source: The Economic Times
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.
