Indian banks are intensifying scrutiny on overseas money transfers, demanding detailed proof of fund origins from individuals and businesses. This heightened caution, particularly for remittances from NRO accounts, arises amid the rupee's slide and increased customer urgency to move funds abroad, leading to compliance hurdles.
Rich Indians rush to transfer money abroad as rupee falls, banks expand regulations
Published 4 hours ago
Source: timesofindia.indiatimes.com
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