EbixCash — RBI Approval for Trade Remittances

Development

EbixCash World Money Ltd became India's first AD-II entity to receive RBI authorisation for trade remittances.

What is AD-II?

Authorised Dealer Category-II

New Permission

Trade remittances up to:

₹25 lakh per transaction

Also:

• Family maintenance remittances
• Support for MSME import/export transactions

Nostro Accounts

EbixCash also received RBI authorisation to maintain Nostro accounts.

Why Important?

Can facilitate international settlements more directly without routing every transaction through intermediary correspondent banks.

Prelims

EbixCash → First AD-II → Trade remittances → ₹25 lakh