RBI AD-II Licence — Indel Remit

• Indel Remit received a perpetual Authorised Dealer-II (AD-II) licence from RBI.
• Enables trade-remittance and permitted non-trade current-account transactions under the stated framework.
• Not permitted:
  • Gifts
  • Donations
  • Transactions exceeding ₹25 lakh permissible limit
• Target users:
  • MSMEs
  • Traders
  • Business executives.

Prelims

AD-II licence → Foreign exchange/remittance-related activities → RBI