Indel Remit gets RBI approval to offer trade remittance services up to ₹25 lakh
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Umesh Mohanan, Executive Director and Chief Executive Officer of Indel Money
Indel Money Limited announced that its foreign exchange arm, Indel Remit, has secured approval from the Reserve Bank of India to provide trade remittance services.
Key Takeaways
- Indel Money’s forex arm Indel Remit received RBI approval to offer trade remittance services up to Rs 25 lakh per transaction.
- The Mumbai-based firm can now handle non-trade current-account transactions under FEMA, excluding gifts and donations.
- The approval strengthens Indel Remit’s position in India’s growing cross-border payments landscape.
- Traders can now execute payments up to Rs 25 lakh per transaction through the platform.
“Following the new license, Indel Remit, based in Mumbai, may now carry out any non‑trade current‑account transaction allowed under the Foreign Exchange Management Act, except for gifts, donations, and foreign‑trade deals, with a limit of ₹25 lakh per transaction.”
“This development bolsters the firm’s position in India’s growing cross‑border payments landscape. Traders can now execute swift, safe, and dependable payments of up to ₹25 lakh per transaction via the Indel Money division, according to the company’s statement.”
Umesh Mohanan, Executive Director and CEO of Indel Money, emphasized that the company aims to make international transactions more accessible, efficient, and transparent, while upholding the highest standards of regulatory compliance and customer service.
Published on August 6, 2026
