Transfer amount from abroad
NICSON JOHN (514 Points)
06 March 2023NICSON JOHN (514 Points)
06 March 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178136 Points)
Replied 07 March 2023
There is restriction on resident Indians to borrow loan from NRI; by RBI under FEMA act.
Your friend needs to get permission from RBI to receive the money in his account.