Reserve Bank of India (RBI) Grants Perpetual Trade Remittance License to Indel Money Arm Indel Remit

Exam-focused facts from the 12 August 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has granted a perpetual license to Indel Remit, an arm of Indel Money, to offer trade remittance services.
Indel Remit, headquartered in Mumbai, currently holds an RBI Authorized Dealer Category-II license for foreign exchange business.
The new license authorizes Indel Remit to undertake any non-trade current account transaction, except gift and donation, and foreign trade transactions up to ₹25 lakh per transaction.
Traders can now make payments of up to ₹25 lakh per transaction for foreign trade through Indel Remit.
The perpetual license expands Indel Remit's foreign exchange capabilities and strengthens its role in India's cross-border payments ecosystem.