Mulya accounts have specific restrictions on certain business types that can accept international payments. Below are the categories that are currently not supported:
- Gems and Jewelry: Export or trading of precious metals, gems, and jewels.
- Money Transfer Businesses: Any operations related to transferring money.
- Drop-Shipping: Businesses involved in drop-shipping from warehouses outside of India.
- Travel-Related Services: Services associated with travel.
- Oil, Petroleum, and Alcohol: Transactions involving these commodities.
- Crypto or Blockchain Services: Activities related to cryptocurrencies or blockchain technology.
- Non-Profit and Donation Activities: Including fundraising and charitable contributions.
- IT Support Services: Remote assistance for households, including security services like antivirus and malware installations.
- Copyrighted Material: Selling copyrighted materials without proper licenses.
- Pharmaceuticals and Related Products: Exporting or trading in pharmaceutical products.
- Chemicals and Related Products: Any business involving chemicals.
These restrictions are in place to ensure compliance with RBI’s guidelines and to maintain the integrity of the financial system.