To settle your foreign payments in INR, you need an Indian bank account with an AD1 category bank. This account must support NEFT transfers.
Key Points:
- The bank account must be in the name of the entity or individual whose documents were submitted for KYC verification.
- Third-party or unrelated entity accounts cannot be used for settlement.
NRE/NRO Accounts for Settlement
Generally, we discourage the use of NRE/NRO accounts for settlement. However, if this is your only option, please contact our support team to explore a potential solution: Contact Us.
Joint Accounts for Settlement
Currently, we do not support joint bank accounts for settlement. However, we plan to accommodate this in the near future, subject to the following condition:
- PAN details of all joint account holders will be required.
If this applies to you, reach out to our support team for assistance: Contact Us.