Mumbai :  The Reserve Bank allowed payments to utility service providers, tax payments, and EMI payments in India with a view to expand the scope of cross-border inward remittances.

Cross-border inward remittance is a Rupee Drawing Arrangement (RDA) were remittances are received in India through exchange houses situated in gulf countries, Hong Kong, Singapore and Malaysia (for Malaysia only under Speed Remittance Procedure). RBI said that payments to utility service providers in India, for services such as water supply, electricity supply, telephone (except for mobile top-ups), internet, television, tax payments and EMI payments in to Banks and Non-Banking Financial Companies (NBFCs) for repayment of loans, would be allowed under RDA.

RDA also includes Payments to medical institutions and hospitals for medical treatment of NRIs.

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