MTSS ( Money Transfer Service Scheme) is the most convenient scheme in India for the purpose of Inward remittance of money from abroad to India and it can be availed by any individual including Foreigners who has come to visit India. Using MTSS facility money can easily be transferred to India without any hassle and speedily also. It is to be noted that no outward remittance can be done through MTSS.
What is MTSS (Money Transfer Service Scheme)
Indian Agent Registration under Money Transfer Service Scheme
If anyone wants to send or remit money to India then through Money Transfer Service Scheme it can be done.
Reviewed by: BIATConsultant CA, CS, legal, tax, finance, and compliance expert team.
Last reviewed: May 28, 2026.
Relevant official references: Reserve Bank of India, Intellectual Property India.
Important note: Timelines, government fees, professional fees, document requirements, and approvals depend on the applicable authority, applicant profile, document readiness, and current regulatory process.
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