Can I receive money from abroad

Yes, you can receive money from abroad in India through several regulated channels. Indian residents are allowed to accept foreign remittances for legitimate purposes such as export payments, freelance income, family support, or other permissible transactions under FEMA regulations. The most common methods include direct bank transfers via SWIFT, which route through correspondent banks, or specialized cross-border payment platforms that offer faster processing and better exchange rates. Receiving a foreign remittance in a savings account is straightforward once you provide your bank details and comply with RBI documentation requirements.

Skydo, an RBI-authorized platform, is designed specifically for Indian exporters and freelancers to receive international payments quickly and cost-effectively, on flat, transparent fees that start at USD 19 plus GST per payment, along with competitive exchange rates. Traditional bank SWIFT transfers work reliably but can take 3 to 7 business days and involve higher charges. Alternatively, services like Wise and PayPal are available, though they may have transfer limits or higher conversion costs for Indian users.