Category
Forex
Foreign exchange regulations, remittances, LRS, and currency conversion.
Articles
MT 104 Explained: Direct Debit and Request for Debit Transfer
How a bank collects funds from multiple payer accounts under standing mandates, bundled into a single SWIFT message.
14 Aug 2026 · 2 min read MT 102 Explained: Multiple Customer Credit TransferHow banks bundle many individual customer payments — like a payroll run — into one efficient SWIFT message.
13 Aug 2026 · 2 min read MT 101 Explained: Request for TransferHow a corporate treasury centralises payment instructions across multiple banks and accounts using a single MT 101 request.
12 Aug 2026 · 2 min read MT 103 Explained: Every Field in a SWIFT Customer Credit TransferA field-by-field walkthrough of MT 103, the SWIFT message that carries an international wire transfer — what 32A, 50a, 57a, 59a, 71A, and every other field actually mean.
11 Aug 2026 · 4 min readFrequently Asked Questions
Yes. The LRS ceiling is an annual limit tied to the financial year (April–March) and resets at the start of each new financial year.
Each resident individual, including minors (through a guardian), has their own separate LRS limit, so family members can each remit up to their individual ceiling.