Can Inward remittance for consultancy services be transferred to Saving account?


Amit jain   06 December 2019

Amit jain

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I am acting as sales consultant for a German MNC. I issue monthly invoices to them in my name for my consultancy fees. 

Can i route it to my saving account?

If yes, what should be the purpose of remittance. 

The amount is less than 1,50,000 every month

CS Malay M Pota (Company Secreatary)     07 December 2019

CS Malay M Pota
Company Secreatary 
 86 likes  2669 points

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You can i dont think that there is any restriction in doing so by the RBI


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