EbixCash AD-II Approval: First for Trade Remittances
Why in the news
The RBI gave EbixCash World Money Limited a first-of-its-kind permission among AD-II entities, widening the services such a dealer can offer in July 2026.
Key facts
- Entity: EbixCash World Money Limited.
- Category: Authorised Dealer Category-II (AD-II), the first with this approval.
- Regulator: RBI.
- Limit: up to ₹25 lakh per trade remittance transaction.
Permitted services
| Service | Detail |
|---|---|
| Trade remittances | Up to ₹25 lakh per transaction |
| Family maintenance remittances | Covered by the approval |
| Beneficiaries | MSME importers and exporters get greater support |
Exam angle
- Expand AD-II and name the regulator, RBI.
- Remember the per-transaction cap of ₹25 lakh.