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RBI raises OPGSP export remittance cap to USD 10,000

Current · Source: Reserve Bank of India · RBI/2012-13/528 · issued 11 Jun 2013 · ~2 min read

Quick answerRBI has increased the per-transaction limit for export remittances via Online Payment Gateway Service Providers from USD 3,000 to USD 10,000, effective immediately. This allows higher-value export receipts to be processed through OPGSPs under existing arrangements with AD Category-I banks.

The rule, in the simplest words

The limit for each export payment sent through an Online Payment Gateway Service Provider (OPGSP) is now USD 10,000 instead of USD 3,000.
This higher limit starts right away (effective June 11, 2013) and does not need any extra approvals from the bank.
All other rules from the earlier circulars stay the same, so banks must still follow the same conditions as before.
The change matters for AD Category‑I banks, the OPGSPs they work with, and exporters who receive money through these gateways.

How it plays out — a real example

Ramesh, a foreign‑exchange officer at an AD Category‑I bank in Mumbai, receives a request from an exporter who has just earned USD 8,000 from an overseas buyer through an online payment gateway. Because the new rule allows up to USD 10,000 per transaction, Ramesh processes the receipt instantly without seeking additional clearance and informs the exporter that the funds will be credited the same day.

What changed

The per-transaction value cap for export-related remittances routed through Online Payment Gateway Service Providers (OPGSPs) has been raised from USD 3,000 to USD 10,000. This revision, effective June 11, 2013, follows a review of industry requests and is backed by an amendment to FEMA regulations. All other conditions from earlier circulars remain unchanged.

What it means for you

Banks can now facilitate larger individual export payments via OPGSPs without needing separate approvals, easing cross-border e-commerce for exporters. This reduces the compliance burden on AD Category-I banks for higher-value transactions while maintaining existing safeguards. Exporters benefit from a simpler, faster channel for receipts up to USD 10,000 per transaction.

What you must do

Update internal systems and OPGSP agreements to reflect the new USD 10,000 per-transaction limit.
Notify your export customers and OPGSP partners about the enhanced cap and its immediate effect.
Ensure all other conditions from A.P. (DIR Series) Circular No.17 dated November 16, 2010 continue to be met.
Monitor transactions to confirm they stay within the revised limit and comply with FEMA provisions.

Who it affects

AD Category-I banks, Online Payment Gateway Service Providers (OPGSPs), Exporters using OPGSPs for goods and services

❓ Common questions

Regulatory timeline

Stated effective date effective June 11, 2013
Decoded by BankPulse 2026-06-18 15:22 IST

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Does this circular change any other conditions besides the transaction limit?

No. All other terms and conditions from the earlier circular (A.P. DIR Series Circular No.17 dated November 16, 2010) remain unchanged.

When does the new limit of USD 10,000 take effect?

The revised limit is effective immediately from the date of the circular, June 11, 2013.

Which FEMA regulations back this circular?

The directions are issued under Section 10(4) and Section 11(1) of FEMA, 1999, and the regulations were amended via Notification No.FEMA.274/2013-RB dated April 26, 2013.

📜 Read the original circular — full text as issued by RBI

RBI/2012-13/528

 A.P. (DIR Series) Circular No. 109

 June 11, 2013

 To

 All Category – I Authorised Dealer Banks

 Madam / Sir,

 Processing and Settlement of Export related receipts facilitated by

 Online Payment Gateways – Enhancement of the value of transaction

 Attention of Authorised Dealer Category 1 (AD Category – 1) banks is invited to the A.P. (DIR Series) Circular No.35 dated October 14, 2011 in terms of which AD Category I banks have been permitted to offer the facility to repatriate export related remittances by entering into standing arrangements with Online Payment Gateway Service Providers (OPGSPs) for export of goods and services for value not exceeding USD 3000 per transaction, subject to the conditions stipulated therein.

 2. The present instructions have been reviewed in the context of requests received for suitable enhancement of the value of the transaction from USD 3000. Accordingly, it has now been decided to increase the value per transaction from USD 3000 to USD 10,000 for export related remittances received through OPGSPS. The revised limit will come into force with immediate effect. 

 3. All other terms and conditions issued, vide A.P. (DIR Series) Circular No.17 dated November 16, 2010 , shall remain unchanged. 

 4. AD Category – I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 

 5. Reserve Bank has since amended the Regulations vide Notification No.FEMA.274/2013-RB dated April 26, 2013 and notified vide G.S.R.No.343(E) dated May 29, 2013.

 6. The directions contained in this circular have been issued under Section 10 (4) and Section 11 (1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. 

 Yours faithfully,

 (C.D. Srinivasan)

 Chief General Manager

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/528 · issued 11 Jun 2013. The plain-English explanation above is BankPulse’s own independent summary.

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Who does what — compliance checklist

💻 IT / Systems

Update internal systems and OPGSP agreements to reflect the new USD 10,000 per-transaction limit.

📜 Compliance

Notify your export customers and OPGSP partners about the enhanced cap and its immediate effect.
Ensure all other conditions from A.P. (DIR Series) Circular No.17 dated November 16, 2010 continue to be met.
Monitor transactions to confirm they stay within the revised limit and comply with FEMA provisions.

Grouped from the action items above — a single circular may involve more than one team.

Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (AD Category-I banks, Online Payment Gateway Service Providers (OPGSPs), Exporters using OPGSPs for goods and services), your first concrete step on “RBI raises OPGSP export remittance cap to USD 10,000” is: “Update internal systems and OPGSP agreements to reflect the new USD 10,000 per-transaction limit.” (RBI issued this 11 Jun 2013).

Circular: RBI/2012-13/528 -- RBI raises OPGSP export remittance cap to USD 10,000
Issued: 11 Jun 2013
Action required: Update internal systems and OPGSP agreements to reflect the new USD 10,000 per-transaction limit.
Action required: Notify your export customers and OPGSP partners about the enhanced cap and its immediate effect.
Action required: Ensure all other conditions from A.P. (DIR Series) Circular No.17 dated November 16, 2010 continue to be met.
Action required: Monitor transactions to confirm they stay within the revised limit and comply with FEMA provisions.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________

Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8030&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.