Foreign Exchange Department — reserve bank of india [rbi] whatsapp award
Ludhiana, Punjab, India
AjAjay kumar dhanuk on Jun 22, 2019
THE RESERVE BANK OF INDIA,
6, SANSAD MARG, JANPATH, NEW DELHI,
H.O. 110001, NEW DELHI.
Office Timings: Working Hours
Weekdays: 9:30 A.M to 5:30 P.M
Saturdays: 10:00 A.M to 1:30 P.M.
Our ref: CBN/WGH/Oxd1/2019
Payment file: RBI/ID3992/2019
Payment Amount: 500, 000.00 USD (3 CRORES RUPEES)
File Code No: 200TI005/RBI
Dear Customer: Ajay kumar Dhanuk,
Welcome to Reserve Bank Of Bank (RBI), Online Foreign Exchange Department (E-Banking/Online Wire Transfer Section). We have received your Bank Draft of $500, 000.00 USD (Three Crores Rupees) from WHATS-APP INC USA. Your Bank Draft of $500, 000.00 USD (Three Crores Rupees) from WHATS-APP INC USA is ready for transfer to your bank account which you have provided but before we can proceed with the transfer, you need to know that your Bank Draft of $500, 000.00 USD (Three Crores Rupees) is a foreign cheque and must be converted to India rupees.
In accordance with Government of India and the monetary law guiding the financial institutes in India, any conversion from one currency to another, both incoming and outgoing will be charged a service tax on the gross amount of currency exchanged as per the following slabs. – 0.14 % of the gross amount of currency exchanged for an amount up to INR.
Value of Foreign Currency Exchange (In INR/Per Transaction) Service Tax applicable (Wef 1st June[protected]Per Transaction)
Upto Rs. 1, 00, 000 0.14% of the amount of currency, subject to minimum of Rs. 35/-
From Rs. 1, 00, 000 to 10, 00, 000 Rs. 140 + 0.07% of the amount of currency exceeding Rs. 1, 00, 000
Above Rs. 10, 00, 000 Rs. 770 + 0.014% of the amount of currency exceeding, Rs. 10, 00, 000 subject to Maximum amount of Rs. 60, 000/-
As per the Amendment of the Ministry of Finance Vide Notification No. 03/2012 dated 17th March 2012, Service Tax on Foreign Exchange must be paid before the transfer of your $500, 000.00 USD (Three Crores Rupees) from WHATS-APP INC USA to your bank account can Commence. We need to convert Your Total amount of $500, 000.00 USD from United State Dollars into 30, 000, 000.00 INR Rupees. To carry out this conversion procedure, you need to pay Registration and Foreign Currency Exchange fees of 18, 500 INR. This is in accordance with the monetary law guiding the financial institutes in India and it is a mandatory Fee which is Refundable.
Kindly get back to us to enable us send you our correspondent Bank account to make deposit.
Giving the best in banking system is our priority.
Mrs. Savita Singh,
Foreign Exchange Department
Reserve Bank Of India (RBI).
The information contained in this e-mail and any attachments there to ("e-mail") is sent by the Reserve Bank of India (RBI) and is intended to be confidential and for the use of only the individual or entity named above. The information may be protected by federal and state privacy and disclosures acts or other legal rules. If the reader of this message is not the intended recipient, you are notified that retention, dissemination, distribution or copying of this e-mail is strictly prohibited.
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