Transactions

Additional Recommendations from Strategy India

Payment of commissions/incentives to the direct sellers should be made via banks or platforms permitted by Reserve bank of India.
The payment should be made using valid instruments like Cheques / Demand drafts / Pay orders/ Wire Transfers (ECS, NEFT/EFT, RTGS, etc.) only.
The company should receive the payments against sales of product/s in its bank account/s in India and make payments to direct sellers in India via its bank accounts in India.
The company should have an account in Indian territory with a bank recognised by Reserve Bank of India through which the payments shall be received and made.