Foreign Inward Remittance (FIR) is a term used to describe the transfer of money from a foreign source to an individual or entity in India. It can be a fund transfer from a foreign bank account to an Indian bank account or a transfer of cash or other financial instruments from a foreign entity to an Indian entity. FIR can be used for several purposes - personal or business transactions, investments, or even as a gift from a companion or family member living abroad. Read more here- https://www.salt.pe/blog/foreign-inward-remittance-advice-fira Salt is a fintech startup based out of Bangalore, helping businesses thrive in the international market with effortless international payments and the compliances. Read more about Salt here: https://www.salt.pe