Compare the best international payment platforms and see why freelancers choose Skydo for faster, cheaper transfers.

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The top international payment aggregators in India for 2026 are Skydo, Wise, Razorpay, Cashfree, Payoneer and PayPal.

We ranked them on total cost first, then on the compliance paperwork each one hands you, how fast money reaches your Indian bank, and how easy it is for your overseas client to pay. RBI licence status works as a filter: every platform here is either fully authorised or holds in-principle approval as a Payment Aggregator – Cross Border (PA-CB).

Skydo ranks first because it is the most affordable option here at every invoice size above about $1,900, publishes its price at every band, and is the only platform on this list that automates eBRC as well as issuing a free FIRA on every payment. Wise ranks second for small invoices from clients in many countries. Razorpay ranks third for businesses that take card payments as well as bank transfers. PayPal ranks sixth because its all-in cost can run close to 8% once fees, FX markup and GST are stacked.

The right choice depends on your typical invoice size, whether your clients pay by bank transfer or card, and how much of the export paperwork you want handled for you.

<a></a>The Top 6 International Payment Aggregators in India in 2026

<a></a>How Do the Top International Payment Aggregators Compare on Cost and Speed?

On a $5,000 invoice, the most affordable platform here charges $29 and the most expensive around $350. Skydo's flat fee wins once an invoice crosses about $1,900, because its fee stops growing while percentage fees keep climbing.

Fees are headline platform fees before GST. Skydo adds 18% GST to its fee. Wise includes a roughly $2 e-FIRC charge. Checked September 2026.

Invoice size decides the winner. Under about $1,900, percentage fees from Razorpay or Wise cost less. Above that, Skydo's flat fee is the cheapest at every band, and above $10,000 its 0.3% still sits below every percentage-based option here.

Watch the FX markup. A zero-fee claim means little if the exchange rate sits 2% to 4% below mid-market, which is where most of Payoneer's and PayPal's cost hides.

Published pricing saves you a sales call. Skydo publishes a rate at every invoice size. Cashfree publishes its card pricing only, and Payoneer only part of its fees.

What Getting Paid Actually Costs: A Worked Example

A Bengaluru development agency bills three US clients $4,000 each every month, plus one enterprise client $15,000. That is $27,000 a month across four invoices.

None of these platforms charge a subscription or monthly fee. Every figure above is a per-transaction fee, added up across the invoices.

Cashfree is left out because its Global Collections account caps each invoice at $10,000, so the $15,000 payment would need a different route.

Skydo costs about half of what Razorpay or Wise charge on this mix, because its fee stays flat on each $4,000 invoice while percentage fees keep climbing. Beyond cost, what separates the platforms is whether FIRA arrives on its own, whether eBRC is handled, and how fast the rupees land.

The bigger saving is leaving PayPal. On $27,000 a month, moving to Skydo keeps roughly $1,750 a month, or over $21,000 a year, in the agency's account.

<a></a>How Do the Top International Payment Aggregators Compare on Support, Licence and Compliance?

Price is one part of the decision. The other part is whether the platform is fully authorised by the RBI, which currencies your clients can pay in locally, and how much export paperwork it takes off your hands.

Start with licence status. Final authorisation means the RBI has cleared the platform's capital, technology and audit requirements. In-principle approval means the application is accepted and the final decision is still pending.

Then check FIRA timing. You need a FIRA for each export payment to claim GST refunds and match EDPMS or SOFTEX entries. A weekly or period summary makes reconciliation slower.

Then check eBRC. Goods exporters and Amazon Global Selling sellers need it, and most platforms leave you to generate it on DGFT yourself.

Review sites add a useful reality check to the table above. A few patterns come up repeatedly:

<a></a>Top 6 International Payment Aggregators Reviewed in Detail

<a></a><a href="https://www.skydo.com/">1. Skydo</a>

Best for: Service exporters, agencies and SaaS companies invoicing overseas clients $2,000 or more per payment. RBI status: Final PA-CB authorisation, inward and outward Receiving accounts: US, UK, Canada, Australia and 10+ more countries

Skydo is an RBI-authorised cross-border payments platform built for Indian exporters and freelancers. For receiving into India, its advantage is a flat fee that stays fixed as your invoices grow, with the export paperwork issued on every payment.

Choose it if: Most of your invoices are above $2,000 and you want FIRA and eBRC handled without asking.

Best for: Freelancers with small invoices from clients in many countries. RBI status: Final PA-CB-I approval in March 2026 Receiving accounts: 24 currencies, clients in 140+ countries

Wise is the best-known name for sending money abroad at the real exchange rate. For receiving into India, its advantage is reach, and its cost grows with every dollar you invoice.

Choose it if: Your invoices are small, your clients are spread across many countries, and you don't mind paying for each e-FIRC.

<a></a>3<a href="https://razorpay.com/">. Razorpay</a>

Best for: Businesses already on Razorpay that take international card payments as well as bank transfers. RBI status: Final PA-CB authorisation Receiving accounts: USD, EUR, GBP, AUD, CAD, DKK and more, plus SWIFT

Razorpay is India's best-known domestic payment gateway. For exporters it runs a separate product, the MoneySaver Export Account, alongside its international card gateway.

Choose it if: You already use Razorpay and a good share of your overseas customers pay by card.

<a></a>4<a href="https://www.cashfree.com/">. Cashfree</a>

Best for: Merchants taking international cards, and exporters whose invoices stay under $10,000. RBI status: Final PA-CB authorisation Receiving accounts: USD, GBP, EUR, CAD, plus SWIFT for 30+ currencies

Cashfree became the first company in India to receive a PA-CB licence, in July 2024. It offers two products: a card gateway for checkout and Global Collections accounts for invoice payments.

Choose it if: You need a card gateway first and receive occasional invoices under $10,000.

<a></a>5<a href="https://www.payoneer.com/en-in/">. Payoneer</a>

Best for: Freelancers and sellers paid through Amazon, Upwork or Fiverr. RBI status: In-principle PA-CB approval Receiving accounts: Major currencies, plus direct marketplace payouts

Payoneer's value is its marketplace connections. If Upwork or Amazon pays you, the money lands in your Payoneer balance without a receiving fee. The cost shows up when you convert to rupees.

Choose it if: Most of your income comes through a marketplace that pays into Payoneer.

<a></a>6<a href="https://www.paypal.com/in/home">. PayPal</a>

Best for: Clients who prefer paying via PayPal. RBI status: In-principle PA-CB approval, exports only Receiving accounts: PayPal balance and cards

PayPal is the first payment method most Indian freelancers use, and the one most overseas clients recognise. That familiarity is its only remaining edge for Indian exporters.

Choose it if: A specific client insists on PayPal. Move everyone else to a collection account.

<a></a>How We Ranked These International Payment Aggregators

We scored each platform on four factors, weighted by what an exporter feels on every payment, and used RBI licence status as a filter and a tiebreaker.

No platform wins at every invoice size. At $1,000, Razorpay's and Wise's percentage fees come in cheapest. From about $1,900 upwards, Skydo is the cheapest at every band. Skydo ranks first overall because it leads on cost above that point, publishes a price at every band, and scores highest on paperwork. A lower rank doesn't make a platform worse for everyone: Payoneer is still the easiest route for an Upwork freelancer.

Pricing and licence status change often, so check the provider's own site before you sign up.

<a></a>Which International Payment Aggregator Is Right for Your Business?

<a></a>If your invoices are usually above $2,000

Choose Skydo. Its fee stays fixed at $29 on every invoice from $2,001 to $10,000, and it automates eBRC as well as FIRA.

<a></a>If your invoices are usually under $1,000

Choose a percentage-based option: Razorpay's MoneySaver at 1%, or Wise. A $19 to $29 flat fee is a large slice of a small invoice.

<a></a>If you have invoices above $10,000

Choose Skydo, which charges 0.3% above $10,000 with zero FX markup. Avoid Cashfree's Global Collections, which caps each invoice at $10,000.

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SWIFT GPI (Global Payments Innovation) is a service launched in January 2017 to make cross-border payments faster, more transparent, and easier to track. It builds on SWIFT's existing messaging and correspondent-banking infrastructure instead of replacing it. With GPI, you get:

Also Read: <a href="https://www.skydo.com/blog/swift-money-transfer-ultimate-guide">SWIFT Money Transfer: Process, Fees, and Timeline.</a>

How Does SWIFT GPI Work for International Transfers?

SWIFT GPI works by associating each eligible cross-border payment with a Unique End-to-End Transaction Reference (UETR), which is a 36-character UUID when the payment is initiated.

The UETR remains associated with the payment message throughout its journey, thereby allowing participating banks to identify and track the transaction across the correspondent banking chain. Here is how it looks:

SWIFT reports that 75% of cross-border payments reach the beneficiary bank within 10 minutes. Nearly 60% are credited to end beneficiaries within 30 minutes, while almost 100% are credited within 24 hours, according to SWIFT's GPI performance data.

However, reaching the beneficiary bank does not necessarily mean the money has appeared in the recipient's account. SWIFT estimates that the last mile accounts for around 80% of a payment's total journey time. In India, local regulatory checks, foreign-exchange controls, manual processing, and other domestic banking requirements can contribute to this delay.

Bonus: If a payment arrives with a lower amount than expected, intermediary-bank charges may be one reason. Make sure you know the reasons why a certain <a href="https://www.skydo.com/blog/swift-transfer-charges">amount was deducted from your SWIFT payment</a>.

SWIFT GPI vs Traditional SWIFT Wire: What Actually Changes?

The core difference between a traditional SWIFT wire and SWIFT GPI is that both use the same underlying correspondent-banking network, but GPI adds end-to-end tracking, defined processing commitments, and greater fee transparency.

The main practical difference is visibility. A traditional SWIFT payment can move through several correspondent banks without the sender or recipient having a clear view of where it is or what has been deducted. GPI connects the payment to a UETR and provides participating banks with end-to-end tracking and confirmation.

Note that GPI's fee transparency does not mean that fees are fixed in advance. Each bank can still set its own charges. However, applicable deductions made during the payment journey become more visible to the parties tracking the payment.

One important change to the traditional SWIFT payment system is the completion of the ISO 20022 migration on 22 November 2025. The coexistence period between legacy MT messages and ISO 20022 messages for cross-border payments and reporting ended on that date, thereby making ISO 20022 the standard for cross-border payment instructions.

ISO 20022 uses richer and more structured payment data, which supports better reconciliation, automation, operational efficiency, and compliance. The ISO 20022 pacs.008 message is the modern equivalent of the legacy MT103 customer credit transfer message, although Swift's conversion services continue to support remaining legacy messages during the transition.

Bonus: Businesses looking to avoid the complexity of traditional SWIFT payments altogether can explore the <a href="https://www.skydo.com/blog/best-swift-payment-alternative">best SWIFT payment alternatives</a>.

The SWIFT GPI Tracker is a secure, cloud-based tracking system that provides participating financial institutions with visibility into the status and progress of GPI payments. It uses the UETR as the common reference for identifying and tracing a payment throughout its journey.

The Tracker brings together payment-status information, timing data, fee information where available, and delivery or credit confirmations, all linked to the same UETR.

UETR stands for Unique End-to-End Transaction Reference. It is a 36-character string formatted according to the UUID standard, for example, xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx.

The UETR is generated when the payment is initiated and is passed through the payment chain unchanged. This allows participating banks to identify the same transaction throughout its journey rather than assigning a different tracking reference at each stage.

Note that UETRs are not limited to GPI transactions. Since the 2018 SWIFT Standards Release, relevant SWIFT payment messages must carry a UETR regardless of whether the bank is a GPI member.

UETR can be regarded as a courier tracking number for your money. It gives banks a common reference for identifying and tracing the payment as it moves through the banking chain.

As participating banks process a payment, relevant status updates and confirmations are made available to the GPI Tracker against the UETR. Banks can access Tracker information through supported interfaces, including APIs, depending on their implementation.

The Tracker can provide status information such as whether a payment is in progress, rejected, on hold, delivered, or credited. For example, ACSC (Accepted Settlement Completed) indicates that the account with the servicing institution has been credited.

GPI also supports the transmission of remittance information through the payment chain without alteration. This helps to preserve invoice references and payment notes as the transaction moves between banks.

The GPI Tracker is primarily a bank and financial-institution tool. End recipients such as Indian exporters and freelancers do not access the underlying Tracker directly through a public portal. They can see GPI tracking information only when their bank or financial service provider makes that information available through its own portal or service.

<a></a>What UETR Means for Indian Recipients

For Indian exporters and freelancers receiving international payments, the UETR is one of the most useful references for tracing a delayed payment. The recipient can give the UETR to their bank, which can use it to identify and trace the payment through the banking chain.

For compliance and reconciliation, Indian businesses may also receive separate inward-remittance documentation such as an FIRA from their bank. The FIRA and UETR serve different purposes, and hence, should not be treated as a replacement for the bank's remittance documentation.

You can ask your foreign client to share the UETR when the payment is initiated. Having the reference from the start makes it easier to trace the payment if a delay occurs.

Also Read: <a href="https://www.skydo.com/blog/is-ifsc-and-swift-code-same">Are the IFSC and SWIFT code the same</a>?

SWIFT GPI has several limitations around correspondent banking, payment costs and transparency, and access to tracking data.

GPI improves how a payment is tracked, but the underlying correspondent banking process can still introduce delays and dependencies.

GPI makes charges during the payment journey more visible, but it does not eliminate intermediary fees or give senders control over what individual banks charge.

GPI tracking is primarily designed for participating financial institutions, which means end recipients do not automatically get direct access to the Tracker.

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PA-CB (Payment Aggregator – Cross Border) is an RBI-regulated framework for entities that facilitate cross-border payments through e-commerce channels for permissible import and export transactions involving goods and services.

The RBI introduced the PA-CB framework through its October 31, 2023 circular, bringing entities that facilitate cross-border payments under direct RBI regulation. The framework was introduced under the Payment and Settlement Systems Act, 2007, along with applicable FEMA requirements.

<a></a>How Did the PA-CB Framework Replace the Earlier OPGSP Model?

Before the PA-CB framework, Online Payment Gateway Service Providers (OPGSPs) facilitated certain cross-border transactions through arrangements with Authorised Dealer (AD) banks. The October 31, 2023 framework brought eligible OPGSPs within the PA-CB regulatory framework, subjecting them to direct RBI authorisation and compliance requirements.

<a></a>What Are the Current PA Categories?

Under the RBI (Regulation of Payment Aggregators) Directions, 2025, issued on September 15, 2025, payment aggregators are classified into three categories:

PA-CBs are further classified based on whether they facilitate inward cross-border transactions, outward cross-border transactions, or both, subject to the applicable regulatory requirements.

Key compliance requirements for obtaining a PA-CB license:

A non-bank entity carrying out payment aggregator activities covered by the framework must obtain a Certificate of Authorisation (CoA) from the RBI. Therefore, businesses describing themselves as RBI-authorised PA-CBs should have the relevant RBI authorisation to undertake the activities covered by the PA-CB framework.

What Are the Sub-Categories of RBI PA-CB License?

Under the RBI's current framework, PA-CB activity is divided into inward (PA-CB-I) and outward (PA-CB-O) transactions, with some entities authorised for both.

A PA-CB-I authorisation covers eligible cross-border payments flowing into India. This is the relevant category for Indian freelancers, agencies and exporters that need to receive payments from overseas customers.

A PA-CB-O authorisation covers eligible cross-border payments flowing out of India to overseas merchants. It is relevant when an Indian business uses a platform to pay foreign suppliers or service providers.

Some payment aggregators hold PA-CB-I &amp; O authorisation, allowing them to facilitate eligible inward and outward cross-border transactions. RBI's authorised-entity listings use this notation for entities approved for both directions.

For Indian freelancers, agencies and service exporters receiving payments from foreign clients, PA-CB-I is the relevant sub-category because it covers eligible inward cross-border transactions.

Which Platforms Are on the RBI PA-CB List?

As of January 2026, 19 entities had received final RBI authorisation to operate as Payment Aggregators-Cross Border (PA-CB). The approvals came in distinct waves, starting in July 2024 and accelerating toward the end of 2025.

Cashfree Payments became the first PA-CB license holder on July 22, 2024. Amazon Pay India and Adyen India followed on July 25, both with inward authorisation, while IndiaIdeas.com (BillDesk) received approval for both export and import transactions on July 29.

Pay10 Services received PA-CB authorisation on November 6, 2024, with authorisation for both inward and outward transactions. Worldline ePayments India also received PA-CB authorisation for both directions.

The number of final approvals increased sharply toward the end of 2025. PayGlocal received authorisation for both inward and outward transactions on November 18, 2025. Pine Labs, Easebuzz, PayU Payments and Airpay followed in November. Razorpay received its PA-CB authorisation on December 2, while Paytm Payments Services received authorisation covering online, physical and cross-border payment aggregation in December. Mswipe Technologies was also among the December approvals.

<a></a>Wave 4: December 2025–January 2026

BriskPe received PA-CB-I &amp; O authorisation on December 26, 2025. Skydo received final PA-CB authorisation on January 9, 2026, and was reported at the time as serving 30,000+ MSMEs. Unlimit was also among the entities receiving final PA-CB authorisation during this period. These approvals brought the total number of fully authorised PA-CB entities to 19 by January 2026.

The RBI regularly updates its authorised-entity information. Check the<a href="https://rbi.org.in/Scripts/PublicationsView.aspx?id=12043"> RBI's official authorised entities list</a> for the latest PA-CB status and authorisation category before choosing a provider.

What are the Risks of Using a Platform Not on RBI PA-CB List?

Using a cross-border payment platform that is not appropriately authorised can create legal and regulatory, financial and operational, and security and data risks for Indian businesses.

Skydo as a RBI PA-CB Compliant Platform for Indian Businesses

For Indian businesses looking for a regulated way to receive international payments, <a href="https://www.skydo.com/">Skydo </a>operates under the RBI’s PA-CB framework for inward cross-border transactions. Its features are:

Skydo is a platform suitable for Indian freelancers, agencies, service exporters, goods exporters and online sellers receiving international payments.

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Embedded payments are payment capabilities built directly into a software product or digital platform, thereby allowing users to pay without being redirected to a separate checkout page or payment gateway. The payment becomes part of the product experience rather than a standalone step.

For example, when you book a ride on Uber, you do not normally open a separate payment page at the end of the trip. Your saved payment method is charged automatically once the ride is completed. The payment process runs in the background while you continue using the service.

Embedded payments can also handle transactions involving multiple parties. A platform can collect money from its customer and route the appropriate amount to a third-party seller or service provider within the same payment flow. DoorDash and Shopify, for example, use payment infrastructure that supports transactions between platforms, customers, and sellers.

Embedded payments are part of the broader concept of embedded finance, which refers to financial services built into non-financial products. While embedded finance also includes services such as lending, insurance, and banking, payments are one of its most widely used applications.

From the customer's perspective, the key feature is seamlessness. Instead of treating payment as a separate interaction, the transaction happens naturally within the product they are already using.

Embedded payments work by connecting a platform directly to payment infrastructure through APIs. This allows the payment to be captured, secured, authorised, settled, and recorded within the same app or website, without sending the customer to a separate checkout page.

<a></a>Two Ways to Implement Embedded Payments

Platforms generally have two implementation options:

<a></a>How the Approach Varies by SaaS Platform

The right setup also depends on the type of software platform:

Related: <a href="https://www.skydo.com/receive-international-payments-in-india">How to receive international payments in India</a>

What Are the Different Types of Embedded Payments?

The different types of embedded payments can be understood in two ways, i.e., by what the payment is designed to do and by how the payment infrastructure is integrated into the platform. This distinction helps explain both the customer-facing use case and the technology behind it.

Embedded payments are useful for businesses that collect or move money as part of a digital product, particularly software platforms, marketplaces, and online services. They allow customers to pay within the platform's existing workflow instead of being sent to a separate payment page.

What Are the Key Benefits of Embedded Payments?

The key benefits of embedded payments include higher conversion rates, new revenue opportunities, greater control over the payment experience, better access to transaction data, faster issue resolution, and stronger customer retention.

What Are the Challenges and Hidden Costs of Embedded Payments?

The main challenges of embedded payments include technical integration, regulatory compliance, ongoing maintenance, merchant onboarding, pricing complexity, and the added work of expanding into new markets.

Real-world embedded payments are common in apps where payment is built directly into the service. Ride-hailing, food delivery, quick-commerce, and e-commerce platforms let customers complete transactions within the same app instead of sending them to a separate payment page.

Ride-hailing apps make payment part of the journey, i.e., right from booking the ride to settling the final fare.

Food and grocery apps integrate payment directly into the ordering process, thereby keeping checkout within the same experience.

Large commerce platforms combine shopping with integrated payment options so customers can complete purchases without leaving the ecosystem.

Each of these examples show how embedded payments can remove friction from everyday transactions. Indian freelancers and agencies receiving international payments can apply the same principle to cross-border collections, with straightforward pricing, payment tracking, and automatic remittance documentation without unnecessary gateway redirects or hidden FX markups.

Also Read: <a href="https://www.skydo.com/blog/future-of-cross-border-payments">Future of cross-border payments: 2030 and beyond</a>

Embedded Payments vs Integrated Payments: Key Differences

The key difference between embedded and integrated payments is how deeply payment functionality is built into the platform and how much control the platform retains over the payment experience. Integrated payments connect software with an external payment provider, while embedded payments make payment capabilities a native part of the platform's workflow.

Integrated payments generally leave the regulated payment services with the external provider, although the platform still has its own security and data responsibilities.

Embedded payments can shift additional obligations to the platform, including merchant onboarding, KYC, fraud monitoring, and dispute management. A PayFac-as-a-Service provider can take on some of these responsibilities.

How Does Skydo Help Indian Businesses Receive Global Payments

Skydo is one such <a href="https://www.skydo.com/blog/payment-gateway-for-international-payments-india?utm_source=chatgpt.com">payment gateway </a>that simplifies international payment collection for Indian businesses and freelancers by combining multi-currency receiving accounts, transparent pricing, fast INR settlement, and automated remittance documentation in one platform. This reduces the manual work often involved in receiving and reconciling overseas payments. <a href="https://www.skydo.com/">Skydo</a> offers:

Skydo setup takes 5 minutes. The platform supports goods and service exporters, freelancers, and Amazon Global Selling sellers receiving international payments, subject to the applicable documentation and eligibility requirements.

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The Cash Reserve Ratio (CRR) is the percentage of a commercial bank's Net Demand and Time Liabilities (NDTL) that it must maintain as cash reserves with the Reserve Bank of India (RBI). Banks cannot use the CRR portion of their funds for lending or investment, which ensures that they maintain a minimum level of liquidity.

The RBI sets and revises the CRR based on prevailing economic and liquidity conditions. NDTL broadly includes a bank's demand and time liabilities, such as balances in savings accounts, current accounts, and fixed deposits.

CRR is one of several monetary policy tools available to the RBI. Others include the repo rate, Standing Deposit Facility, Statutory Liquidity Ratio (SLR), and open market operations. Banks do not earn interest on the cash balances maintained with the RBI as CRR. This makes CRR a cost for banks because the reserved funds cannot be deployed for lending or other income-generating activities.

<a></a>What Is the Current Cash Reserve Ratio in India (2026)?

The current Cash Reserve Ratio (CRR) in India is 3.00% of a bank's Net Demand and Time Liabilities (NDTL). The RBI reduced the CRR from 4.00% to 3.00% in 2025, with the final 3.00% rate taking effect from the reporting fortnight beginning November 29, 2025. The rate remains at 3.00% in 2026.

The RBI announced the 1 percentage-point reduction in June 2025 to ease liquidity conditions in the banking system. Instead of cutting the CRR from 4.00% to 3.00% at once, the RBI implemented the reduction in four equal 25-basis-point steps:

<a></a>How Is Cash Reserve Ratio Calculated?

The Cash Reserve Ratio (CRR) is calculated by applying the CRR percentage set by the Reserve Bank of India (RBI) to a bank's Net Demand and Time Liabilities (NDTL). NDTL is the money a bank owes to its customers through deposits and certain other liabilities. The formula is:

CRR amount = NDTL × CRR rate ÷ 100

Suppose a commercial bank has ₹500 crore in NDTL. This represents the bank's applicable demand and time liabilities, including amounts it owes to customers through deposits. With the RBI's current CRR at 3%, the bank must keep 3% of that ₹500 crore as cash with the RBI.

Step 1: Identify the amount subject to CRR NDTL = ₹500 crore This is the amount on which the CRR percentage is applied.

Step 2: Identify the CRR rate CRR = 3% This means the bank must maintain ₹3 as CRR for every ₹100 of applicable NDTL.

Step 3: Apply the formula ₹500 crore × 3 ÷ 100 = ₹15 crore

Step 4: Determine the CRR requirement The bank must therefore maintain ₹15 crore with the RBI as its CRR.

Step 5: See what remains ₹500 crore − ₹15 crore = ₹485 crore

So, in this simplified example, ₹15 crore must be maintained as CRR, while ₹485 crore remains available for the bank to deploy through lending or investment, subject to other regulatory requirements.

An Even Simpler Example If a bank has ₹1,00,000 in NDTL and the CRR is 3%, the same calculation becomes easier to see:

NDTL: ₹1,00,000 CRR: 3% CRR amount: ₹1,00,000 × 3 ÷ 100 = ₹3,000 Amount remaining: ₹1,00,000 − ₹3,000 = ₹97,000

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