When should the amount indicated in the order be paid? - FEMA - FAQ - FEMA

Ans. The compounding amount as specified in the compounding order shall be paid by way of demand draft in favour of the Reserve Bank of India or National Electronic Fund Transfer (NEFT), or Real Time Gross Settlement (RTGS), or such other permissible electronic or online modes of payment within 15 days from the date of the order of compounding of such contravention. The manner in which the demand draft has to be drawn and deposited/ details of bank account for transferring through electronic mode of payment shall be indicated in the compounding order.