Foreign Exchange for Study Abroad Study abroad upto estimate from the institution abroad or US $ 1,00,000 whichever is higher, per academic year is permitted. Exchange upto USD 1,00,000 can be released on self-declaration basis, on submission of application in form A2, without any supporting documents. Estimate is required if exchange requirement is higher than… Read More »
Foreign Exchange for immigration and Employment abroad Foreign Exchange for immigration abroad Exchange for immigration upto US $ 1,00,000 or amount prescribed by country of emigration is permitted. Exchange can be released on self-declaration basis on submission of application in form A2, without any supporting documents – – Exchange above this limit will require RBI… Read More »
Foreign exchange for Travel 1.1 Foreign travel Provisions for release of foreign exchange for travel are quite liberal but have not been completely removed. Instructions are summarised in RBI Master Circular No. 6/2014-15 dated 1-7-2014 on ‘Miscellaneous Remittances from India – facilities for Residents’ [earlier Master Circular No. 6/2013-14 dated 1-7-2013]. Release of exchange for… Read More »