A resident individual may, draw from an authorized person foreign exchange not exceeding USD 250000 per financial year for a capital account transaction specified in Schedule I
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI-400 001 Notification No. FEMA. 341/2015-RB May 26, 2015 Foreign Exchange Management (Permissible Capital Account Transactions)(Third Amendment) Regulations, 2015 In exercise of the powers conferred by sub-section (2) of Section 6, Sub-Section(2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of … Read more