Miscellaneous forex facilities - As on Oct 21, 2021

Chapters / List

1. Who is an Authorized Dealer (AD)?

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2. Who are authorized by the Reserve Bank to sell foreign exchange for travel purposes?

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3. How much foreign currency can be carried in cash for travel abroad?

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4. Q 4. How much Indian currency can be brought in while coming into India?

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5. How much foreign exchange can be brought in while visiting India?

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6. Can one pay by cash full rupee equivalent of foreign exchange being purchased for travel abroad?

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7. Is there any time-frame for a traveller who has returned to India to surrender foreign exchange?

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8. Should foreign coins be surrendered to an Authorised Dealer on return from abroad?

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9. Is there any category of visit which requires prior approval from the Reserve Bank or the Government of India?

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10. Whether permission is required for receiving grant/donation from abroad under the Foreign Contribution Regulation Act, 1976?

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11. Who is permitted to hold International Credit Card (ICC) and International Debit Card (IDC) for undertaking foreign exchange transactions?

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12. How much jewellery can be carried while going abroad?

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13. Can a resident extend local hospitality to a non-resident?

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14. Can residents purchase air tickets in India for their travel not touching India?

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15. Is meeting of medical expenses of a NRI close relative, in India, by Resident Individuals permitted?

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16. Can a person resident in India hold assets outside India?

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