Foreign Exchange

Foreign Nationals permanently resident in India are also eligible to avail of this quota provided the applicant is not availing of facilities for remittance of his salary, savings etc. abroad in terms of the existing FEMA regulations.

Foreign born wife of Indian nationals

Children endorsed on parent’s passport are also eligible for full entitlement.

Up to a total of US$ 10000 or its equivalent per resident individual on a financial year basis.

Out of which maximum of USD 3000 or its equivalent in Currency notes per visit and rest in Travelers Cheques for all the countries except for travel to Iraq, Libya, Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States

Individual traveling to countries like Nepal & Bhutan are not eligible to withdraw foreign exchange under this scheme.

For Travelers proceeding to Iraq or Libya exchange in the form of currency notes may be sold up to limit not exceeding USD 5000 or its equivalent per resident individual on a financial year basis.

For Travelers proceeding to the Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States entire exchange can be released in the form of currency notes.

Foreign exchange quota for personal visit can be availed over & above the specified amount under all other schemes for release of foreign exchange.


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