Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.

Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.


Please type your username.

Please type your E-Mail.

Please choose an appropriate title for the question so it can be answered easily.
Please choose the appropriate section so the question can be searched easily.

Please choose suitable Keywords Ex: question, poll.

Type the description thoroughly and in details.

Choose from here the video type.

Put Video ID here: https://www.youtube.com/watch?v=sdUUx5FdySs Ex: "sdUUx5FdySs".

    Please type your username.

    Please type your E-Mail.

    Please choose an appropriate title for the post.

    Please choose the appropriate section so your post can be easily searched.

    Please choose suitable Keywords Ex: post, video.

    Browse

    Please briefly explain why you feel this question should be reported.

    Please briefly explain why you feel this answer should be reported.

    What is Limits allowed for Current Account Transactions – (CS Executive – FEMA)

    What is Limits allowed for Current Account Transactions – (CS Executive – FEMA)

    Ans :-

    Maximum Limits allowed for the following current account transaction, above which, prior approval from RBI is required (for individuals) is USD 2,50,000 only, as per the Foreign Exchange Management (Current Account Transaction) Amendment Rules :-

    1. Private visits to any country (except Nepal and Bhutan).
    2. Gift or donation.
    3. Going abroad for employment.
    4. Emigration.
    5. Maintenance of close relatives abroad.
    6. Travel for business , or attending a conference or specialised training or for meeting expenses for meeting medical expenses, or check-up abroad, or for accompanying as attendant to a patient going abroad for medical treatment/check-up.
    7. Expenses in connection with medical treatment abroad.
    8. Studies abroad.
    9. Any other current account transaction

     

    (CS Executive – FEMA)

    •  
    •  
    •  
    •  
    •  
    •  
    •  

    Leave a comment