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Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals

RBI/2013-2014/8
Master Circular No.8 /2013-14

July 01, 2013

To,

All Authorised Dealer Category I banks and Authorised banks

Madam / Sir,

Master Circular on Remittance Facilities for Non-Resident Indians /
Persons of Indian Origin / Foreign Nationals

Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed by sub-section (1) and (2) of section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.13/2000-RB and FEMA Notification No. 21/2000-RB dated May 3, 2000, as amended from time to time.

2. This Master Circular consolidates the existing instructions on the subject of Remittance facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals at one place. The list of underlying circulars/ notifications consolidated in this Master Circular is furnished in the Appendix.

3. This Master Circular is being issued with a sunset clause of one year. This circular will stand withdrawn on July 1, 2014 and be replaced with an updated Master Circular on the subject.

Yours faithfully,

(Rudra Narayan Kar)
Chief General Manager-in-Charge

Click here for the Master Circular

Tags: chartered accountantCompany SecretaryFEMAForeign Exchange Management ActIndiaMaster CircularMaster Circulars 1st July 2013Non-resident Indian and person of Indian origin

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