Foreign Exchange Facilities for Individuals

The book is designed to provide guidelines and information regarding facilities available to individuals under FEMA. The book covers the following areas:

•  Introduction to Foreign Exchange Management Act 1999

•  Remittances

•  Foreign Currency Accounts for Residents

•  Foreign Currency Accounts for Non-residents

•  Investments

•  Borrowings by non-resident Indian individuals

•  Compliance/non-compliance with provisions of FEMA 1999

The book incorporates the latest guidelines of Reserve Bank of India on the subject. The book will be useful to the bank personnel – dealing with foreign exchange and NRI segment – besides  academicians.