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Foreign exchange for travel abroad ?

26 Jan

How many days in advance one can buy foreign exchange for travel abroad?

Ans.  Permissible foreign exchange can be drawn 60 days in advance.

In case it is not possible to use the foreign exchange within the period of 60 days, it should be immediately surrendered to an authorised person.

However, residents are free to retain foreign exchange up to USD 2,000, in the form of foreign currency notes or TCs for future use or credit to their Resident Foreign Currency (Domestic) [RFC (Domestic)] Accounts.

 
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Posted by on January 26, 2012 in Uncategorized

 

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