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of <h1>RBI Eases Forex Rules: NRIs Can Repatriate Funds for Education, Healthcare, and Property Sales Under FEMA 1999.</h1> The Reserve Bank of India has issued a circular to authorized dealers in foreign exchange, allowing further liberalization of Exchange Control Regulations for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). The circular permits repatriation of funds from NRO accounts for specific purposes: up to US$ 30,000 per academic year for children's education expenses, up to US$ 100,000 for medical expenses abroad for the account holder or family, and up to US$ 100,000 per year from the sale of immovable property held for at least 10 years, subject to applicable taxes. These directions are issued under the Foreign Exchange Management Act, 1999.
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