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of <h1>RBI Reiterates Liberalized Remittance Rules for Foreign Exchange Dealers: Self-Certification Accepted for Various Overseas Transactions.</h1> The Reserve Bank of India issued a circular to authorized foreign exchange dealers, reiterating the liberalization of remittance facilities for employment, emigration, education, maintenance of relatives, and medical treatment abroad. Dealers are reminded to accept self-certification for these transactions instead of requiring supporting documents, ensuring payment is made via cheque, demand draft, or account debit. The responsibility for accurate application details lies with the applicant. The guidelines for consultancy services remain unchanged. Staff are instructed to implement these liberalized measures as intended, under the Foreign Exchange Management Act, 1999.
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