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of <h1>RBI Eases Salary Remittance Rules for Foreign and Indian Nationals Working for Foreign Companies in India.</h1> The Reserve Bank of India has relaxed regulations on salary remittance for foreign nationals and Indian nationals employed by foreign companies. Previously, foreign nationals in India could remit up to 75% of their salary to accounts outside India. This facility is now extended to Indian nationals employed by foreign companies outside India and on deputation to India. They can maintain a foreign currency account abroad and receive up to 75% of their salary in it, with the remainder paid in Indian Rupees, subject to Indian taxes. Authorized dealers are instructed to inform relevant parties of these changes.
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