Remittance for corporate donations permitted for specified educational and technical purposes subject to limit based on foreign exchange earnings and approvals. AD Category I banks may authorise corporate remittances for creation of chairs in reputed educational institutes, donations to funds promoted by educational institutes (not investment funds), and donations to technical institutions or bodies in the donor's field, subject to a cap of one percent of foreign exchange earnings over the previous three financial years or a prescribed upper monetary limit, whichever is less. Remittances for other purposes require submission to the Reserve Bank with details of foreign exchange earnings for the last three years, company background, donation purpose and likely corporate benefits. Existing small value donor facility continues.