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of <h1>Master Circular on Remittance Guidelines for NRIs, PIOs, and Foreign Nationals under FEMA 1999 Effective July 2007.</h1> The Master Circular consolidates guidelines on remittance facilities for Non-Resident Indians, Persons of Indian Origin, and Foreign Nationals as governed by the Foreign Exchange Management Act, 1999. It integrates existing instructions and notifications, ensuring clarity and consistency in financial transactions involving these groups. The circular, effective from July 2, 2007, includes a sunset clause, indicating it will be withdrawn and updated by July 1, 2008. This document is directed to all banks authorized to deal in foreign exchange, providing a comprehensive reference for managing remittance-related activities.
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