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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Raises Foreign Exchange Limits for Overseas Employment, Education, and Medical Treatment Under Schedule III Rules.</h1> The Reserve Bank of India has announced an increase in the limits for foreign exchange release under Schedule III of the Foreign Exchange Management (Current Account Transactions) Rules, 2000. The limits for employment abroad, emigration, maintenance of close relatives abroad, and education abroad have been raised from USD 5,000-30,000 to USD 100,000. For medical treatment abroad, the limit is increased to USD 100,000 without requiring estimates from hospitals. The remittance limit for consultancy services from outside India is raised to USD 1 million per project. Authorised dealers can process these remittances based on self-declaration and appropriate documentation.
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