Remittance of money from India to abroad

[wig sinbad]

i propose to remit (foreign currency) money from india to a country abroad to a close relative for maintanance expenses. what is the relevant govt notification for it. what is the limit and procedure

[Rama Krishana]

You may refer to the provisions of FOREIGN EXCHANGE MANAGEMENT (CURRENT ACCOUNT TRANSACTIONS) RULES, 2000 in FEMA section - Regulation no. 5 read with schedule III - which states that for maintenance of relatives, no permission for RBI is required in case the remittance is not exceeding $5000/-

[Anuj Gupta]

Also if you want to remit more than $5000/- then also the same is permitted. I will let you the exact regulation if you need the same.

[wig sinbad]

i think the limit is USD 100000/= in case of gift to a relative

i need to verify the same and the relevant provison of FEMA

AI Summary

Foreign remittance limits: maintenance and gifts to relatives may be permitted under current account rules without central bank permission. Remittances from India to close relatives for maintenance or gifts are governed by the Current Account Transactions regulatory framework; routine maintenance transfers may be permitted without central bank permission when within prescribed remittance thresholds, while larger transfers invoke the rules' specified limits and associated procedural requirements, and reported higher threshold figures for gifts to relatives cited in informal responses require verification against the applicable rule provisions and schedules.