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

AI Summary

Remitting Foreign Currency from India: No RBI Approval Needed Up to $5000, Clarifications on Higher Amounts Available. A user inquired about remitting foreign currency from India to a relative abroad for maintenance expenses, seeking information on relevant government notifications, limits, and procedures. One response highlighted the Foreign Exchange Management (Current Account Transactions) Rules, 2000, stating no RBI permission is needed for remittances up to $5000. Another response mentioned that remittances exceeding $5000 are also permitted, offering to provide specific regulations. The original poster believed the limit for gifts to a relative might be $100,000 and sought verification and relevant FEMA provisions.