Donation in foreign currency
Dhirendra Srivastava
Can donation in foriegn currency be given outside india through Credit Card?
Donations in foreign currency via credit card allowed up to USD 5000 annually without RBI approval. A query was raised about the permissibility of making donations in foreign currency outside India using a credit card. The response clarified that donations up to USD 5000 per year per donor are allowed without needing permission from the Reserve Bank of India (RBI). (AI Summary)