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of <h1>Indian Residents Must Repatriate Foreign Exchange Under 2015 FEMA Regulations; Exceptions May Apply with RBI Permissions.</h1> Under the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2015, individuals residing in India are obligated to take reasonable measures to realize and repatriate any foreign exchange due to them. They must avoid actions that delay receipt or make the foreign exchange unreceivable. Exceptions apply if provisions under FEMA or permissions from the Reserve Bank of India allow funds to remain abroad. 'Repatriate to India' involves bringing foreign exchange into India, converting it to rupees through an authorized person, or using it to settle foreign currency debts. 'Foreign Exchange due' refers to amounts claimable in foreign currency.
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