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of <h1>Indians can open foreign currency accounts abroad under FEMA for study, travel, exhibitions, employment, or remittances.</h1> A resident individual in India can open a foreign currency account abroad under specific circumstances: if they are a student studying overseas, during their stay abroad; if visiting a foreign country, with funds repatriated upon return; when participating in international exhibitions or trade fairs, with proceeds repatriated within a month; for foreign citizens or Indian citizens employed by foreign companies on deputation in India, to remit their salaries; and for remittances under the Liberalized Remittance Scheme. All transactions must comply with the Foreign Exchange Management Act (FEMA) regulations.
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