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of <h1>RBI Updates Foreign Exchange Rules: Postal Orders & Money Orders Now Allowed Under FEMA 18(R)/2015 Notification</h1> The Reserve Bank of India issued Notification No. FEMA 18(R)/2015 - RB on December 29, 2015, under the Foreign Exchange Management Act, 1999. This notification supersedes the previous Notification No. FEMA 18/2000-RB and permits individuals to purchase foreign exchange in the form of postal orders or money orders from any Post Office, in accordance with applicable laws and rules. The notification becomes effective upon its publication in the Official Gazette.
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