Drawal limit of USD 125000 increased to USD 250,000 per financial year Foreign Exchange Management (Permissible Capital Account Transactions) (Third Amendment) Regulations, 2015

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....NO. FEMA. 341/2015-RB Mumbai, the 26^th May, 2015 Foreign Exchange Management (Permissible Capital Account Transactions) (Third Amendment) Regulations, 2015 G.S.R. 425(E).-In exercise of the powers conferred by sub-section (2) of Section 6, Sub-Section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India, in consultation with Central Govern....

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....tions or directions or orders made or issued thereunder, a resident individual may, draw from an authorized person foreign exchange not exceeding USD 250,000 per financial year or such amount as decided by Reserve Bank from time to time for a capital account transaction specified in Schedule I. Explanation: Drawal of foreign exchange as per item number 1 of Schedule III to Foreign Exchange Mana....