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Can residents obtain foreign exchange for medical treatment outside India?

April 26, 2017foreign exchange India medical obtain outside residents treatment

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Can residents obtain foreign exchange for medical treatment outside India?

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For medical treatment abroad exchange can be released upto USD 100,000/- based on a simple declaration from the customer in addition to submission of an application form and Form A2 as per the recent liberalisation policy of The Reserve Bank of India.

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For medical treatment abroad exchange can be released up to the estimated amount by the doctor in India or hospital/ doctor abroad. If the amount is US$1,00,000 or less the same can be released without estimate from doctor / hospital. Reserve Bank approval is required to release exchange exceeding the estimate from the doctor in India or doctor/hospital abroad.