How much foreign exchange is available to a person going abroad on immigration?
Person going abroad for immigration can draw foreign exchange upto US$5,000 per person from any authorised dealer in India. This amount is only to meet the incidental expenses in the country of migration. No amount of foreign exchange can be remitted outside India to become eligible or for earning points or credits for immigration. All such remittances require prior permission of the Reserve Bank.
Person going abroad for immigration can draw foreign exchange upto US$100,000 per person from any authorised dealer in India. This amount is only to meet the incidental expenses in the country of migration. However no amount of foreign exchange can be remitted outside India to become eligible or for earning points or credits for immigration. All such remittances require prior permission of the Reserve Bank.
Person going abroad for immigration can draw foreign exchange upto US$ 5,000 or the amount prescribed by the country of emigration from an authorised dealer in India. These amount is only to meet the incidental expenses in the country of migration. No amount of foreign exchange can be remitted outside India to become eligible or for earning points or credits for immigration. All such remittances require prior permission of the Reserve Bank.
