11D.7
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Repatriation Facilities to Foreign Students/Trainees
(i) Foreign students/trainees are permitted to transfer to their own countries, at the time of leaving India after completion of their studies/training in India, the balance available in their bank accounts maintained by them in terms of paragraph 11B.1. Authorised dealers may allow such remittances provided the balance in the account represents funds derived from rupee proceeds of remittances in foreign exchange received from abroad in an approved manner or rupee proceeds of foreign exchange brought by them to India and sold to authorised dealers or stipend/scholarship received from Central or State Government.
(ii) Authorised dealers may also permit such students/trainees to take with them foreign exchange up to U.S.$ 1000/- or its equivalent for meeting en route expenses while on visit to their home/foreign countries during vacation/holidays provided their accounts are fed exclusively by remittances in foreign currency.
NOTES: A. Trainees financed by the Commonwealth Fund for Technical Co-operation (CFTC), World Health Organisation (WHO) and United Nations Development Programme (UNDP) are not eligible for the above facility.
B. Exchange sold in the form of foreign currency notes and coins should not exceed U.S.$ 500 or its equivalent.