3B.8
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Issue of Foreign Exchange to Residents under Instructions from Overseas Correspondents
Issue of foreign exchange in any form (such as travellers cheques, notes, coins etc.) to persons resident in India under instructions from overseas branches/correspondents of authorised dealers requires prior approval of Reserve Bank. (See paragraph 11D.8 regarding sale of foreign exchange to foreign tourists, transit passengers and foreign nationals not permanently resident in India).