Banking · FEMA Regulations
What is the limit for non-residents to take out foreign exchange from India under general permission?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Non-residents can take out a fixed amount, regardless of what they brought into India.
- 2Non-residents can take out an unlimited amount if they have a bank account in India.
- 3Non-residents can take out up to the amount they brought into India, subject to compliance with certain conditions.✓
- 4There is no limit on the amount a non-resident can take out.
Correct answer
Non-residents can take out up to the amount they brought into India, subject to compliance with certain conditions.
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