Foreign Currency Accounts for Exporters: FEMA 2025 Update
Indian exporters are now permitted to open and maintain Foreign Currency Accounts (FCAs) outside India, including in IFSC Banking Units, for receipt of full export value and advance remittances. The Seventh Amendment to the 2015 Regulations, issued in October 2025, clarifies repatriation timelines and defines the permissible use of funds, thereby enhancing flexibility and efficiency…
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Point of Sale (POS) Systems and Card Payment Mechanisms in India
Introduction The increasing adoption of digital payment systems has significantly transformed the retail and service sectors in India. Among various electronic payment modes, **card-based transactions**—through debit cards, credit cards, and smart cards—have become particularly widespread. These payment methods are now accepted by a broad range of establishments including railways, airlines, malls, hotels, and retail outlets.…
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Remittance of Salary Outside India — FEMA, LRS and Tax Compliance Guide for 2025
Remitting salary from India to an overseas account is permissible, but must comply with FEMA, RBI’s Liberalised Remittance Scheme (LRS), bank KYC/purpose documentation, and income-tax TCS rules that apply to outward remittances depending on purpose and threshold limits. Resident individuals can generally use LRS up to USD 250,000 per financial year for permitted current account…
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International Flight Baggage Rules
International flight baggage rules vary by airline, but most follow similar standards for both checked and cabin baggage. Understanding these limits helps travellers avoid last-minute surprises at the airport. Checked Baggage• Weight and Size: The standard limit for a single checked bag is usually 23 kg (50 lbs), with total dimensions (length + width +…
Read article Carrying Indian and Foreign Currency Abroad: Rules and Limits
Introduction When travelling abroad, it is essential for Indian residents to understand the foreign exchange limits and RBI guidelines on carrying cash and currency. Both India and the destination country impose restrictions on the amount of Indian and foreign currency that can be carried in cash. Knowing these currency carrying rules not only helps you…
Travel Guidelines for Indian Citizens Visiting Nepal and Bhutan
Planning a trip to Nepal or Bhutan is always special for Indian travellers — two neighbouring countries blessed with natural beauty, cultural depth, and spiritual charm. The best part is that both destinations share deep historical and cultural ties with India, making travel smoother and more welcoming for Indian citizens. However, before you set out…
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