Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
Under the Foreign Exchange Management Act (FEMA), 1999, all foreign exchange transactions are broadly classified as either current account or capital account transactions, depending on whether they result in a…
The Liberalised Remittance Scheme (LRS), introduced by the Reserve Bank of India (RBI), enables resident individuals to remit up to USD 250,000 per financial year for specified permissible transactions. This…
Overview of FEMA, 1999 The Foreign Exchange Management Act (FEMA), 1999, governs the management of foreign exchange transactions in India. Under FEMA, transactions are broadly classified into current account transactions…
Current account transactions and capital account transactions are the two main components of a country’s balance of payments, reflecting different types of financial interactions with the rest of the world.…
The Liberalised Remittance Scheme (LRS), introduced by the Reserve Bank of India (RBI), permits resident individuals in India to remit up to USD 250,000 per financial year for specified permissible…
An electronic payment sometimes called a digital payment is a good alternative to traditional methods of cash payment and speeds up transaction cycles from person to person, person to business,…
Liberalised Remittance Scheme is a scheme introduced by RBI as a liberalization measure to facilitate Resident Individuals (RI) to freely remit funds up to USD 2, 50,000/- outside India in…
IntroductionBasic exchange rate arithmetic involves converting one currency to another using the exchange rate. The fundamental formula for currency conversion is: a × b = cWhere: These transactions occur on…
IntroductionForeign exchange (FX) dealing room operations are central to the functioning of modern banking institutions, particularly those engaged in international trade and financial services. These operations involve the buying and…
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