Foreign Exchange Facilities for Individuals

This book offers crystallized information on currentaccounttransactions pertaining to individuals and the contentsarepresented in a simple and lucid manner. It bears the markoflucidity that is required for beginners and those in thefrontoffice in various banks. The book is designed to provideguidelinesand information regarding facilities available toindividuals underfema. The book is divided into four parts, part igivingintroduction to fema, part ii dealing with provisions forresidentindividuals for current account transactions, part iiihighlightingthe rules and regulations regarding current accounttransactionsfor non-resident individuals and last part iv focusingoncompounding provisions under fema and some case studies. Thebookincorporates the latest provisions of reserve bank of india onthesubject as of may 2012 and also changes made consequent totherecommendations of report of the committee to review thefacilitiesfor individuals under fema, 1999. About the author the indian institute of banking finance (formerly theindianinstitute of bankers) was established in 1928.with more than657institutional members and over 4.5 lakh individual members, itisthe largest institute of its kind in the world and is workingwith amission to develop professionally qualified and competentbankersand finance professionals primarily through a process ofeducation,training, examination consultancy/counseling andcontinuingprofessional development programs. The institute has almost all the banks andfinancialinstitutions public sector, private sector, foreign,co-operative,regional rural banks as members in addition to itcompanies andindividuals working in the banking and finance sector.theinstitute is managed by a governing council consisting ofchairmenof different banks and eminent academicians. It offers anumber ofprofessional courses in banking and finance.