Role of RBI
- R Return – Fortnightly data on forex operations
- BAL Statement – Balance in NOSTRO & VOSTRO accounts
- STAT 5 -Transaction in FCNRB deposits
- STAT 8 – Transaction in NRE and NRO account
- NRDCSR – Non-Resident deposit
- International Banking Statics (IBS) – Assets and Liability
- Statement of Remittance send under Liberalized Scheme for Residents
- Statement of Trade credit – Buyer’s Credit & Supplier’s Credit- Monthly
- XOS – Overdue export bills remaining unrealized- Half Yearly
- BEF – Remittance have been effected but proof of imports not submitted by the remitter
- FEMIS – Daily data on forex dealing room operation
- ECB – Actual transaction of ECB
Important Provision of FEMA
Foreign Travel
- Foreign exchange in cash is not more than Rs.50,000/-
- Drawl of exchange for travel to Nepal and Bhutan is Prohibited
- Foreign currency notes and coins can be given by authorise dealers up to:-
- Entire amount in case travel to Islamic Republic of Iran, Russian Federation, Other States of Russia
- Up to USD 5000 for travel to Libya or Iraq
- Up to USD 3000 in all other cases
- Person resident in India can possess foreign currency note up to USD 2000
- Traveler surrender unspent foreign exchange within 180 days
- Personal and Business Visit- USD 2,50,000 per F.Y.