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RBI Guidelines for Remittance

Posted By On 2/28/2008 04:48:00 PM Under
1. Reserve bank of india has issued the guidelines by virtue of which an individual investor can remit upto $25,000 in a calendar year for off shore transactions.

2. It is important to note that one need not bring back the money sent for trading back in the same calendar year.

3.  Moreover one must also note that their is no limit of profits generated and thus one can keep as much amount abroad in the trading account.

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