FEMA Provisions for NRI Students Studying Abroad

What facilities are available to NRI students under FEMA regulations?

Students from India who go overseas for education are considered as Non-Resident Indians (NRIs) under the Foreign Exchange Management Act (FEMA) regulations. Consequently, they are entitled to the same facilities that NRIs receive. This includes the ability to remit up to US $1 million per financial year from their Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts, which may include funds accumulated through the sale of assets or other investments in India.


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