RBI revises application forms for foreign exchange remittances - ఆర్‌బిఐ - Reserve Bank of India

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RBI revises application forms for foreign exchange remittances

As a part of the on-going exercise for simplification, the Reserve Bank of India has revised three application forms - for foreign exchange remittances - for remittances of gifts and for maintenance of close relatives abroad (REM), for medical treatment abroad (TRM1) and for treatment abroad for those who are already abroad for business visits (TRM2).

For gift remittance to close relatives, application form has now been dispensed with and exchange facilities are available against only a simple declaration. The revised forms which are customer friendly, also include eligibility details wherever applicable, and seek only essential details from the applicants. The forms are more in the nature of self-declaration than application forms. For convenience of the customers all the forms have been placed on the RBI website (URL http://www.rbi.org.in) on the Internet.

Alpana Killawala
General Manager

Press Release : 1998-99/1122

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