14 June 20266 min read

FEMA Regulations on Current Account Transactions: What You Can Pay

Understand what current account transactions are fully permissible and what foreign exchange payments require RBI approval.

FEMABanking

FEMA Current Account Rules

Under FEMA, current account transactions (like trade payments, service imports, and foreign travel) are generally free from restrictions. However, payments for lottery tickets, banned items, or transactions with specific blocked jurisdictions are strictly prohibited. Always verify Purpose Codes before remitting foreign currencies.

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