Foreign exchange for medical treatment
Foreign exchange for medical treatment :Authorised dealers may release foreign exchange upto USD 100,000 on basis of self declaration without insisting on any estimate from a hospital doctor. For amount exceeding USD 100,000 estimate from doctor in India or hospital/doctor abroad is required to be submitted to authorised dealer. Person fallen sick abroad should also be given foreign exchange for medical treatment outside India – para A.3 of RBI Master Circular No. 6/2014-15 dated 1-7-2014 on ‘Miscellaneous Remittances from India – facilities for Residents’ [earlier Master Circular No.6/2013-14 dated 1-7-2013].
Exchange can be released on basis of declaration from the appellant that he is buying exchange for medical treatment outside India. Payment should be made by applicant by cheque/DD – RBI circular No. 3 dated 17-7-2003 and earlier No. 17 dated 12-9-2002.
NRI/PIO can remit upto US $ 1,00,000 for medical expenses from their NRO account. – RBI circular No. 1 dated 2-7-2002.
Exchange upto USD 25,000 can be obtained for maintenance expenses of a person going abroad for medical treatment or checkup or for accompanying as attendant to a patient going abroad [Schedule III Item 8 of Foreign Exchange Management (Current Account Transactions) Rules, 2000].