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August 2022 - 12:29 am IST
August 2022 - 12:29 am IST
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MHA amends FCRA rules
Published:03 July 2022
Allows relatives living abroad to send up to Rs 10 lakh to Indians without restrictions
New Delhi | The Union Home Ministry has amended certain rules related to the Foreign Contribution (Regulation) Act (FCRA) allowing Indians to receive up to Rs 10 lakh in a year from relatives staying abroad without informing the authorities.
The earlier limit was Rs 1 lakh. In a notification, the home ministry also said if the amount exceeds, the individuals will now have 90 days to inform the government instead of 30 days earlier.
The new rules, Foreign Contribution (Regulation) Amendment Rules, 2022, were notified by the home ministry through a gazette notification on Friday night.
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