+ Reply to Thread
Results 1 to 7 of 7

Thread: Article: RBI decreases dollar limit for students going abroad

  1. #1
    Administrator cherukuri_ajay's Avatar
    Join Date
    Feb 2011
    Posts
    951

    Article: RBI decreases dollar limit for students going abroad

    For profile evaluation please add your Scores, Academics to your admission profile. If you have already applied please add the univ list. To Edit your profile visit
    http://www.msinus.com/profile.php?do=editprofile

    University groups. If the univ group you are applying is not listed, please create a group by your own.

    http://www.msinus.com/groups/all.htm

    Profile Evaluation for MS, PhD in USA | US University Rankings by Major for MS,PhD


  2. #2
    Guest
    Nice post..increase in dollar has definitely left many students like me in uncertainty whether this is right time for ms in us or this could be the right tym as situations may get worst in future.

  3. #3
    MS in US Guru
    Join Date
    Jun 2013
    Posts
    107
    The story is factually INCORRECT. The reduction from US$200000/ to US$75000/ is under "liberalised remittance scheme". The liberalised remittance scheme is entirely different from the requirement of foreign exchange by students for higher studies.

    Students leaving from India for higher studies are governed by extant instructions under RBI's "guidelines on travel related matters". As of date, the instructions are as follows: for studies abroad the estimate received from the institution abroad or USD 100,000, per academic year, whichever is higher, may be availed of from an AD Category I bank and AD Category II.

    Please publish a revised story in the right perspective.

  4. #4
    MS in US Guru
    Join Date
    Jun 2013
    Posts
    107
    The story is factually incorrect. The foreign exchange facility available to students for higher studies, as of date, is NOT curtailed. Students leaving for foreign studies can draw foreign exchange equivalent to the estimate received from the institution abroad or USD 100,000, per academic year, whichever is higher.

  5. #5
    Guest
    Please tell me the requirements and the procedure to get funding

  6. #6
    MS in US Guru
    Join Date
    Jun 2013
    Posts
    107
    The story is devoid of truth. The amount of fex that students are entitled for studies abroad is NOT reduced. It remains at US$100000/ (US$100K).

  7. #7
    MS in US Fresher
    Join Date
    Jul 2013
    Posts
    1
    is the living expenses of around $15000 excluding the annual fee of $25000-$40000????

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •