Frequently Asked Questions (FAQs)
Question and Answer


Q. Please mention the conditions/ procedures to release foreign exchange against travel quota?


Answer:

While releasing foreign exchange for travel purposes the ADs should ensure that:
(a) the intending traveller is a client of the AD bank or is sufficiently well known to the AD bank for it to be satisfied about the bonafide of the application;
(b) the intending traveller is in possession of a confirmed air ticket (where applicable) for journey to be undertaken;
(c) the amount released is endorsed on the passport and air ticket (where applicable) of the traveller with indelible ink, with the sign ature and name of the AD branch embossed in the passport and ticket (where applicable);
(d) any foreign exchange released for an earlier travel was utilised with the journey being actually undertaken or was duly encashed unutilised.



Reference/ Related Link

Para 1(vi), Ch 12, GFET
Para 1(iv), Ch 12, GFET



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