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The funds in RFC account are free from all restrictions regarding utilization of foreign currency balances including any restriction on investment outside India. In terms of sub-section 4, of Section 6 of the Foreign Exchange Management Act,a person resident in India is free to hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such currency, security or property was acquired, held or owned by such person when he was resident outside India or inherited from a person who was resident outside India. Good understanding of micro and macroeconomics to interpret likely currency and interest. No release of foreign exchange is admissible for any kind of travel to Nepal and Bhutan or for any transaction with persons resident in Nepal. Enhancing Agricultural Productivity Project English.
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