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Eligibility :
Following categories of students are eligible for release of exchange for studies abroad provided they have secured admission to an overseas university/college/educational institution or an articleship from a firm of Chartered Accountants in U.K.
(i) Students holding Indian passports.
(ii) Students holding foreign passports dependent on their parents resident in India.
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NOTES: |
A. |
Exchange facilities may be made available to eligible students who had gone abroad without availing exchange facilities from India for the remaining duration of the course. |
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B. |
Exchange may also be released to students for continuing the same course for which exchange was released earlier or for any other course at the same or any other educational institution. |
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C. |
It is not necessary that full exchange entitlement for the entire year or duration of the course is drawn from the same authorised dealer. Students are free to draw part of their foreign exchange entitlement from one authorised dealer and part from another . |
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D. |
Deposit towards advance tuition fees/maintenance may be remitted if insisted upon by the overseas institution. Authorised dealer should obtain an undertaking from the student that in the event of his/her not joining the course he would obtain the admissible refund and repatriate it to India. |
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