RBI allows resident Indians to open foreign currency accounts in GIFT City
Indian residents are allowed to remit up to $250,000 (around ₹2.06 crore) per year without any prior approval from the Reserve Bank of India.
gift city ifsc
July 2024
February 2024
HDFC Bank secures $750 mn from GIFT City IFSC
The bank says profits generated from issuing these bonds will be directed towards environment friendly and socially beneficial projects.
