a. as pension or superannuation benefits or other monetary benefits from his overseas employer;

b. by converting assets which were acquired by him when he was a non-resident or inherited from or gifted by a person resident outside India and repatriated to India;

c. before July 8, 1947 or any income arising or accruing thereon which is held outside India in pursuance of a general or special permission granted by the Reserve Bank;

d. received as proceeds of LIC claims / maturity / surrendered value settled in forex from an Indian insurance company permitted to undertake life insurance business by the Insurance Regulatory and Development Authority.

The balances in the RFC account are FREE from all restrictions regarding utilisation of foreign currency balances outside India.