Transactions involving repatriation and remittance of funds out of and into India is a subject matter that is governed by the Foreign Exchange Management Act, 1999 (FEMA) read with Reserve Bank of India (RBI) directives. In this regard, the RBI has delegated powers, to Authorised Dealers (AD) of foreign exchange, being banks and/or financial institutions, to process applications and effect repatriation of funds from India.