Want to know, How an individual can open a foreign exchange trading a/c

[finecaresolutions]

Hi! Everyone

Wish you agreat and successful year ahead.

Can anybody help me on this matter!

I want to know how a resident Indian can open a foreign exchange a/c with a foreign broker legally to invest in a managed forex a/c

And how we can get back our earning back in our account to show it a legal income.

 

[vinodkiyer]

as per RBI regulation any indian national can invest upto 2 lakhs in a financial year and send the money outside the country.
first u have to open the account on line with the broker and once u get customer id etc approach your bank and fill the necessary forms. and wonce your account is debited for the equivalent amount, within 48 hours your trading account will also get credited with equivalent foreign exchange