Now, a resident is not required to approach an office of RBI for drawal of exchange but he/she can directly approch Authorised dealers viz. Banks  which are authorised to deal in foreign exchange,have been permitted to release foreign exchange for travel. Even firms or persons holding full-fledged money-changer's licenses from Reserve bank have also been delegated powers for release of exchange.

Basic Travel Quota(BTQ) is the scheme wherein foreign exchange is issued to the residents who wish to undertake foreign travel.Residents can buy upto US $3000 or its equivalent for undertaking in a calender year one or more private visits to any country abroad.Foreign nationals residing permanently in India only can avail this scheme.

As per the latest relaxations the following are the limits for the release of foreign exchange for the purposes listed below.