Crystallisation of inoperative foreign-currency deposits requires conversion into Indian rupees while preserving depositor payment options.

Inoperative foreign-currency deposits must be converted into Indian rupees by authorised banks after three years. Fixed-maturity deposits are converted at the exchange rate prevailing at the end of the third year from maturity. Deposits without fixed maturity require three months' prior notice to the depositor, and bank-charge debits do not constitute operation. Depositors may claim either the Indian-rupee proceeds with applicable interest or their foreign-currency equivalent calculated at the exchange rate prevailing on payment.

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