Foreign Currency Accounts may be held singly or jointly, subject to permitted account forms and EEFC requirements. Foreign Currency Accounts with an authorised dealer in India may be maintained as current, savings or term deposit accounts for individuals, and as ... Summary
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Foreign Currency Accounts may be held singly or jointly, subject to permitted account forms and EEFC requirements.
Foreign Currency Accounts with an authorised dealer in India may be maintained as current, savings or term deposit accounts for individuals, and as current or term deposit accounts for other account holders. EEFC accounts must comply with the manner prescribed by the Reserve Bank. Eligible persons may hold such accounts singly or jointly.
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