Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Foreign Currency Account types clarified: individuals may use current, savings or term accounts; others current or term accounts. Foreign Currency Accounts with an authorised dealer may be opened, held and maintained in specified forms: individuals may use current, savings or term ... Summary
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Foreign Currency Account types clarified: individuals may use current, savings or term accounts; others current or term accounts.
Foreign Currency Accounts with an authorised dealer may be opened, held and maintained in specified forms: individuals may use current, savings or term deposit accounts; other persons may use current or term deposit accounts. The EEFC account must be maintained in the manner prescribed by the Reserve Bank. Accounts may be held singly or jointly by eligible persons.
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