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<h1>Diamond Dollar Account eligibility and operation: export-linked US dollar current accounts with specified credits, debits and operational limits.</h1> The Diamond Dollar Account Scheme permits eligible exporter firms and companies to open US dollar current accounts with AD Category I banks subject to eligibility under the Foreign Trade Policy, prohibition on interest, CRR/SLR applicability, prohibition on intra account transfers, and a limit on the number of accounts. Permissible credits are export realizations and US dollar export finance; permissible debits cover payments for diamonds, gemstones, specified jewellery, imported gold, loan repayments and transfers to rupee accounts. Banks must vet eligibility annually and report openings/closings monthly to the Reserve Bank of India.