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          <h1>RBI Regulates Foreign Exchange Deposits, Clarifying Rules for Resident and Non-Resident Financial Transactions Under FEMA</h1> The Foreign Exchange Management (Deposit) Regulations, 2016, issued by the Reserve Bank of India, establishes regulatory guidelines for deposits between residents in India and non-residents. These regulations supersede previous notifications and derive authority from the Foreign Exchange Management Act, 1999. The regulations came into force upon official gazette publication, with specific provisions retroactively effective from January 21, 2016.

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