Foreign exchange deposit definitions clarify resident status, account categories, and permissible currency under the regulations. Defines the principal terms used in the Foreign Exchange Management (Deposit) Regulations, 2016, including authorised bank, authorised dealer, deposit, permissible currency, Non-Resident Indian, Person of Indian Origin, and the account categories FCNR(B), NRE, NRO, and SNRR. It also includes the meaning of IFSC, Schedule, and the rule that words not defined in the Regulations take their meanings from the Act.
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Foreign exchange deposit definitions clarify resident status, account categories, and permissible currency under the regulations.
Defines the principal terms used in the Foreign Exchange Management (Deposit) Regulations, 2016, including authorised bank, authorised dealer, deposit, permissible currency, Non-Resident Indian, Person of Indian Origin, and the account categories FCNR(B), NRE, NRO, and SNRR. It also includes the meaning of IFSC, Schedule, and the rule that words not defined in the Regulations take their meanings from the Act.
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