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of <h1>Non-residents can open Special Non-Resident Rupee Accounts for business transactions with specific operational restrictions and repatriation eligibility</h1> Non-residents with business interests in India may open Special Non-Resident Rupee Accounts with authorized dealers for permissible current and capital account transactions. These accounts must be business-specific, non-interest bearing, and maintain balances commensurate with operations. Account operations cannot provide foreign exchange to Indian residents against rupee reimbursement. Debits and credits must relate to proposed business activities. Balances are eligible for repatriation and subject to Indian taxation. Transfers from NRO accounts are prohibited. IFSC units may open accounts for business transactions outside IFSC. Account tenure aligns with business contract periods. Pakistani and Bangladeshi nationals require prior Reserve Bank approval.
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