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<h1>Foreign Exchange Management Rules Regulate Draft Encashment, Interest Payments, and Financial Instrument Transactions Under FEMA Section 46</h1> The Foreign Exchange Management (Encashment of Draft, Cheque, Instrument and Payment of Interest) Rules, 2000, were issued by the Ministry of Finance under section 46 of the Foreign Exchange Management Act, 1999. These rules establish guidelines for encashment of financial instruments and interest payment regulations. The rules were officially notified on May 3, 2000, and came into effect on June 1, 2000, providing a framework for managing foreign exchange transactions and related financial processes.