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of <h1>Regulatory Update: 100% Foreign Earnings Retention Restored for EEFC, DDA, and RFC Accounts; Conversion Required Monthly.</h1> The circular issued by the regulatory authority addresses revisions to guidelines for Exchange Earner's Foreign Currency (EEFC) Accounts, Diamond Dollar Accounts (DDA), and Resident Foreign Currency (RFC) Accounts. Initially, foreign exchange earners could retain 100% of their earnings in EEFC accounts, but this was reduced to 50% in May 2012. The latest directive restores the ability to credit 100% of foreign exchange earnings to EEFC accounts, with the condition that all accruals must be converted to Rupees by the end of the following month. This change also applies to RFC (Domestic) and DDA accounts, while other terms remain unchanged.
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