Foreign currency and deposit account rules under FEMA set eligibility, permitted credits, debits, repatriation and compliance requirements. This Master Direction consolidates FEMA rules on foreign currency and deposit accounts for residents and non-residents, including permitted account types, eligible holders, credits, debits, repatriation, and tax compliance. It covers resident accounts such as EEFC, RFC, RFC(D), DDA, project office, SEZ, exporter and startup accounts, as well as overseas foreign currency accounts for studies, visits, employment, investment, and export realisation. It also sets out the framework for NRE, FCNR(B), NRO, SNRR and escrow accounts, together with nomination, designation on change of residence, and authorised dealer compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign currency and deposit account rules under FEMA set eligibility, permitted credits, debits, repatriation and compliance requirements.
This Master Direction consolidates FEMA rules on foreign currency and deposit accounts for residents and non-residents, including permitted account types, eligible holders, credits, debits, repatriation, and tax compliance. It covers resident accounts such as EEFC, RFC, RFC(D), DDA, project office, SEZ, exporter and startup accounts, as well as overseas foreign currency accounts for studies, visits, employment, investment, and export realisation. It also sets out the framework for NRE, FCNR(B), NRO, SNRR and escrow accounts, together with nomination, designation on change of residence, and authorised dealer compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
