Foreign currency accounts by residents: regulated account types, eligibility and mandatory conversion and holding conditions. The Regulations define permissible foreign currency account types that a person resident in India may open or maintain with authorised dealers in India or outside India, specify eligibility categories (including exporters, SEZ units, project offices, ship manning agencies, organisers of international events and persons raising external commercial borrowings), set account forms and permitted credits/debits, prohibit credit facilities against certain balances, and require monthly conversion of accruals into rupees by the end of the succeeding calendar month unless used for approved purposes, with operational duties on Authorised Dealers and provisions for transfer of balances on change of residential status.