Diamond Dollar Account liberalisation permits authorised banks to open dollar current accounts for eligible diamond exporters under conditions. AD Category I banks are authorised to open and maintain Diamond Dollar Accounts in US dollars as non interest current accounts for exporters meeting Foreign Trade Policy eligibility; banks must verify track record and turnover, review eligibility annually, and close non compliant accounts. Account balances attract CRR and SLR; intra DDA transfers by the holder are prohibited; firms may hold only the prescribed number of DDAs. Permissible credits include US dollar finance and export realisations; permissible debits include payments for import/purchase of diamonds, gemstones and jewellery, repayment of USD loans and transfers to rupee accounts. Monthly reporting to the Reserve Bank is required.