TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Permits Resident Foreign Currency Accounts for Individuals; Amendments Pending Under FEMA, 1999.</h1> The Reserve Bank of India has issued a circular allowing resident individuals to open and maintain a Resident Foreign Currency (Domestic) Account with authorized dealers in India. This account can be funded with foreign exchange acquired through currency notes, bank notes, travelers cheques, foreign exchange earnings from exports, royalties, honorariums, or gifts from close relatives, provided these funds are repatriated to India through normal banking channels. Amendments to the existing notification will be issued separately, and authorized dealers are instructed to inform their clients about these updates. These directions are issued under the Foreign Exchange Management Act, 1999.
TaxTMI 
