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<h1>EEFC Account eligibility clarified: SEZ developers can credit full foreign exchange earnings to EEFC accounts under FEMA directions.</h1> Persons resident in India may open, hold and maintain an Exchange Earner's Foreign Currency (EEFC) Account with an Authorised Dealer, and all categories of foreign exchange earners, including Special Economic Zone developers, may credit the full extent of their foreign exchange earnings specified in the Schedule to their EEFC Account; Authorised Dealer Category I banks should allow such accounts and notify constituents, pursuant to FEMA directions and subject to other legal permissions.