Diplomatic accounts: rupee and foreign currency deposits permitted with specified repatriation rights for missions and staff. Foreign diplomatic missions, diplomatic personnel and their family members may hold rupee deposits with authorised banks and a designated Diplomatic Bond Stores Account for bonded purchases, with funds repatriable without Reserve Bank approval. Nationals holding official embassy passports may open foreign currency accounts as current or term deposits, and in some cases savings accounts; these accounts may receive inward remittances and transfers from the mission's rupee account, and funds converted into rupees cannot be reconverted to foreign currency.
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Provisions expressly mentioned in the judgment/order text.
Diplomatic accounts: rupee and foreign currency deposits permitted with specified repatriation rights for missions and staff.
Foreign diplomatic missions, diplomatic personnel and their family members may hold rupee deposits with authorised banks and a designated Diplomatic Bond Stores Account for bonded purchases, with funds repatriable without Reserve Bank approval. Nationals holding official embassy passports may open foreign currency accounts as current or term deposits, and in some cases savings accounts; these accounts may receive inward remittances and transfers from the mission's rupee account, and funds converted into rupees cannot be reconverted to foreign currency.
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