Non-resident rupee accounts: residents of Nepal and Bhutan may open Indian rupee accounts with authorised dealers in India. Persons resident in Nepal and Bhutan are permitted to hold Indian rupee accounts with an authorised dealer in India; the facility allows account opening and maintenance in Indian currency through authorised dealers and is subject to the usual banking and compliance requirements for non-resident accounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-resident rupee accounts: residents of Nepal and Bhutan may open Indian rupee accounts with authorised dealers in India.
Persons resident in Nepal and Bhutan are permitted to hold Indian rupee accounts with an authorised dealer in India; the facility allows account opening and maintenance in Indian currency through authorised dealers and is subject to the usual banking and compliance requirements for non-resident accounts.
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