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          FEMA

          Can multilateral organisation have deposits in India?

          Accounts in India by Non-residents - As on Feb 12, 2020

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          Multilateral organisation deposits permitted: eligible organisations, subsidiaries and officials may open accounts with authorised dealers in India. Multilateral organisations of which India is a member, and their subsidiary or affiliate bodies and officials in India, are eligible to open and maintain deposit accounts with an authorised dealer in India; this covers accounts in India held by such non-resident entities and permits deposit-taking through authorised banking channels.
                            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.

                                  Multilateral organisation deposits permitted: eligible organisations, subsidiaries and officials may open accounts with authorised dealers in India.

                                  Multilateral organisations of which India is a member, and their subsidiary or affiliate bodies and officials in India, are eligible to open and maintain deposit accounts with an authorised dealer in India; this covers accounts in India held by such non-resident entities and permits deposit-taking through authorised banking channels.


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