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of <h1>Funds to Project Office Accounts in India: Rules for Credits and Debits, Section 4 Compliance Required</h1> Permissible credits to the INR account of a Project Office in India include funds received from the head office through standard banking channels for office expenses and rupee amounts receivable under contracts. Any other credits require prior Reserve Bank approval. Debits are allowed for local office expenses and intermittent remittances pending project completion. For remittances, the AD bank must verify the transaction's legitimacy and require an auditor's certificate confirming provisions for liabilities in India, and an undertaking from the Project Office that remittances will not impact project completion and any fund shortfall will be covered by remittances from abroad.
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