Foreign currency account rules restrict residents but permit specified account types with defined eligibility and utilisation conditions. The Regulations generally prohibit residents from opening or maintaining foreign currency accounts except as expressly permitted. Permitted in India accounts include EEFC, RFC and Resident Foreign Currency (Domestic) Accounts with defined eligibility, permissible credits and debits, operating features and restrictions; special provisions apply to SEZ units, exporters, DDAs and other categories. Accounts outside India are permitted for authorised dealers, overseas branches/offices of Indian entities subject to remittance limits and closure conditions, for exporters with approvals, for Overseas Direct Investment subject to utilisation and repatriation rules, and for startups with overseas subsidiaries, with authorised dealers bound to follow RBI directions and reporting obligations.