https://www.taxtmi.com/circulars?id=7673 A Resident Foreign Currency (Domestic) Account may be opened, held and maintained with an Authorised Dealer in India from foreign exchange acquired as currency notes, bank notes and travellers cheques, including unspent travel foreign exchange, honoraria, gifts and payments from non residents visiting India. Debits are permitted for current account transactions under the Current Account Transactions Rules and for permissible capital account transactions; the account must be a non interest bearing Current Account and there is no ceiling on balances. en-us Sat, 23 Nov 2002 00:00:00 +0530 Fri, 25 Sep 2009 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7673 A Resident Foreign Currency (Domestic) Account may be opened, held and maintained with an Authorised Dealer in India from foreign exchange acquired as currency notes, bank notes and travellers cheques, including unspent travel foreign exchange, honoraria, gifts and payments from non residents visiting India. Debits are permitted for current account transactions under the Current Account Transactions Rules and for permissible capital account transactions; the account must be a non interest bearing Current Account and there is no ceiling on balances. Circulars FEMA Sat, 23 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7673