https://www.taxtmi.com/acts?id=18577 For fixed-maturity foreign currency deposits remaining inoperative for the prescribed period, the authorised bank converts the balance into Indian Rupee at the prevailing exchange rate on conversion; the depositor may claim either the Rupee proceeds with interest or the foreign currency equivalent of those Rupee proceeds and interest at the payment-date rate. For non-maturing foreign currency deposits remaining inoperative for the prescribed period (excluding bank charge debits as operations), the authorised bank, after issuing a notice to the depositor and upon expiry of the notice period, converts the deposit into Indian Rupee at the prevailing rate, with the same claimant entitlements. en-us Fri, 18 Apr 2014 20:21:39 +0530 Tue, 17 Jun 2025 18:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18577 For fixed-maturity foreign currency deposits remaining inoperative for the prescribed period, the authorised bank converts the balance into Indian Rupee at the prevailing exchange rate on conversion; the depositor may claim either the Rupee proceeds with interest or the foreign currency equivalent of those Rupee proceeds and interest at the payment-date rate. For non-maturing foreign currency deposits remaining inoperative for the prescribed period (excluding bank charge debits as operations), the authorised bank, after issuing a notice to the depositor and upon expiry of the notice period, converts the deposit into Indian Rupee at the prevailing rate, with the same claimant entitlements. Act-Rules FEMA Fri, 18 Apr 2014 20:21:39 +0530 https://www.taxtmi.com/acts?id=18577