https://www.taxtmi.com/circulars?id=52824 Authorised dealers must convert inoperative foreign currency deposits into Indian Rupee at the prevailing exchange rate after the prescribed inactivity period. For fixed maturity deposits the conversion occurs at the end of the inactivity period following maturity; for non maturing deposits conversion follows a prior notice to the depositor and excludes debits for bank charges as operations. Depositors may claim either the Indian Rupee proceeds with interest or the foreign currency equivalent calculated at the rate prevailing on the date of payment. en-us Wed, 28 May 2014 00:00:00 +0530 Wed, 28 May 2014 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52824 Authorised dealers must convert inoperative foreign currency deposits into Indian Rupee at the prevailing exchange rate after the prescribed inactivity period. For fixed maturity deposits the conversion occurs at the end of the inactivity period following maturity; for non maturing deposits conversion follows a prior notice to the depositor and excludes debits for bank charges as operations. Depositors may claim either the Indian Rupee proceeds with interest or the foreign currency equivalent calculated at the rate prevailing on the date of payment. Circulars FEMA Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52824