https://www.taxtmi.com/acts?id=20773 Cross-border deposits between a person resident in India and a person resident outside India are prohibited unless permitted under the applicable foreign-exchange framework, including regulations, rules, directions or orders. The Reserve Bank may allow a resident person to accept deposits from, or make deposits with, a non-resident upon application and where it is satisfied that such permission is necessary. en-us Thu, 07 Apr 2016 12:00:12 +0530 Tue, 08 Sep 2026 15:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20773 Cross-border deposits between a person resident in India and a person resident outside India are prohibited unless permitted under the applicable foreign-exchange framework, including regulations, rules, directions or orders. The Reserve Bank may allow a resident person to accept deposits from, or make deposits with, a non-resident upon application and where it is satisfied that such permission is necessary. Act-Rules FEMA Thu, 07 Apr 2016 12:00:12 +0530 https://www.taxtmi.com/acts?id=20773