https://www.taxtmi.com/notifications?id=131426 SNRR accounts may be opened by persons resident outside India with a business interest in India for bona fide rupee transactions compliant with foreign-exchange requirements. Permitted purposes include specified investments, imports, exports, trade credit, External Commercial Borrowings lending and designated IFSC-related transactions outside the IFSC. Account nomenclature must identify the relevant business, and banks may maintain separate or single accounts if transactions are segregated category-wise. Account tenure generally cannot exceed seven years, subject to renewal approval, although specified transaction categories are exempt from that restriction. en-us Wed, 13 Nov 2019 00:00:00 +0530 Tue, 08 Sep 2026 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131426 SNRR accounts may be opened by persons resident outside India with a business interest in India for bona fide rupee transactions compliant with foreign-exchange requirements. Permitted purposes include specified investments, imports, exports, trade credit, External Commercial Borrowings lending and designated IFSC-related transactions outside the IFSC. Account nomenclature must identify the relevant business, and banks may maintain separate or single accounts if transactions are segregated category-wise. Account tenure generally cannot exceed seven years, subject to renewal approval, although specified transaction categories are exempt from that restriction. Notifications FEMA Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131426