Whether interest can be earned on SNRR balances or through term deposit? https://www.taxtmi.com/manuals?id=6301 Balances in Special Non Resident Rupee Accounts do not earn interest and converting those balances into term deposits is not a permitted means to obtain interest; holders should not expect interest income from SNRR account balances or related term deposits under the applicable foreign exchange framework. en-us Fri, 06 Dec 2024 15:04:00 +0530 Fri, 06 Dec 2024 15:04:00 +0530 TaxTMI RSS Generator Whether interest can be earned on SNRR balances or through term deposit? https://www.taxtmi.com/manuals?id=6301 Balances in Special Non Resident Rupee Accounts do not earn interest and converting those balances into term deposits is not a permitted means to obtain interest; holders should not expect interest income from SNRR account balances or related term deposits under the applicable foreign exchange framework. Manuals FEMA Fri, 06 Dec 2024 15:04:00 +0530 https://www.taxtmi.com/manuals?id=6301