Deposits and Accounts – Accounts of Non-resident banks

Deposits and Accounts – Accounts of Non-resident banks https://www.taxtmi.com/circulars?id=71137 Reporting requirements for Rupee accounts maintained by non-resident banks through authorised dealer banks are dispensed with immediate effect. Authorised dealer Category-I banks are no longer required to furnish annual updated lists of offices or branches maintaining such accounts. The obligation to report temporary overdrawals by overseas branches or correspondents exceeding the permissible limit and remaining unadjusted beyond the prescribed period is also discontinued. en-us Wed, 02 Sep 2026 00:00:00 +0530 Thu, 03 Sep 2026 13:41:00 +0530 TaxTMI RSS Generator Deposits and Accounts – Accounts of Non-resident banks https://www.taxtmi.com/circulars?id=71137 Reporting requirements for Rupee accounts maintained by non-resident banks through authorised dealer banks are dispensed with immediate effect. Authorised dealer Category-I banks are no longer required to furnish annual updated lists of offices or branches maintaining such accounts. The obligation to report temporary overdrawals by overseas branches or correspondents exceeding the permissible limit and remaining unadjusted beyond the prescribed period is also discontinued. Circulars FEMA Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71137