Resident Foreign Currency (Domestic) Account -Facility for Resident Individuals

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Full Text of the Document

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....s Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.53 dated November 23, 2002 and Notification No.FEMA.74/2002-RB dated November 1, 2002, in terms of which residents are permitted to open, hold and maintain, with an Authorised dealer in India, a Resident Foreign Currency (Domestic) Account out of foreign exchange acquired in the form of currency notes, bank notes and tra....