Foreign Exchange Management (Crystallization of Inoperative Foreign Currency Deposits) Regulations, 2014.

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.... (b) of Section 9 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations relating to inoperative foreign currency deposits, namely:- Short title and commencement 1. (i) These regulations may be called the Foreign Exchange Management (Crystallization of Inoperative Foreign Currency Deposits) Regulations, 20....

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....inated deposit to Indian Rupee. (v)     "Deposit' means and includes account balances or deposit of money with an Authorised bank. Crystallisation of Inoperative foreign currency deposits 3. (1) In case a foreign currency denominated deposit with a fixed maturity date remains inoperative for a period of three years from the date of maturity of the deposit, at the e....