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Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme

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Full Text of the Document

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....D Category-I) banks is invited to Schedule 2 of the Foreign Exchange Management (Deposit) Regulations, 2000, notified vide Notification No. FEMA 5/2000-RB dated May 3, 2000, as amended from time to time, in terms of which instructions regarding opening and maintenance of FCNR (B) deposit have been stipulated. 2. It has come to our notice that Authorised Dealer banks are insisting on different r....

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