Para 5.4 of AP DIR Circular 106 dated June 01, 2015 states that the applicants should have maintained the bank account with the bank for a minimum period of one year prior to the remittance for capital account transactions. Whether this restriction applies to current account transactions?

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.... account transactions. Whether this restriction applies to current account transactions?<br>Liberalised Remittance Scheme - As on Apr 06, 2023 - FEMA - FAQ<br>FEMA<br>Ans. No. The rationale is that re....