What is the Resident Foreign Currency Account Scheme?

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What is the Resident Foreign Currency Account Scheme?

Question: What is the Resident Foreign Currency Account Scheme?

496 Days ago
NRI Accounting - Business and Finance

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Raju Kanumuri: This is a Scheme drawn up by the Reserve Bank permitting Returning Indians to open foreign currency accounts with banks in India for holding funds brought by them to India. This facility replaces the earlier (RIFEE) facility.

Source : Reserve Bank Of India

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What is the Resident Foreign Currency Account Scheme?

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