Facilities to NRIs/PIOs and Residents

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..... NRIs/PIOs and Residents As Authorised Dealers are aware, in terms of Paragraph 4 of Schedule 3 to the Notification No.FEMA 5/2000-RB dated May 3, 2000, balances in NRO accounts are not eligible for remittance outside India, without the approval of Reserve Bank. 2. With a view to further liberalising the Exchange Control Regulations and providing additional facilities to Non-Resident Indians/Pers .....

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