Full convertibility of Deposit Schemes – NRNR/NRSR Accounts- Clarifications

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..... Foreign Exchange Madam/Sirs, Full convertibility of Deposit Schemes - NRNR/NRSR Accounts- Clarifications Attention of authorised dealers is invited to A.P(DIR Series) Circular No.28 dated March 4, 2002 and clarifications issued from time to time on the subject. 2. Our clarifications to the queries from authorised dealers on some of the operational aspects of the deposit schemes, are as u .....

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..... e NRNR deposit holder does not hold NRE account, he may be allowed to repatriate the maturity proceeds of the NRNR Deposit outside India. (iv) Credit of matured NRNR deposits to RFC Account NRNR deposits maturing on or after April 1, 2002 held by such NRNR deposit holders, who have since become residents, may be credited to their RFC accounts. 3. Authorised Dealers may bring the contents .....

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