Master Circular on Non-Resident Ordinary Rupee (NRO) Account

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..... ary Rupee (NRO) Account The acceptance of deposits by an authorised dealer / authorised bank from persons resident outside India are regulated by the provisions of sub-sections (1) and (2) of section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.5/2000 RB dated May 3, 2000 as amended from time to time. 2. This Master Circular consolidates the existing instructi .....

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