Foreign Exchange Management (Deposit) Regulations, 2000 -Credit to Non Resident (External) Rupee Accounts

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..... Rupee Accounts Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to paragraph 3 of Schedule I to the Foreign Exchange Management (Deposit) Regulations, 2000 [Notification No. FEMA 5/2000-RB dated May 3, 2000], as amended from time to time, giving the permissible credits to the Non-Resident (External) Rupee (NRE) account. Further, in terms of Anti-Money Laundering gui .....

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..... nts of the circular to the notice of their constituents concerned. 4. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Salim Gangadharan) Chief General Manager-in-Charge
Circular, Trad .....

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