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Acceptance of deposits by an authorised dealer/ authorised bank from persons resident outside India

Regulation 5 - Regulation - FEMA - Regulation 5 - 5. :- 1) An authorised dealer in India may accept deposit i) under the Non-Resident (External) Account Scheme (NRE account), specified in Schedule 1, from a nonresident Indian; ii) under the Foreign C .....

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; 2) Without prejudice to sub-regulation (1), deposits under NRE and NRO Account Schemes referred to in clauses (i) and (iii) of that sub-regulation, may also be accepted by an authorised bank, in accordance with the provisions contained in the respe .....

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