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Special Non-Resident Rupee Account - SNRR account

SCHEDULE 4 - Regulation - FEMA - SCHEDULE 4 - SCHEDULE 4 [See Regulation 5(4)] 1. Any person resident outside India, having a business interest in India, may open Special Non-Resident Rupee Account (SNRR account) with an authorised dealer for the pur .....

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peration. 3. The operations in the SNRR account should not result in the account holder making available foreign exchange to any person resident in India against reimbursement in rupees or in any other manner. 4. The SNRR account shall not bear any i .....

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e account holder. 7. All the operations in the SNRR account should be in accordance with the provisions of the Act, rules and regulations made thereunder. 8. The tenure of the SNRR account should be concurrent to the tenure of the contract/ period of .....

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