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FEMA - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

International Trade Settlement in Indian Rupees (INR) – Opening ...


RBI Approves New Special Current Account for Exporters to Settle International Trade in Indian Rupees.

November 18, 2023

Circulars     FEMA

International Trade Settlement in Indian Rupees (INR) – Opening of additional Current Account for exports proceeds - RBI grants permission to open an additional special current account for its exporter constituent exclusively for settlement of their export transactions.

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  1. The Reserve Bank of India (RBI) issued Circular No. 11 on June 11, 2024, allowing Scheduled Commercial Banks with AD Category-I license to open additional current...

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