RBI Notifies 4th Amendment to Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2024 [Read Notification]

An important modification brought on Schedule I of Exchange Earner’s Foreign Currency (EEFC) Account Scheme

By Yogitha S. Yogesh - On November 22, 2024 2:36 pm - 2 mins read

RBI - Foreign Exchange Management - Reserve Bank of India - FEMA - Foreign Exchange Management Regulation - Taxscan

The Foreign Exchange Department of the Reserve Bank Of India ( RBI ) through Notification No. FEMA 10 (R)/(4)/2024-RB brought certain amendments to the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2024. This was the (Fourth Amendment) to the rule. RBI through the latest notification amended Regulation 5, wherein the explanation…

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