Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More
(a) 50% of the balances in these accounts must be converted within 15 days from the date of this Circular into Rupee balances and credited to the Rupee accounts as per the directions of the account holder.
(b) In respect of all future foreign exchange earnings, an exchange earner is eligible to retain 50% (as against the previous limit of 100%) in non-interest bearing foreign currency accounts. The balance 50% shall be surrendered for conversion to Rupee balances.
(c) EEFC account holders henceforth will be permitted to access the foreign exchange market for purchasing foreign exchange only after utilising fully the available balances in the EEFC accounts.
