Eefc account
This query is : Resolved
18 July 2012
How much of one’s foreign exchange earnings can be credited into an EEFC account?
CS Divya Sorayan
(Expert)
19 July 2012
In respect of all future foreign exchange earnings, post May 10, 2012, foreign exchange earner is eligible to retain 50% (as against the previous limit of 100%) in non-interest bearing EEFC Account, subject to permissible credits and debits. The balance 50% shall be surrendered for conversion to rupee balances (A. P. (DIR. Series) Circular No. 124, dated May 10, 2012).
For more info u can refer:
https://www.rbi.org.in/scripts/FAQview.aspx?Id=21
For more info u can refer:
https://www.rbi.org.in/scripts/FAQview.aspx?Id=21
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