Opening of Escrow Accounts for FDI transactions

Last updated: 04 May 2011

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Opening of Escrow Accounts for FDI transactions RBI/2010-11/ 498 A. P. (DIR Series) Circular No. 58 May 02, 2011 To All Category-I Authorised Dealer Banks Madam / Sir, Opening of Escrow Accountsfor FDI transactions Attention of the Authorised Dealer Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified videNotification No. FEMA. 20/2000-RB dated May 3, 2000

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Notification No : A. P. (DIR Series) Circular No. 58

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