Foreign Exchange Management (Deposit) Regulations, 2016


RBI UPDATE

Foreign Exchange Management (Deposit) Regulations, 2016

Reserve Bank of India has issued the Foreign Exchange Management (Deposit) Regulations, 2016 in supersession of the erstwhile Foreign Exchange Management (Deposit) Regulations, 2000, as amended from time to time 

These regulations seek to regulate deposits between a person resident in India and a person resident outside India