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Exchange Earners Foreign Currency (EEFC) Account - As on Jul 05, 2016
Home List Manuals FEMA ManualFEMA - FAQExchange Earners Foreign Currency (EEFC) Account - As on Jul 05, 2016 This
 

FEMA - FAQ

Exchange Earners Foreign Currency (EEFC) Account - As on Jul 05, 2016

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  1. What is an EEFC Account and what are its benefits?
  2. Who can open an EEFC account?
  3. What are the different types of EEFC accounts? Can interest be paid on these accounts?
  4. How much of one’s foreign exchange earnings can be credited into an EEFC account?
  5. Whether EEFC Account can be opened by Special Economic Zone (SEZ) Units?
  6. Is there any Cheque facility available?
  7. What are the permissible credits into this account?
  8. Can foreign exchange earnings received through an international credit card be credited to the EEFC account?
  9. What are the permissible debits into this account?
  10. Is there any restriction on withdrawal in rupees of funds held in an EEFC account?
  11. Whether the EEFC balances can be covered against exchange risk?
  12. Whether EEFC Account is permitted to be held jointly with a resident relative?
 
 
 

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