Regulation 2 - Definitions - Foreign Exchange Management (Crystallization of Inoperative Foreign Currency Deposits) Regulations, 2014

Definitions 2. In these regulations unless the context otherwise requires : (i) 'Act' means the Foreign Exchange Management Act, 1999(42 of l999) ; (ii) 'Authorised Bank' means a bank including a cooperative bank (other than an authorised dealer) authorised by the Reserve Bank to maintain an account of a person resident outside India; (iii) 'Authorised Dealer' means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Act ; (iv) 'Crystallisation' means conversion of credit balances in any inoperative foreign currency denominated deposit to Indian Rupee. (v) Deposit' means and includes account balances or deposit of money with an Authorised bank.