Regulation 4 - Opening, holding and maintaining an Exchange Earner’s Foreign Currency Account - Foreign Exchange Management (Foreign Currency Accounts By A Person Resident In India) Regulations, 2000

4. Opening, holding and maintaining an Exchange Earner's Foreign Currency Account :- A person resident in India may open, hold and maintain with an authorised dealer in India, a Foreign Currency Account to be known as Exchange Earner's Foreign Currency (EEFC) Account, subject to the terms and conditions of the Exchange Earners' Foreign Currency Account Scheme specified in the 1 [ Schedule-I ] . -------------------------------------------------- Notes:- 1. Substituted vide Notification No. FEMA/219/2011-RB, DATED 3-6-2011, b efore it was read as:- "Schedule"