Exchange Earner’s Foreign Currency (EEFC) Account

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..... Series) Circular No. 124 dated May 10, 2012 on the captioned subject in terms of which 50% of the balances in the EEFC accounts should be converted forthwith into rupee balances and credited to the rupee accounts as per the directions of the account holder. 2. Based on various queries received from Authorised Dealers, it is clarified that the conversion of the EEFC balances into rupee balances .....

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