13A.14
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
General
The facility of maintaining Non-Resident (Special) Rupee (NRSR) Account is extended to non resident individuals of Indian nationality and persons of Indian origin. These accounts will carry the same facilities and restrictions as are applicable to domestic accounts of residents in respect of repatriation of funds held in the account and/or income accrued thereon with an exception of investment in shares / securities and immovable property in India, which will be governed by the extant exchange control regulations applicable on such investments.