13A.6
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Operations on the Accounts
The undernoted credit and debit transactions may be allowed in the accounts by authorised dealers.
Credits:
(a)Proceeds of remittances received in any permitted currency from abroad through normal banking channels or any permitted currency tendered by the account-holder during his temporary visit to India or transfers from rupee accounts of non-resident banks.
(b)Legitimate dues in rupees of the account holder in India.
Debits:
All local payments in rupees (See paragraph 13A.1 for instructions relating to debits for investments).