14C.1
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
General
Foreign Currency (Ordinary - Non-repatriable) Deposit(FCONR) Accounts in the names of non-residents denominated in U.S. dollar were allowed to be opened by authorised dealers out of funds transferred to India in an approved manner in convertible foreign currency from abroad or by transfer of funds from NRE/FCNR accounts. The Scheme was withdrawn with effect from 20th August 1994.