5A.11
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Rupee Accounts of Exchange Houses
Opening of rupee accounts in the names of exchange houses for facilitating private remittances into India requires approval of Reserve Bank. Remittances through exchange houses for financing trade transactions are permitted upto Rs.2,00,000 per transaction. [See Paragraph 6A.6 (iii)].