New Guidelines on EEFC account balances - Jan-22 Circular

 

Keeping in view the operational difficulties faced by the account holders and the Authorized Dealer banks, as a measure of rationalization, it has been decided to dispense with the stipulation made in A.P. (DIR Series) Circular No. 124 dated May 10, 2012, that EEFC account holders henceforth will be permitted to access

the forex market for purchasing foreign exchange only after utilizing fully the available balances in the EEFC accounts