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Is there any restriction on withdrawal in rupees of funds held in an EEFC account?

April 26, 2017account eefc funds held Rupees withdrawal

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Is there any restriction on withdrawal in rupees of funds held in an EEFC account?

1 Answer

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No, there is no restriction on withdrawal in rupees of funds held in an EEFC account. However, the amount withdrawn in rupees shall not be eligible for conversion into foreign currency and for re-credit to the account.