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What are the limits prescribed by Reserve Bank to keep the amount received by way of inward foreign remittances in EEFC accounts?

April 26, 2017Bank eefc foreign inward limits prescribed received remittances Reserve

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What are the limits prescribed by Reserve Bank to keep the amount received by way of inward foreign remittances in EEFC accounts?

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R. A 100% EOU or a Unit in EPZ / STP / EHTP can keep upto 70% of their foreign exchange earnings in their account and use it for authorised, bonafide purposes and any other person resident in India can keep upto 50% of the foreign exchange earnings in this account.