Economics · FEMA Regulations
Under FEMA regulations for export-related accounts, which of the following accounts can be maintained in the form of a current account only?
- 1NRO (Non-Resident Ordinary) Account
- 2RFC (Resident Foreign Currency) Account
- 3NRE (Non-Resident External) Account
- 4EEFC (Exchange Earners' Foreign Currency) Account✓
Correct answer
EEFC (Exchange Earners' Foreign Currency) Account
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