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Non-Resident (Special) Rupee (NRSR) Account Scheme

[Deposits in India by an NRI ]

The terms and conditions subject to which authorised dealers can open and maintain NRSR account in the name of any NRIIPIO are specified in Schedule 5 to these Regulations. These are same as contained in Part A—Section II of Chapter 13 of ECM. In terms of the provisions of Schedule 5, NRSR accounts will also be allowed to be opened and maintained by banks authorised to maintain accounts of non-residents, subject to the provisions of this Schedule.

Deposits in India by an NRI ( Non-Resident Indian)
1. Introduction- Deposits in India by an NRI
2. Non-Resident (External) Account Scheme
3. NRE account to RFC account
4. Foreign Currency (Non-Resident) Account (Banks) Scheme, i.e. FCNR (B)
5. Non-Resident Ordinary Rupee(NRO) Account Scheme
6. Non-Resident (Non-Repatriable) Rupee (NRNR) Deposit Scheme
7. Non-Resident (Special) Rupee (NRSR) Account Scheme
8. Acceptance of deposit by a company in India from NRIs on repatriation basis
9. Acceptance Of Deposits By Indian Proprietorship Concernlfirm Or A Company From Nris On Non- Repatriation Basis
10. Full convertibility of deposit scheme Non-Resident Indians
11. NRNR, NRSR Accounts To Be Discontinued On Maturity

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Tax Amendments in Finance Bill 2020

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