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. |
