acquired in the form of currency notes, bank notes and travelers cheques subject to the conditions like acquired while on visit to any place outside India by way of payment for services not arising from any business in or anything done in India etc., as permitted under extant FEMA ...
Change of Resident Status of Account Holder NRE Accounts should be re designated as resident account or the funds held in these accounts may be transferred to the Resident Foreign Currency (RFC) Accounts (if the account holder is eligible for maintaining RFC Account) at the option of the accoun...