IFSC notified regarding the amendment in the permissible transactions through the Special Non-Resident Rupee (SNRR) accounts of IFSC units

Jan 29, 2025 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Industry Specific ComplianceThe International Financial Services Centre (IFSC) on January 29, 2025, notified regarding the amendment in the permissible transactions through the Special Non-Resident Rupee (SNRR) accounts of IFSC units.

It is stated that an amendment to FEMA Deposit Regulations as notified on January 14, 2025, now allows IFSC units to use their SNRR accounts for all business-related transactions in India.


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT