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FEMA Regulations: Resident Accounts and Liberalized Remittance Scheme
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Which of the following is not a resident account under the Foreign Exchange Management (Resident Accounts) Regulations, 2000?
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A
Non-Resident Ordinary Rupee Account
💡 Explanation:
Non-Resident Ordinary Rupee Account is not a resident account under the Foreign Exchange Management (Resident Accounts) Regulations, 2000.