Foreign Currency Account means any current account, Fixed Deposit account or autosave account which are denominated in foreign currencies and any other type of accounts which the Bank may specify from time to time.

Foreign Currency Account means an account held or maintained in currency other than the currency of India or Nepal or Bhutan;

Foreign Currency Account means an Account denominated in a Foreign Currency.

Examples of Foreign Currency Account in a sentence

FPI Payment procedure ● FIIs shall pay their subscription either by inward remittance through normal banking channels or out of funds held in Foreign Currency Account or Non-Resident Rupee Account maintained by the FII with a designated branch of an authorised dealer.
The sums may be transferred from Foreign Currency Account to SNRR A/c at the prevailing market rate and the AD Category - I bank may transfer repatriable proceeds (after payment of tax) from the SNRR A/c to the Foreign Currency account.
FPI Payment procedure • FIIs shall pay their subscription either by inward remittance through normal banking channels or out of funds held in Foreign Currency Account or Non-Resident Rupee Account maintained by the FII with a designated branch of an authorised dealer.
They can transfer sums from the Foreign Currency Account to the single SNRR A/c for making genuine investments in securities in terms of the SEBI (FII) Regulations,1995 , as amended from time to time.
FIIs/sub-accounts can open a non-interest bearing Foreign Currency Account and / or a single non-interest bearing Special Non-Resident Rupee Account (SNRR A/c) with an AD Category – I bank, for the purpose of investment under the PIS.

More Definitions of Foreign Currency Account

Foreign Currency Account means any current account, fixed deposit account or Savings Bank account which are denominated in foreign currencies and any other type of accounts which the Bank may specify from time to time.‘MAS’ means the Monetary Authority of Singapore 'Person'means any individual.

Foreign Currency Account means the account referred to in Part C.1 of Section II of Schedule 1 to this Agreement.

Foreign Currency Account means a bank account denominated in convertible currencies and permitted foreign currencies;

Foreign Currency Account means a bank account denominated in foreign currency.

Foreign Currency Account means a savings account denominated in a currency other than Canadian dollars.

Foreign Currency Account means a foreign currency account opened, maintained and operated in the name of the Customer, jointly or severally by the Authorized Signatories of the Customer for the purposes of present and/or future utilization of Banking Services.

Foreign Currency Account means a foreign currency-denominated Current Account which also serves as a Payment Account. For the types of Foreign Currency Accounts operated by the Bank, refer to the Announcement;