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EEFC is the Exchange Earners’ Foreign Currency Account. It is a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account, so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs. In accordance with Reserve Bank of India's circular no. A. P. (DIR Series) Circular No. 12 dated 31st of July 2012, the balances outstanding in all EEFC / Diamond Dollar Account (DDA) and RFC (D) accounts as on last day of a Current month, shall be converted into Rupees by the Bank on the last working day of the succeeding month, if such balance is not utilised by the account holder before the last day of succeeding month. Such mandatory conversion by the bank on the last working day of the succeeding month will be done at the prevailing TT buying card rate.
Which of the following is the largest glacier in India?
Who among the following became the Chief Minister of Uttarakhand in March 2021?
Which of the following art forms of Kerala is in UNESCO’s list of the Intangible Cultural Heritage of Humanity?
According to the Accounting Standard-1, which of the following are the fundamental accounting assumptions?
India accounts for 45.8 million of the world’s missing females according to the State of World Population 2020 report of:
Who is the author of the book 'Why I Am a Hindu'?
According to the World Bank classification 2020 – 2021, India belongs to the category of ______
Bharatiya Nyaya Sanhita was introduced in Lok Sabha to replace_______.
Which Indian port became the largest in terms of cargo volumes, handling 145.38 million tonnes in FY24?
The AYUSH Ministry has launched ‘HCCR' Portal recently. With which this portal is associated?
