Exchange Earners Foreign Currency Account

#exchanges Earners' Foreign Currency Account
#Exchange Earners' Foreign Currency Account process
#commerceindex


💕Exchange Earners' Foreign Currency Account (EEFC)💕

👍Exchange Earners' Foreign Currency Account (EEFC) is an account
maintained in foreign currency with an Authorised Dealer Category

👍example : a bank authorized to deal in foreign exchange.

👍It is a facility provided to foreign exchange earners, including
exporters, to credit 100 percent 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.




::::::::::::::::::::: other related videos :::::::::::::::::::::::::::::

#ADVANTAGES OF BILL OF EXCHANGE :    • ADVANTAGES  OF BILL OF EXCHANGE | EXP...  


#DISADVANTAGES OF A BILL OF EXCHANGE :    • DISADVANTAGES OF A BILL OF EXCHANGE |...  


#FEATURES OF BILL OF EXCHANGE :    • MOST IMPORTANT FEATURES OF BILL OF EX...  


#BILL OF EXCHANGE - Explained everything :    • BILL OF EXCHANGE : Explained everythi...  


#Cheque Truncation System :    • An Overview of Cheque Truncation Syst...  


#Individual Retirement Accounts :    • Individual Retirement Accounts (#IRAs...  


#Dormant Account :    • Dormant Account Meaning, guidelines, ...