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💕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.




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