19 July 2012
In respect of all future foreign exchange earnings, post May 10, 2012, foreign exchange earner is eligible to retain 50% (as against the previous limit of 100%) in non-interest bearing EEFC Account, subject to permissible credits and debits. The balance 50% shall be surrendered for conversion to rupee balances (A. P. (DIR. Series) Circular No. 124, dated May 10, 2012). For more info u can refer: http://www.rbi.org.in/scripts/FAQview.aspx?Id=21
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