In FCNR (US$) deposit after maturity of the term, can we get physical US$ from Bank.
Please clarify
That would be an excellent question to ask the Indian bank you do business with. I say this because after years of doing business with Indian banks as an NRI I find that the very same RBI rules are interpreted very differently by different banks.
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Thank You very much. Sadly Branch manager is not aware of the details
@Srikanth, some banks have certain branches in a city which better serve NRIs and who should know what the bank can do (FEMA wise). If your bank is like that asking the NRI officer at such a branch is best.
Your request is indeed a strange one. If what you are trying to do abides by FEMA, feel free to describe it. Someone may have a suggestion as to how the end result can be achieved.
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