Please refer to paragraph 27 of Regulation-1 of AML/CFT Regulations issued vide BPRD Circular No. 02 dated September 13, 2012.

2. With a view to facilitate timely settlement of transactions by Foreign Portfolio Investors (FPIs), in their Special Convertible Rupee Accounts (SCRAs), it is advised that banks/DFIs may reactivate dormant SCRAs upon receipt of authenticated instructions from the concerned FPI/account holder. Therefore, the requirement of time-based dormancy under the aforesaid para shall not apply in case of SCRAs.

3. All other instructions on the subject shall however, remain unchanged.

4. Please acknowledge receipt.