Section 4 in The Foreign Exchange Management (Foreign Currency Accounts By A Person Resident In India) Regulations, 2000
4. Opening, holding and maintaining an Exchange Earner's Foreign Currency Account. - A person resident in India may open, hold and maintain with an authorised dealer in India, a Foreign Currency Account to be known as Exchange Earner's Foreign Currency (EEFC) Account, subject to the terms and conditions of the Exchange Earners' Foreign Currency Account Scheme specified in the Schedule.
