Which among the following sentence is INCORRECT regarding Foreign Currency Non Resident (FCNR) accounts in India ?

[A] Accounts in foreign currencies (FCNR accounts) can be maintained by NRIs with authorized dealers in India.
[B] FCNR Accounts can be maintained in Pound Sterling, U.S.Dollar, Deutsche Mark, Japanese Yen and Euro
[C] FCNR accounts can be maintained only in the form of current / savings account as well as ‘term deposits’
[D] All statements are correct

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