Memorandum of Instructions governing money changing activities.

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..... Instructions governing money changing activities, issued vide A. P. (DIR Series) Circular No. 57 [A.P. (FL/RL Series) Circular No. 04] dated March 9, 2009. 2. It has been decided to amend certain instructions contained in the aforementioned Parts. The amended instructions are given in the Annex. 3. All the other instructions contained in the A.P.(DIR Series) Circular No.57 {A.P.(FL/RL Series ) .....

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..... will be issued to Urban Cooperative Banks (UCBs) to function as FFMCs]. [Note: Urban Cooperative Banks (UCBs), fulfilling the eligibility norms, would be considered for authorization as Authorised Dealer Category-I / Authorised Dealer Category -II only.] (E) 6 - Sales against Reconversion of Indian Currency Note (2) : ADs Category - I and ADs Category - II may provide facility for reconversion .....

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