Memorandum of Instructions governing money changing activities.

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..... I to the Memorandum of 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) Circ .....

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..... Revised guidelines Note at the end of Part A [Note:- No fresh authorization 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 .....

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