Authorised Dealer Category II – Permission for additional activity and opening of Nostro account.

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..... sed Persons in foreign exchange is invited to Para 3 and Para 5 of Annex I to the A. P. (DIR Series) Circular No. 25 [A.P. (FL/RL Series) Circular No. 02] dated March 6, 2006. 2. At present, only Authorised Dealer Category - I (AD Category-I) banks are permitted to issue forex pre-paid cards to residents travelling on private / business visit abroad. It has now been decided to permit Authorised D .....

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..... reporting requirements as prescribed from time to time. 4. All the other instructions contained in the A.P.(DIR Series) Circular No.25 {A.P.(FL/RL Series ) Circular No.2} dated March 6, 2006 shall remain unchanged. 5. Authorised Persons may bring the contents of this circular to the notice of their constituents concerned. 6. The directions contained in this Circular have been issued under Sect .....

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