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

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..... Attention of all the Authorised 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 bee .....

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..... nt; and iv) They will be subject to 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 .....

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