Rupee Drawing Arrangement – Delegation of work to Regional Offices-Submission of Statements / Returns

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..... ed Dealer Category - I (AD Cat - I) banks is invited to A.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008 on Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses, as amended from time to time. 2. In continuation to A.P. (DIR Series) Circular No. 7 dated July 18, 2014, it is .....

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..... ) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008, as amended from time to time, will remain unchanged. 4. AD Category-I Banks may bring the contents of this circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 19 .....

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