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Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses

RBI/2013-14/3
Master Circular No.3/2013-14

July 01, 2013

To,

All Authorised Dealer Category-I Banks

Madam / Sir,

Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses

This Master Circular consolidates the existing instructions on the subject of Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses at one place. The list of underlying circulars/ notifications is set out in the Appendix.

2. This Master Circular is issued with a sunset clause. This circular will stand withdrawn on July 01, 2014 and be replaced by an updated Master Circular on the subject.

Yours faithfully,

(Rudra Narayan Kar)
Chief General Manager

Click Here for the Master Circular

Appendix

List of A.P.(DIR Series) Circulars which have been consolidated in the Master Circular on Memorandum of Instructions governing money changing activities

Sl. No.

Notification/ Circular

Date

1.

A.P. (DIR Series) Circular No. 28
[A.P.(FL/ RL Series) Circular No. 02]
February 6, 2008

2.

A.P. (DIR Series) Circular No.11
[A.P.(FL/ RL Series) Circular No. 01]
August 22, 2008

3.

A.P. (DIR Series) Circular No.37
[A.P.(FL/ RL Series) Circular No. 02]
December 2, 2008

4.

A.P. (DIR Series) Circular No. 16
[ A.P.(FL/ RL Series) Circular No. 3]
November 27, 2009

5.

A.P. (DIR Series) Circular No. 09
[A.P.(FL/ RL Series) Circular No. 01]
August 29, 2011

6.

A.P. (DIR Series) Circular No. 72 January 30, 2012

7.

A.P. (DIR Series) Circular No. 81 January 24, 2013

8.

A.P. (DIR Series) Circular No. 85 February 28, 2013

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