Fortnightly reporting requirement for Diamond Dollar Accounts requires banks to submit DDA balances to the central bank. AD Category I banks must submit fortnightly statements of Diamond Dollar Account balances, in the annexed format, to the Reserve Bank within seven days of each fortnight's close; existing terms in preceding A.P. (DIR Series) circulars remain unchanged and the reporting is issued under statutory powers without prejudice to other legal permissions.
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Fortnightly reporting requirement for Diamond Dollar Accounts requires banks to submit DDA balances to the central bank.
AD Category I banks must submit fortnightly statements of Diamond Dollar Account balances, in the annexed format, to the Reserve Bank within seven days of each fortnight's close; existing terms in preceding A.P. (DIR Series) circulars remain unchanged and the reporting is issued under statutory powers without prejudice to other legal permissions.
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