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of <h1>RBI Master Circular on Vostro Accounts: Guidelines for Rupee Drawing Arrangements and Compliance for Authorised Dealer Banks.</h1> The Master Circular consolidates instructions for opening and maintaining Rupee/Foreign Currency Vostro Accounts of non-resident exchange houses by Authorised Dealer Category-I banks. It outlines procedures for Rupee Drawing Arrangements, including Designated Depository Agency, Non-Designated Depository Agency, and Speed Remittance procedures. The circular specifies operational guidelines, permitted transactions, and internal controls for these accounts. It mandates due diligence, compliance with anti-money laundering regulations, and periodic reporting to the Reserve Bank. The circular is effective until July 1, 2014, after which it will be replaced by an updated version.
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