Rupee Drawing Arrangement: AD Category I banks must submit RDA correspondence and prescribed statements to RBI regional offices. Authorised Dealer Category I banks must submit all Rupee Drawing Arrangement correspondence and prescribed statements to the Regional Office of the Reserve Bank's Foreign Exchange Department having jurisdiction over the bank's registered office; prior instructions on Vostro account maintenance remain unchanged and the directions are issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999.
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Rupee Drawing Arrangement: AD Category I banks must submit RDA correspondence and prescribed statements to RBI regional offices.
Authorised Dealer Category I banks must submit all Rupee Drawing Arrangement correspondence and prescribed statements to the Regional Office of the Reserve Bank's Foreign Exchange Department having jurisdiction over the bank's registered office; prior instructions on Vostro account maintenance remain unchanged and the directions are issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999.
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