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of <h1>Master Circular: Guidelines for Rupee/Foreign Currency Vostro Accounts, KYC/AML Compliance, and Reserve Bank Approval for RDAs.</h1> The Master Circular consolidates guidelines for opening and maintaining Rupee/Foreign Currency Vostro Accounts for non-resident exchange houses by Authorized Dealer Category-I banks. It outlines procedures for Rupee Drawing Arrangements (RDAs), including compliance with FATF standards, and mandates Reserve Bank approval for initial arrangements. The circular specifies permitted transactions, such as personal remittances and trade transactions up to Rs. 15,00,000. It emphasizes internal controls, KYC/AML compliance, and regular audits. Collateral requirements vary based on the exchange house's operational history. The circular also details reporting obligations and procedures for foreign currency drawing arrangements.
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