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of <h1>Banks Must Submit Fortnightly Foreign Currency Reports Online; Monthly Nostro/Vostro Balance Reports Discontinued.</h1> Authorized Dealer Category-I banks must submit a fortnightly statement detailing their foreign currency holdings via the Online Returns Filing System within seven days of the reporting period's end. Starting August 16, 2017, these submissions should be made through the specified web portal, following the format in Annexure I. The requirement for a monthly statement of Nostro/Vostro account balances has been discontinued. These directives are issued under the Foreign Exchange Management Act, 1999, and do not affect any other legal permissions or approvals needed.
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