Is the Indian branch of foreign bank eligible to open Special Rupee Vostro Account of headquarter branch/any other branch situated in any foreign country?
International Trade Settlement in Indian Rupees (INR) - As on Dec 01, 2022
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Eligibility to open Special Rupee Vostro Account requires the Indian branch to be an AD bank and RBI approval. An Indian branch of a foreign bank may open a Special Rupee Vostro Account for a headquarter or other overseas branch only if the Indian branch is an ... Summary
Eligibility to open Special Rupee Vostro Account requires the Indian branch to be an AD bank and RBI approval.
An Indian branch of a foreign bank may open a Special Rupee Vostro Account for a headquarter or other overseas branch only if the Indian branch is an Authorised Dealer bank and obtains the requisite approval from the Reserve Bank of India, on the same terms and subject to the same approvals as apply to other such accounts.
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