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of <h1>Rupee Drawing Arrangement: Mechanism for Cross-Border Remittances via Authorized Banks and Exchange Houses in FATF-Compliant Countries.</h1> Rupee Drawing Arrangement (RDA) is a mechanism for receiving cross-border remittances from abroad. It involves Authorised Category I banks forming partnerships with non-resident Exchange Houses in countries compliant with the Financial Action Task Force (FATF) standards. These banks open and maintain Vostro Accounts to facilitate the remittance process.
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