https://www.taxtmi.com/circulars?id=11580 Authorised Dealer Category II may issue forex pre-paid cards to residents travelling abroad subject to KYC/AML/CFT compliance, with settlement of such cards effected through Authorised Dealer Category I. They may also open one Nostro account per currency solely for settlement of permissible remittances, not for prepaid card settlement; no idle balances shall be maintained, and the accounts will be subject to reporting requirements. en-us Wed, 04 Apr 2012 00:00:00 +0530 Thu, 05 Apr 2012 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11580 Authorised Dealer Category II may issue forex pre-paid cards to residents travelling abroad subject to KYC/AML/CFT compliance, with settlement of such cards effected through Authorised Dealer Category I. They may also open one Nostro account per currency solely for settlement of permissible remittances, not for prepaid card settlement; no idle balances shall be maintained, and the accounts will be subject to reporting requirements. Circulars FEMA Wed, 04 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11580