https://www.taxtmi.com/circulars?id=52876 The Circular establishes rules for opening, funding, operation and oversight of Rupee and foreign currency vostro accounts of non resident Exchange Houses under Rupee Drawing Arrangements and Foreign Currency Drawing Arrangements. It prescribes permitted inbound remittance uses, credit only account operations, separate accounts per arrangement, three operational procedures (DDA, Non DDA, Speed Remittance) with corresponding audit/inspection and collateral regimes, strict KYC/AML/CFT compliance, periodic internal and external reviews, and specified reporting and Board approval requirements to the Reserve Bank. en-us Tue, 01 Jul 2014 00:00:00 +0530 Tue, 02 Jun 2015 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52876 The Circular establishes rules for opening, funding, operation and oversight of Rupee and foreign currency vostro accounts of non resident Exchange Houses under Rupee Drawing Arrangements and Foreign Currency Drawing Arrangements. It prescribes permitted inbound remittance uses, credit only account operations, separate accounts per arrangement, three operational procedures (DDA, Non DDA, Speed Remittance) with corresponding audit/inspection and collateral regimes, strict KYC/AML/CFT compliance, periodic internal and external reviews, and specified reporting and Board approval requirements to the Reserve Bank. Circulars FEMA Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52876