https://www.taxtmi.com/circulars?id=54364 Mandatory quarterly and fortnightly submissions on Diamond Dollar Accounts by Authorised Dealer Category I banks to the Reserve Bank are dispensed with; banks must nevertheless maintain an internal database with account holder identity, opening/closing dates and balance data and make it available to the Reserve Bank on demand. Amendments to the Foreign Currency Accounts Regulations effect this change and the Master Directions are being updated. The directions are issued under FEMA statutory powers without prejudice to other legal permissions. en-us Wed, 23 Mar 2016 00:00:00 +0530 Wed, 18 Feb 2026 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54364 Mandatory quarterly and fortnightly submissions on Diamond Dollar Accounts by Authorised Dealer Category I banks to the Reserve Bank are dispensed with; banks must nevertheless maintain an internal database with account holder identity, opening/closing dates and balance data and make it available to the Reserve Bank on demand. Amendments to the Foreign Currency Accounts Regulations effect this change and the Master Directions are being updated. The directions are issued under FEMA statutory powers without prejudice to other legal permissions. Circulars FEMA Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54364