Foreign Inward Remittance Payment System (FIRPS) Instrument – Withdrawal of

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....m (FIRPS) Instrument - Withdrawal of RBI/2004/96 A.P.(DIR Series) Circular No.78 March 13, 2004 To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Foreign Inward Remit....

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....2. The relevance of the FIRP system has been reviewed in consultation with FEDAI and it has been decided to withdraw the FIRPS instrument as it is no longer used by banks in the wake of electronic cre....