Authorised Dealer Category II – Permission for additional activity and opening of Nostro account.

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Full Text of the Document

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....ised Persons in foreign exchange is invited to Para 3 and Para 5 of Annex I to the A. P. (DIR Series) Circular No. 25 [A.P. (FL/RL Series) Circular No. 02] dated March 6, 2006. 2. At present, only Authorised Dealer Category - I (AD Category-I) banks are permitted to issue forex pre-paid cards to residents travelling on private / business visit abroad. It has now been decided to permit Authorised ....