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What is the procedure for opening a Special Rupee Vostro Account with an Indian AD bank?
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.... between AD bank and correspondent bank from the trading partner country along with the funds flow. (b) A brief write-up on the foreign banks seeking correspondent relationship for Special Rupee Vostro Account. (c) Copy of the request letter of the correspondent bank to AD bank. (d) Confirmation from AD bank that the due diligence has been carried out by AD bank which establishes corresponde....