Reserve Bank Of India
A. P. (DIR Series) Circular No. 8
July 18, 2012
To
All Authorised Dealer Category- I Banks
Madam/ Sir,
Exchange Earner's Foreign Currency (EEFC) Account
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited
to A.P. (DIR Series) Circular No. 124 dated May 10, 2012.
- On a review, it is advised that the provisions contained in the aforesaid
Circular will not apply to the Resident Foreign Currency Accounts.
- AD Category - I banks may bring the contents of this circular to the notice
of their constituents and customers concerned.
- The directions contained in this circular have been issued under Sections
10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and
are without prejudice to permissions / approvals, if any, required under any
other law.
Yours faithfully,
(Dr. Sujatha Elizabeth Prasad)
Chief General Manager-in-Charge
RBI/2012-13/135