RBI/2014-15/135
A. P. (DIR Series) Circular No. 8
July 18, 2014
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service
Scheme
Dear Sir/ Madam,
Money Transfer Service Scheme – Delegation of work to Regional Offices
Attention of Authorised Persons, who are Indian Agents under Money
Transfer Service Scheme (MTSS) is invited to the
A.P. (DIR Series) Circular No.
89 dated March 12, 2013 on Money Transfer Service Scheme – Revised Guidelines,
as amended from time to time.
- As per Annex-I Part-A Section-I Para 3 – ‘Procedure for making
Applications to the Reserve Bank’ of the above mentioned circular, the
application for necessary permission to act as an Indian Agent under MTSS is
required to be made to the Chief General Manager-in-Charge, Forex Markets
Division, Foreign Exchange Department, Reserve Bank of India, Central
Office, Fort, Mumbai-400 001. It has now been decided to delegate the work
related to authorization of Indian Agents to the Regional Offices of the
Reserve Bank. Therefore, the application for necessary permission to act as
an Indian Agent under MTSS should henceforth be made to the respective
Regional Office of the Foreign Exchange Department of the Reserve Bank under
whose jurisdiction the registered office of the applicant falls.
- All other instructions issued vide
A. P. (DIR Series) Circular No. 89
dated March 12, 2013, as amended from time to time, will remain unchanged.
- Authorised Persons (Indian Agents) may bring the contents of this
circular to the notice of their constituents concerned.
- The directions contained in this circular have been issued under Section
10(4) and Section 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,
(B. P. Kanungo)
Principal Chief General Manager