| Date: |
16-12-2016
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| Notification No: |
RBI/2016-17/186 A.P. (DIR Series) Circular No. 22
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2016-17/186 |
| Subject: |
Exchange facility to foreign citizens
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RBI/2016-17/186
A.P. (DIR Series) Circular No. 22
December 16th, 2016
To
All Authorised Persons
Madam / Sir,
Exchange facility to foreign citizens
Attention of Authorized Persons is invited to the
A.P. (DIR Series) Circular No. 20 dated November 25th, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15th, 2016.
- On a review it has been decided that the instructions contained in the
A.P. (DIR Series) Circular No. 20 dated November 25th, 2016 shall continue to be in force till December 31st, 2016.
- Authorised Persons may follow the above instructions and bring the contents of this circular to the notice of their constituents.
- 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,
(Shekhar Bhatnagar)
Chief General Manager-In-Charge
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