| Date: |
11-11-2016
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| Notification No: |
RBI/2016-17/127 A.P. (DIR Series) Circular No. 17
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2016-17/127 |
| Subject: |
Issue of Pre-Paid Instruments to foreign tourists
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|
RBI/2016-17/127
A.P. (DIR Series) Circular No. 17
November 11, 2016
To
All Authorised Persons
Madam / Sir,
Issue of Pre-Paid Instruments to foreign tourists
Attention of Authorised Persons is invited to the
A.P. (DIR Series) Circular
No. 16 dated November 9, 2016 on Withdrawal of the legal tender character of the
existing and any older series banknotes in the denominations of Rs. 500 and Rs.
1000.
2. The circular inter alia instructs Authorized Persons to facilitate exchange
transactions for foreign tourists.
3. In order to avoid any inconvenience to foreign tourists, Authorized Persons
may issue Pre-paid instruments to them in terms of the instructions issued by
Department of Payments and Settlement System, Reserve Bank of India, in exchange
of foreign exchange tendered. Passport may be treated as a valid document for
issuance of the said documents.
4. Authorised Persons may follow the above instructions and bring the contents
of this circular to the notice of their constituents.
5. 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,
(Rajani Prasad)
General Manager
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