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RBI/2015-16/401
A.P. (DIR Series) Circular No. 70
May 19, 2016
To
All Authorised Persons, who are Indian Agents under Money Transfer Service
Scheme
Money Transfer Service Scheme - Submission of
statement/returns under XBRL
Madam / Sir,
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 in
terms of which all Authorised Persons, who are Indian Agents under Money
Transfer Service Scheme were required to submit quarterly statement of the
quantum of remittances received in the prescribed format.
2. All Authorised Persons, who are Indian Agents under Money Transfer Service
Scheme (MTSS) are now advised to report the above mentioned statement in
eXtensible Business Reporting Language (XBRL) system from the quarter ending
June 2016.
3. The reporting platform may be accessed at https://secweb.rbi.org.in/orfsxbrl/.
For User name and password, Authorised Persons, who are Indian Agents under
Money Transfer Service Scheme (MTSS) are advised to submit the duly filled in
form (Annex I) through email on or before May 30, 2016.
4. FED Master Direction No. 18/2015-16 dated January 1, 2016 is being updated
to reflect the changes.
5.The directions contained in this circular have been issued under section
10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 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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