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Rupee Drawing Arrangement - Increase in trade related remittance limit

FEMA - 102 - Dated:- 21-5-2015 - RBI/2014-15/603 A. P. (DIR Series) Circular No. 102 May 21, 2015 To, All Authorised Dealer Category - I Banks Madam / Sir, Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Part (B) of .....

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P. (DIR Series) Circular No.111 dated March 13, 2014, as amended from time to time. 2. On a review of the permitted transactions under the Rupee Drawing Arrangements (RDAs), it has been decided to increase the limit of trade transactions from the exi .....

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bed limit under RDA provided that they are satisfied with the bonafide of the transaction. Further they must take additional steps as under: AD banks must ensure the remittances received under RDA are from FATF compliant countries, KYC/AML/CFT and ot .....

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espondents that maintain accounts for, or facilitate transactions on behalf of Exchange Houses in order to request additional information regarding high value trade related transactions and the parties involved. The collected details should be kept o .....

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