Monday, October 15, 2012

MONEY CHANGING ACTIVITIES

The Reserve Bank of India (RBI) has clarified that for sale of foreign exchange to a person within
his/her eligibility on single drawal, APs may receive payment only by crossed cheque drawn
on the bank account of the applicant's firm / company sponsoring the visit of the applicant /
Banker's cheque / Pay Order /Demand Draft / debit cards / credit cards / prepaid cards, if the
rupee payment exceeds Rs 50,000/-

0 comments:

Post a comment