AD Banks Format for Fortnightly Balances in Diamond Dollar Accounts
[RBI
Circular No. 73 dated 31st January 2012]
Sub: Opening of
Diamond Dollar Accounts (DDAs)
Attention of Authorised Dealer Category - I (AD
Category-I) banks is invited to A.P. (DIR Series) Circular No. 51 dated
February 13, 2009 delegating powers to AD Category–I banks to open and maintain
DDAs by eligible firms and companies subject to certain terms and conditions.
2. It has now
been decided that AD Category - I banks should submit a statement giving the
data on the DDA balances maintained by them on a fortnightly basis as per
format annexed, within seven days of close of the fortnight to which it
relates, to the Chief General Manager-in-Charge, Foreign Exchange Department,
Reserve Bank of India, Trade Division, 5th Floor, Amar Building,
Mumbai – 400001.
3. The other
terms & conditions mentioned in the A.P. (DIR Series) Circular No. 51 dated
February 13, 2009 and A.P. (DIR Series) Circular No. 13 dated October 29, 2009 shall
remain unchanged.
4. AD Category -
I banks may bring the contents of this circular to the notice of their
constituents and customers concerned.
5. The directions
contained in this circular have been issued under Sections 10(4) and 11(2) of
the Foreign Exchange Management Act, 1999 (42 of 1999) and are without
prejudice to permissions / approvals, if any, required under any other law.
Annex
[Annex to
A.P. (DIR Series) Circular No.73 dated January 31, 2012]
Statement showing balances in Diamond Dollar Account on
daily basis during the fortnight ended
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Name of the Bank :
A.D. Code No. :
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Million) |
Balances (in
Rupee equivalent in Crore) |
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Signature of
Authorised official
Stamp
Date: