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Accounting and Auditing in India – The past, present and future
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May 2014

A. P. (DIR Series) Circular No. 120 dated 10th April, 2014

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Rupee Drawing Arrangement – ‘Direct to Account’ Facility

This circular, subject to certain terms and conditions, now permits banks (called Partner Banks) in India to credit the proceeds of foreign inward remittances received under Rupee Drawing Arrangement (RDA) directly to the KYC compliant beneficiary bank accounts through electronic mode, such as, NEFT, IMPS, etc.

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May 2014

A. P. (DIR Series) Circular No. 120 dated 10th April, 2014

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A. P. (DIR Series) Circular No. 119 dated 7th April, 2014

A. P. (DIR Series) Circular No. 121 dated 10th April, 2014

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May 2014

A. P. (DIR Series) Circular No. 120 dated 10th April, 2014

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A. P. (DIR Series) Circular No. 119 dated 7th April, 2014

A. P. (DIR Series) Circular No. 121 dated 10th April, 2014