Please refer to BPRD Circular No. 15 dated October 12, 2007 whereby revised Branch Licensing Policy (BLP) was announced.

2. Keeping in view the rising trend in the Home Remittances and importance of the same for the economy, it has been decided to allow the banks to open dedicated Home Remittance payment centers. For the purpose of opening of dedicated Home Remittance payment centers, it has been decided to enhance the scope of Permanent Booths as given in Para-22 (Chapter-2) of the BLP. Therefore, the following sub-Para (iv) has been added to para-22 with immediate effect:

iv) Payment to Home Remittance beneficiaries via cash, demand draft and pay orders. In addition, such Home Remittance Payment Centers (permanent booths) would also be allowed to perform the functions of Sales & Service Centers as mentioned in Para- 19 of the BLP.

3. All other instructions on the subject shall remain unchanged.

4. Please acknowledge receipt.