Further to our Circular Letter No.50 dated
2nd November, 1999 on the above subject, it has been decided
that banks may allow operations in the foreign currency accounts
maintained under F.E. 25 Scheme of those politicians who are
neither defaulters on any of their obligations to banks/NBFIs
nor do they appear as defaulters in the reports of Credit
Information Bureau.
Other instructions on the subject shall, however, remain unchanged.
Please acknowledge receipt.
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