Circulars/Notifications - Exchange Policy Department  
 EPD Circular Letter No. 01 of 2023

January 05, 2023

The Presidents/Chief Executives
All Authorized Dealers in Foreign Exchange/Microfinance Banks
Participating in Reimbursement of TT Charges Scheme

Dear Sir / Madam,

Reimbursement of T.T Charges against Home Remittances

       Please refer to EPD Circular Letter No. 08/2016 dated May 24, 2016 and subsequent amendments thereto, on the captioned subject.

2.    In order to further improve the submission and processing of claims, the reporting template issued with the erstwhile Circular Letter No. 07/2021 has been revised by adding a new column, “Transaction Booking Country”. The authorized dealers shall submit their claims for reimbursement of TT Charges using the revised template enclosed as Annexure-A.

3.     Furthermore, the text of the certificate by the Head of Internal Audit Department of ADs, as required under para 2 (iv) of the above referred circular, has been amended by adding the following new clause:

(g) The claim(s) do not include transactions that pertain to remittances received or credited in RDA (NRVA/NRBVA), as per EPD Circular Letter No. 11 of 2021.

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

5.    The above instructions are applicable with effect from January 01, 2023.

Enclosed: Annexure-A (Reporting Template)

Yours truly,


(Athar Ghafoor)
Additional Director

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