Regulatory Alerts2026-04-10 | EPD Circular Letter No. 08Added · Updated
Amendment in Instructions Related to Inward Home Remittances
Exchange Companies are authorized to enter into forward sale transactions with Authorized Dealers against receipt of home remittances for a period up to five working days. This authorization results from the amendment of sub-para 7 I(d) and the introduction of a new sub-para 7 II in Chapter 7 of the Regulatory Framework for Exchange Companies. The revised text of Paragraph 7 is provided in Appendix A.
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EPD Circular Letter No. 08
Amendment in Instructions Related to Inward Home Remittances
April 10, 2026
39224
The Chief Executives, All Exchange Companies Dear Sir/Madam,
Amendment in Instructions Related to Inward Home Remittances
Attention of Exchange Companies (ECs) is invited towards the instructions contained in Para 7, Chapter 7 of Regulatory Framework for Exchange Companies (RFEC). 2. In order to facilitate Exchange Companies in mobilizing additional home remittances, it has been decided that they may enter into forward sale transactions with the Authorized Dealers against receipt of home remittances for a period up to 5 working days. Accordingly, sub-para 7 I(d) has been amended and a new sub-para 7 II has been introduced in Chapter 7 of ibid while the remaining sub-paras stand renumbered. The revised Para 7 of Chapter 7 is attached as appendix-A . 3. ECs are advised to bring the above instructions in the knowledge of all concerned for compliance.
Enclosed:
Appendix-A
Annexure-N
Yours sincerely,
Dr. Asif Ali Director
Home — Circulars — EPD Circular Letter No. 08
Amendment in Instructions Related to Inward Home Remittances
April 10, 2026
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