RBI/2015-16/205DPSS. CO. AD. No. 745/02.27.005/2015-16
October 15, 2015
All Payment System Providers, System Participantsand Prepaid Payment Instrument Issuers
Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
Please refer to our circular DPSS. CO. AD. No. 1390 /02.27.005/2014-15 dated January 21, 2015 on the captioned subject. In this regard, we enclose copies of the circulars issued by Department of Banking Regulation, Central Office, on the above subject.
DBR. AML. BC. No. 36/14.01.001/2015-16 dated August 28, 2015
2. All Payment System Operators may note the contents of the above circulars and take appropriate action.
(Sangeeta Lalwani) General Manager
Encl: As above