MONEY TRANSFER SERVICE SCHEME – SUBMISSION OF STATEMENT/RETURNS UNDER XBRL
A.P. (DIR SERIES 2015-16) CIRCULAR NO.70, DATED 19-5-2016
Attention of Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited to the A.P. (DIR Series) Circular No. 89 dated March 12, 2013 in terms of which all Authorised Persons, who are Indian Agents under Money Transfer Service Scheme were required to submit quarterly statement of the quantum of remittances received in the prescribed format.
2. All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) are now advised to report the above mentioned statement in eXtensible Business Reporting Language (XBRL) system from the quarter ending June 2016.
3. The reporting platform may be accessed at https://secweb.rbi.org.in/orfsxbrl/. For User name and password, Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) are advised to submit the duly filled in form (Annex I) through email on or before May 30, 2016.
4. FED Master Direction No. 18/2015-16 dated January 1, 2016 is being updated to reflect the changes.
5. The directions contained in this circular have been issued under section 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.
Annex I
Contact Information Form* for creation of User id- MTSS Statement
(Fill in Capital Letters)
| A. Name of the Indian Agent | |
| B. Contact Information | DO NOT WRITE HERE |
| B.1 Name | |
| B.2 Designation | |
| B.3 Address | DO NOT WRITE HERE |
| B.3.1 | |
| B.3.2 City | |
| B.3.3 State | |
| B.3.3 Pin code | |
| B.4 Phone No | DO NOT WRITE HERE |
| C.4.1 STD Code | |
| C.4.2 Number | |
| B.5 Fax | DO NOT WRITE HERE |
| B.4.1 STD Code | |
| B.4.2 Number | |
| B.6 Email-1 | |
| B.7 Email-2 | |
| * Don’t keep any column blank. In future, any change should be informed immediately to Email ([email protected]).
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| For RBI use only (Don’t write anything below this line) | |
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USER ID :
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