Forex Category Description
A category branches are authorized to maintain Foreign Currency accounts including ACU accounts. They handle all types of Forex Transactions.
B category branches are authorized to handle trade related and service related transactions denominated in foreign currencies and Indian rupees. They are authorized to operate on Banks' Foreign Currency accounts.
C-1 category branches are authorized to handle trade related and service related transactions denominated in foreign currencies and Indian rupees through another designated Office (LO). LO in turn would report the transactions.
C-2 category branches are authorized to handle service related transactions denominated in Indian rupees including opening and maintenance of NRE accounts.
*Click on the Category name to view branches only from a specific category.