Question
As per the IFSCA Circular on January 22, 2024, which
country code must Authorized Dealer (AD) Banks use when reporting transactions between Domestic Tariff Areas (DTA) and IFSCs?Solution
AD Banks are required to use the country code 'FC' (Foreign Country) when reporting transactions between Domestic Tariff Areas (DTA) and International Financial Services Centres (IFSCs).
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