Ntf. No. FEMA 15/2000-RB dt. 03/05/2000
- Document type
- Circular
- Dated
- Category
- Notifications Under FEMA
Reserve Bank notifies debit cards, ATM cards
Definition of "Currency"
In pursuance of clause (h) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank notifies debit cards, ATM cards or any other instrument by whatever name called that can be used to create a financial liability, as currency.
(P.R. GOPALA RAO)
Executive Director