[ad_1] International credit card spends abroad will not attract Tax Collected at Source or TCS. New Delhi: Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry. Putting to rest the controversy over usage of … Read more
[ad_1] RuPay Debit, Credit, and Prepaid Cards will be enabled for issuance in foreign jurisdictions Mumbai: In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants … Read more
[ad_1] RBI working on portable payment system for critical transactions during catastrophic events Mumbai: Reserve Bank of India is working on a light weight and portable payment system, a “bunker equivalent in payment systems”, that can be used for critical transactions during catastrophic events like natural calamities and war. The proposed Light weight and Portable … Read more
[ad_1] The Reserve Bank of India (RBI) recently announced the withdrawal of Rs 2000 notes from circulation, allowing people to exchange or deposit them in their bank accounts by September 30, 2023. Although these notes will remain legal tender until September 30, the news has caused a frenzy on the internet. Memes flooded various platforms, … Read more