RBI directs users to pay fee, charges on forex cards in rupees
"A few authroised persons are levying certain fees/charges, which are payable in India on International Debit Cards/Store Value Cards/Charge Cards/Smart Cards or any other instrument that can be used to create a financial liability instruments, in foreign currency. It is advised that fees/charges payable in India have to be denominated and settled in Rupees only," the release said.
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