Reconversion of Indian Rupees: authorised dealers and FFMCs may reconvert tourist cash against ATM receipts with specified ID and ticket. Urban Cooperative Banks will not receive fresh authorisation as Full Fledged Money Changers and may be considered for Authorised Dealer Category I or II only if they meet eligibility norms. Authorised Dealer Category I, Category II and Full Fledged Money Changers may reconvert Indian currency to foreign exchange for non NRI foreign tourists against ATM receipts, subject to presentation of passport and visa, a confirmed imminent departure ticket, and original ATM slip verified with the original card.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reconversion of Indian Rupees: authorised dealers and FFMCs may reconvert tourist cash against ATM receipts with specified ID and ticket.
Urban Cooperative Banks will not receive fresh authorisation as Full Fledged Money Changers and may be considered for Authorised Dealer Category I or II only if they meet eligibility norms. Authorised Dealer Category I, Category II and Full Fledged Money Changers may reconvert Indian currency to foreign exchange for non NRI foreign tourists against ATM receipts, subject to presentation of passport and visa, a confirmed imminent departure ticket, and original ATM slip verified with the original card.
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