NRO account debit permission for international credit card charges now allowed, subject to resident card use conditions. Permission is granted to settle International Credit Card charges from Non Resident (Ordinary) Rupee (NRO) accounts of NRI/PIO cardholders, allowing authorised dealers to debit NRO accounts up to the card limit, subject to the conditions governing use of International Credit Cards by residents; amendments to the Foreign Exchange Deposit Regulations will be notified separately.
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Provisions expressly mentioned in the judgment/order text.
NRO account debit permission for international credit card charges now allowed, subject to resident card use conditions.
Permission is granted to settle International Credit Card charges from Non Resident (Ordinary) Rupee (NRO) accounts of NRI/PIO cardholders, allowing authorised dealers to debit NRO accounts up to the card limit, subject to the conditions governing use of International Credit Cards by residents; amendments to the Foreign Exchange Deposit Regulations will be notified separately.
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